Internet of Things for improving Supply Chain Performance: A Qualitative Study of Australian Retailers

Vass, Tharaka de; Shee, Himanshu; Miah, Shah Jahan

doi:10.5130/acis2018.bc

Cited by 9 publications

(7 citation statements)

References 28 publications

(51 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Several research papers addressed the impact of IoT on supply chain and business performance and examined it from different angles, such as a systematic literature review (Tiwari, 2021), IoT as an enabler for supply chain visibility (Anitha et al, 2020), RFID as a form of IoT technology (Zhou et al, 2015), IoT in retail channel integration as a bridge between supply and demand (Caro and Sadr, 2019). Other recent studies examined the role of IoT on SCI and performance from the perspective of organisational capabilities (OCs) (de Vass et al, 2018a(de Vass et al, , 2018b, while some others focused on "IoT-enabled" dynamic supply chain performance management (DSCPM, see Dweekat and Al-Aomar, 2018), the impact of IoT on global SCM (Shah and Ververi, 2018) or the creation of an SC performance index based on IoT (Tenghong and Li, 2011).…”

Section: Introductionmentioning

confidence: 99%

The effect of IoT capability on supply chain integration and firm performance: an empirical study in the UK retail industry

Argyropoulou

Garcia

Nemati

et al. 2023

JEIM

View full text Add to dashboard Cite

PurposeThe purpose of this study is to use empirical data to examine the hierarchical impact of the Internet of things capability on supply chain integration (SCI), supply chain capability (SCC) and firm performance (FP) in the UK retail industry.Design/methodology/approachA deductive approach was employed to carry out this research. Structural equation modelling (SEM) was performed using the partial least square method (SmartPLS 3.3.3) to test theoretical predictions which underlie the relationships among Internet of things capability (IoTC), SCI, SCC and FP. Data are collected using an online survey completed by senior executives of 66 large, medium and small firms within the UK retail industry.FindingsThe empirical results of this research reveal that IoTC has a significant positive effect on the UK retail industry FP through the mediating role of SCI and SCC.Practical implicationsThe research results from this study provide useful management insights for firms within the retail industry into the development of effective strategies for integrating their supply chain alongside the adoption of IoTC into SCI, consequently leading to improvements in FP.Originality/valueAlthough previous studies have explored the impact of IoT on FP through the sequential mediating role of SCI and SCC, few have explored the impact of the IoT capability (IoTC) on FP through sequential mediators, i.e. SCI and SCC. This study examines the relationship between IoTC, SCI, SCC and FP in the UK retail industry supply chain to address this knowledge gap. Moreover, this study examines the effects of IoTC on FP by applying partial least square (PLS)-SEM techniques. Testing the sequential mediating role of SCI and SCI is undertaken, and the relationships among IoT-enabled SCI and SCC is analysed to improve FP. The robustness check's result through PLSpredict analysis also confirms the power of the model proposed in this study.

show abstract

Section: Introductionmentioning

confidence: 99%

The effect of IoT capability on supply chain integration and firm performance: an empirical study in the UK retail industry

Argyropoulou

Garcia

Nemati

et al. 2023

JEIM

View full text Add to dashboard Cite

show abstract

“…89 Furthermore, BT ensures data authenticity and uninterrupted flow by countering willful infringements, reducing supply chain risks, and causing business trustworthiness. 90 Additionally, with a continuous increase in fraudulent activities, governmental bodies and industrial cartels have over-emphasized the importance of transparency across chains, causing frequent adoption of SCI and BT. 5 Hence, the study reasonably enriches the scientific knowledge by making researchers available with empirical proof for the association between BTs and SSCP.…”

Section: Discussionmentioning

confidence: 99%

Interconnection between the role of blockchain technologies, supply chain integration, and circular economy: A case of small and medium-sized enterprises in Pakistan

et al. 2023

View full text Add to dashboard Cite

Increased industrialization has led to unprecedented resource depletion on a global scale. The current state of affairs has compelled practitioners and academics to investigate the role of sustainable technologies in greening the operations of businesses. Previous studies have attempted to examine the number of operational aspects for their role in making firms sustainable, yet the utility of blockchain technologies is in its infancy. The role of BT in enhancing integration across supply chains has been in the limelight in the recent past. At the same time, its ability to cause sustainable supply chain performance (SSCP) in sync with the circular economy (CE) and supply chain integration (SCI) has largely remained unexplored. Therefore, this study intends to examine the association between blockchain technologies (BTs) and SSCPs through integration to fill the empirical gaps. The study was pursued to investigate the moderating role of the CE on the relationship between multiple extents of SCI and SSCP. Based on dynamic capability theory (DCT), the study considered BT a dynamic resource. BTs are used to integrate and reenergize the relationships with upstream and downstream channel members in pursuit of sustainable performance outcomes. The study opted for a cross-sectional design, where data was collected through convenience sampling from 475 managers from SMEs operating across Pakistan. PLS-SEM was used to analyze the data and to generate the required empirical outcomes. Study results favored the significant association between BT and SSCP, followed by a significant mediating role of SCI dimensions and moderating role of the CE. The study's findings propagate the utility of BTs adoption for SMEs, which holds the potential for firms to achieve system-wide integration to achieve sustainable outcomes. The given empirical investigation holds valuable insights for practitioners and scholars intending to pursue research on the subject matter.

show abstract

“…Retail giants such as Walmart and Amazon have leveraged real-time data analytics to personalize marketing campaigns, optimize pricing strategies, and efficiently manage their inventory (Hossain et al, 2021). These companies have utilized technologies like RFID, IoT, and advanced analytics platforms to gather real-time data, analyze consumer behavior, and make data-driven decisions (Vass et al, 2018;Akinruli et al, 2021). For instance, IoT technologies have enabled retailers to constantly monitor store environments, enhance security, and improve service quality (Hossain et al, 2021).…”

Section: Real-time Data Analytics In the Usa Retail Sectormentioning

confidence: 99%

Real-time data analytics in retail: A review of USA and global practices

Mustafa Ayobami Raji,

Hameedat Bukola Olodo,

Timothy Tolulope Oke

et al. 2024

GSC Adv. Res. Rev.

View full text Add to dashboard Cite

Real-time data analytics has emerged as a pivotal tool in the retail sector, revolutionizing decision-making processes and operational strategies. This study delves into the extensive landscape of real-time data analytics in retail, offering a comprehensive review of practices both in the USA and on a global scale. In the United States, retail giants have harnessed real-time data analytics to gain unprecedented insights into consumer behavior, preferences, and market trends. From personalized marketing campaigns to dynamic pricing strategies, retailers leverage real-time analytics to optimize inventory management and enhance the overall customer experience. The integration of technologies like RFID, IoT devices, and advanced analytics platforms has facilitated the seamless flow of data, enabling retailers to respond swiftly to changing market dynamics. On a global scale, diverse retail markets have embraced real-time data analytics to stay competitive in an ever-evolving landscape. Cross-border e-commerce and the proliferation of online marketplaces have intensified the need for real-time insights into global consumer trends. Retailers worldwide are adopting predictive analytics to forecast demand, reduce stockouts, and streamline supply chain operations. Moreover, the integration of artificial intelligence and machine learning algorithms enhances the ability to analyze vast datasets, uncovering hidden patterns and predicting future market trends. Challenges such as data privacy concerns, integration complexities, and the need for skilled professionals are acknowledged in this review. Despite these challenges, the transformative impact of real-time data analytics on the retail sector is undeniable. As technology continues to advance, the synergy between real-time data analytics and retail practices is expected to deepen, fostering innovation and reshaping the industry's landscape. This study provides a glimpse into the dynamic and evolving realm of real-time data analytics in retail, offering insights into the strategies employed by both the USA and global players to thrive in an era of rapid technological change.

show abstract

Internet of Things for improving Supply Chain Performance: A Qualitative Study of Australian Retailers

Cited by 9 publications

References 28 publications

The effect of IoT capability on supply chain integration and firm performance: an empirical study in the UK retail industry

The effect of IoT capability on supply chain integration and firm performance: an empirical study in the UK retail industry

Interconnection between the role of blockchain technologies, supply chain integration, and circular economy: A case of small and medium-sized enterprises in Pakistan

Real-time data analytics in retail: A review of USA and global practices

Contact Info

Product

Resources

About