Simulation analysis of supply chain risk management system based on IoT information platform

ABSTRACT

In this paper, IoT (Internet of Things) information technology has been widely applied to the supply chain risk management (SCRM). Firstly, the source of risks has been sorted out, the external and internal risks have been described in detail with the risk management of supply chain system. Secondly, the supply chain risk and case reasoning were mentioned. Finally, the work actively explored the supply chain risk management by the IoT information, such as 3G network, RFID and GPS. The research on SCRM based on IoT information contributes to the construction and improvement of supply chain informatisation.

KEYWORDS:

• IoT information technology
• Supply Chain Risk Management (SCRM)
• RFID
• Artificial Intelligence (AI)

Disclosure statement

No potential conflict of interest was reported by the authors.

Additional information

Funding

This work was supported by the Science and Technology Project of China Railway Corporation [Grant No. 1341324011]; Key Project of Art Science in Shandong Province [Grant No. 201806389]; The Social science planning research project of Shandong Province [Grant No. 17CKJJ04]; The Chun Hui project of ShengLi College China University of Petroleum [Grant No. KY2018008]; The Human and social science research project of Shandong Provincial Education Department [Grant No. J17RB123].