Supplier Relationship Management Through Internet of Things- A Research Perspective

Objectives: Evaluation of the influence of IoT origin data on the Supplier relationship management domain. Findings: In Industrial revolution 4.0 IoT will have a major contribution towards creating differentiators for the businesses. The population of smart devices would increase exponentially. Data from such smart devices will get collated, analyzed and used in various fundamental concepts to create a niche for the business in the market. Agility is the key word which can be achieved in the business process with the help of IoT origin data i.e. real time data which enables express decision making thus making the businesses more responsive to customer demands.