A New EU Challenge: Increase Supply Chain Management Performance by Internet of Things. A Study on Romanian Economy

Abstract

Internet of Things (IoT) is a term used to express the new evolution of the Internet which brings major changes both to economy and society as well as in the business environment and indus-try, in which any physical or virtual object can be connected to other objects or people through the Internet. The usage of IoT technology in Supply Chain Management increase the overall performance and relationship between the supply chain members well as the relationship with the customers, competitors, and suppliers, facilitating the capture, transmission, and analysis of data, having a variety of applications. Our study aim is to analyze the performance factors that are influencing the adoption of Internet of Things technology in Supply Chain Management. In order to identify and examine the factors a quantitative research it’s conducted because it al-lows understanding the factors that characterize an organization and the relations between it and its members, factors that are contributing to better prosperity of the organization and to an increase of performance achieved through the chain, facilitating the integration of business processes between members.

Keywords

• internet of things
• performance factors
• supply chain management