Improving risk management by using smart containers for real-time traceability (1810.13332v1)

Abstract: This research proposes implications of application functions by using the chain traceability data acquired from the Smart Object attached with Extended Real-time Data (SO-ERD: e.g. smart container, smart pallet, etc.) to improve risk management at the level of the logistics chain. Recent applications using traceability data and major issues in traceability systems have been explored by an academic literature. Information is classified by the usage of current traceability data for supporting risk detection and decisions in operational, tactical, and strategical levels. It is found that real-time data has been a significant impact on the usage for the transportation activity in all decision levels such the function of food quality control and collaborative planning among partners. However, there are some uncertainties in the aggregation of event-based traceability data captured by various partners which are preventing the adoption of data usage for the chain. Under the environment of Industry 4.0 and the Internet of Things (IoT), the SO-ERD enables independent data tracing through the chain in real-time. Its data has potential to overcome current issues and improve the supply chain risk management. Therefore, Implications of risk management are proposed with the usage of SO-ERD data based on the literature review which reveals current concerns of decision functions in the supply chain. The implications can be an impact to the domain needs.