The Use of Internet of Things (IoT) in Improving Supply Chain Efficiency of the European Automotive Industry - A Conceptual Framework

Abstract

Abstract. The world has entered a brand new industrial revolution so-called the Industry 4.0 where new technology such as Internet of Things starts to play a crucial role in many business activities. However, the possibility to utilize the Internet of Things have not been fully investigated, especially in the European automotive industry where they have the most complex supply chains compared to other industries. This research paper aims to study the impact of IoT in improving the supply chain efficiency of the European automotive industry. Additionally, the implementation and the possible challenges of IoT within the industry are also being analyzed.

Keywords: Internet of Things; Supply Chain; Automotive; European