February 22, 2024WSEAS TRANSACTIONS ON INFORMATION SCIENCE AND APPLICATIONSOpen Access

An Autonomous Inventory Replenishment System through Real-Time Visibility and Collaboration based on IOT and RFID Technology

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Autonomous inventory replenishment lowers lost revenue during unpredictable demand through real-time visibility and automated partner collaboration.
Inventory replenishment simulation across 3 utilized datasets shows a 22.9% reduction in lost revenue compared to the nearest competing baseline.
Supports direct deployment of IoT and RFID technology within supply chains to accelerate replenishment speed and mitigate lost sales from stockouts.

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Implication

Inventory replenishment simulation demonstrates reduced lost revenue in supply chains, indicating that IoT-driven autonomous collaboration speeds restocking.

Cite This Study

Mandar et al. (2024) studied this question.

synapsesocial.com/papers/68e781eeb6db6435876f4f9d https://doi.org/10.37394/23209.2024.21.12

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Implication

Inventory replenishment simulation demonstrates reduced lost revenue in supply chains, indicating that IoT-driven autonomous collaboration speeds restocking.

An Autonomous Inventory Replenishment System through Real-Time Visibility and Collaboration based on IOT and RFID Technology

Key Points

Discussion

Implication

Cite This Study

An Autonomous Inventory Replenishment System through Real-Time Visibility and Collaboration based on IOT and RFID Technology

Key Points

Discussion

Implication

Cite This Study

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