DEPARTMENT OF
INDUSTRIAL ENGINEERING AND MANAGEMENT
Report on
Internship work (IM IN)
Carried out at:
INSPIRE TECHNO PARK LLP
#4B/219, 1st Floor, 5th Street, C.G.E Colony
Tuticorin 628 003
Submitted by:
ABISHEK VINODH S
USN:
1MS19IM040
During the academic year of 2021-22
DEPARTMENT OF
INDUSTRIAL ENGINEERING AND MANAGEMENT
INTERNSHIP REPORT– IM IN
Duration of Internship Activity
: 1 Month
Internship carried out at
: INSPIRE TECHNO PARK
Term
: 12/09/2022 – 17/12/2022
Submitted by
: ABISHEK VINODH S
Name
: ABISHEK VINODH S
USN
: 1MS19IM015
Reviewer
1
2
Name
Signature with Date
ACKNOWLEDGEMENT
I would like to place on record my acknowledgement to the following peoplewho played
influential role in the successful completion of the Internship.
I would like to express my heartfelt gratitude to INSPIRE TECHNO PARK LLP for
providing me with the opportunity to complete thisInternship program at this organization.
I also express my sincere gratitude to D CHRISTHOPER (DIRECTOR) who in spite of their
busy schedule, gave their time in helping me in understand the working progress of the
company. Their guidance was key in completion of the Internship.
I owe my gratitude to Dr. N D Prasanna, Head, Department of Industrial Engineering &
Management, Ramaiah Institute of Technology, for having provided us with all necessary
permissions for carrying out this Internship. I also thank my proctor Dr. Shilpa M and the
faculty of Industrial Engineering and Management, RIT for their constant support and
encouragement.
COMPANY PROFILE
INSPIRE TECHNO PARK LLP was incorporated on the 12th Day of July 2017, and is a
leading software developer functioning efficiently. They have a fast-paced, success – oriented
work environment and expertise of employees who are among the best in the industry.
They seek to understand client’s individual situation and specific needs and provide solutions
to meet those needs.
Their value-driven aim is to provide solutions that will give the best value to client and where
client can see positive measurable results. We actively network with other consulting firms in
relevant fields of expertise, locally and internationally, to enable us to provide client with the
best solutions. They are also flexible in working to meet the needs of our clients. The nature
and extent of our involvement in projects and the structure of our pricing are based on mutual
discussion and argument with client.
Mission and Vision
The vision of their company is to help our clients meet their goals through technology, our
people, services and solutions.
The mission or goal of the company is to exceed the expectations of every client by offering
outstanding customer service, increased flexibility and greater value, thus optimizing system
functionality and improving operation efficiency. Our associates are distinguished by their
functional and technical expertise combined with their hands – on experience, thereby ensuring
that our clients receive the most effective and professional service.
●
Understand the needs and requirements of our clients and propose a good solution.
●
Develop proposals that provide cost-effective solutions to our clients’ needs
●
Develop effective products to deliver value-added services and solutions to our clients.
●
Work with our clients to improve their business with technology.
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PRODUCTS OFFERED BY THE COMPANY
1. Total Business Management System
Total Business Management System (TBMS) focuses on delivering and web based
solutions for single outlet or multiple outlets business. TBMS specifically designed for nontechnical users. TBMS also provides the most reliable and comprehensive web based
solution
available
today,
making
your
business
to
productive
environment.
Project features
TBMS is a user-friendly web based software which helps the management to view their
business activities for their single outlet or multiple outlets anytime from anywhere.
TBMS Integrated with following Functions:
●
Inventory Control - Product Category, Unit of Measurements, Set Product Table,
Opening Stock Entry, Stock Transfer & Stock Reports.)
●
Dot Purchasing - Supplier Record, Purchase Order, Goods Received Note, Payment
Voucher & Purchase Reports.
●
Dot Invoice - Customer Record, Point of Sale Entry, Daily Collection & Sales Reports
●
Dot Accounts - Customer Record, Invoice, Payment Receipt & Sales Reports
TBMS - Point of Sale System installed on all outlet computers. Centralized product table.
Product table updated by authorized personal from anywhere by log in to given web site. The
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Updated product data will be notified to each outlet to update their product table by latest
product table. Each outlet can have their own price list which is created and updated by
authorized personal time to time.
Management can view the consolidated sales report for all the outlets from anywhere, any time.
Daily, Weekly, Monthly & Yearly based sales reports are available.
●
Cash & Carry, Supermarkets.
●
Textiles
●
Pharmacy
●
Stationery & Computer Shops
●
General Stores
2. Food and Beverage Online System
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“Food & Beverage Management System (F&B)” focuses on delivering and web based
solutions for single restaurant or multiple restaurants business. F&B specifically designed for
non-technical users. F&B also provides the most reliable and comprehensive web based
solution available today, making your business a productive environment. F&B is a userfriendly web based software which helps the management to view their business activities for
their single restaurants or multiple restaurants anytime from anywhere.
Point of Sales Features
F&B Point of Sale system enabled touch screen function. Waiter/Waitress allowed to update
the order form to the nearby system. Once the order form is updated, the system will send the
order to the kitchen printer & beverage printer separately with unique number or by table
number. Order has been served and order form value goes to cashier system. Customer after
finish their meals go to the counter to pay the bill and the order form system comes to an end.
F&B system with following Functions:
●
F&B Menu Items - Item Category, Unit of Measurements, Set Menu Item, Set Price (able
to update different price for each outlets
●
Purchasing - Supplier Record, Purchase Order, Goods Received Note, Payment Voucher
& Purchase Reports.
●
Invoice - Customer Record, Invoice, Payment Receipt & Sales Reports.)
●
Accounts - Set Account Code, Payment Voucher, Receipt, Journal, View GL, Trial
Balance, Balance Sheet & P&L.)
Online System:
F&B - Point of Sale System installed on all restaurants computers. Centralized product table.
Product table updated by authorized personal from anywhere by log in to given web site. The
updated product data will be notified to each outlet to update their product table by latest
product table. Each outlet can have their own price list which is created and updated by
authorized personal time to time.
Management can view the consolidated sales report for all the restaurants from anywhere, any
time. Daily, Weekly, Monthly & Yearly based sales reports are available.
●
Restaurants
●
Pubs
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3. Food and Beverage Online System
Our Integrated System Management System allows you to Manage Members, Fee Collection,
Members Daily Report, Members Payment Report, Exclusive Health Product Sales, Fitness
Analysis, Cashier and Admin Views on the go. With this online system help you have complete
control over the business with handy Reports.
IGMS Features
Reports The Complete information about the members of the Gym can be added here. Payment
terms and billing can be updated and viewed easily. Complete List of Members, Attendance,
Payment and activities Their Listed Features and Options:
Members
●
Registration
●
View Members List
●
Walk-in Member
●
Expiring Member
●
In-Out Report
●
Fee Collection
●
Payment History
Tools
●
Change Password
●
Member/Staff In-Out Report
●
List of Entries
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●
Day Closing
Inventory
●
Purchase Note
●
Stock Adjustment
●
Stock Report
Business Monitoring:
●
Walk in Customer
●
Drinks
●
Monthly Fee
●
Registration Fee
●
Other Collection
●
Member
●
Enquiry
●
Message
4. Hotel Management System
“Food & Beverage Management System (F&B)” focuses on delivering and web based
solutions for single restaurant or multiple restaurants business. F&B specifically designed for
non-technical users. F&B also provides the most reliable and comprehensive web based
solution available today, making your business to productive environment.
F&B is a user-friendly web based software which helps the management to view their business
activities for their single restaurants or multiple restaurants anytime from anywhere.
Point of Sales Features
F&B Point of Sale system enabled touch screen function. Waiter/Waitress allowed to update
the order form to the nearby system. Once order form updated, system will send the order to
kitchen printer & beverage printer separately with unique number or by table number. Order
been served and order form value goes to cashier system. Customer after finish their meals
goes to counter to pay the bill and order form system comes to end.
F&B system with following Functions:
●
F&B Menu Items - Item Category, Unit of Measurements, Set Menu Item, Set Price (able
to update different price for each outlet
●
Purchasing - Supplier Record, Purchase Order, Goods Received Note, Payment Voucher
& Purchase Reports.
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●
Invoice - Customer Record, Invoice, Payment Receipt & Sales Reports.
●
Accounts - Set Account Code, Payment Voucher, Receipt, Journal, View GL, Trial
Balance, Balance Sheet & P&L.
Online System
F&B - Point of Sale System installed on all restaurants computers. Centralized product table.
Product table updated by authorized personal from anywhere by log in to given web site. The
updated product data will be notified to each outlet to update their product table by latest
product table. Each outlet can have their own price list which is created and updated by
authorized personal time to time.
Management can view the consolidated sales report for all the restaurants from anywhere, any
time. Daily, Weekly, Monthly & Yearly based sales reports are available.
5. E-College Management System
“ECollege Management System (eLearning)” focuses on delivering and web based solutions
for learners online with easy and User Interface. We bring learners easy to understand and
learners under different locations around the globe.
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6. Financial System
CBM IT Solutions and Inspire Techno Park LLP brings the whole business Cash flows under
one Software or Web Applications with Mobile App Reporting
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7. Inventory System
CBM IT Solutions and Inspire Techno Park LLP brings the whole business Inventory and
properties under one Software or Web Applications with Mobile App Reporting
8. Consulting Services
CBM Consulting builds creative solutions for modern businesses. According to industry best
practices and specialized software expertise, CBM consultants help you assess your current
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infrastructure, create your enterprise computing strategy, and deploy new technology. CBM
Consulting helps you face today's most complex technology challenges.
1. Interview relevant Department personnel to understand business objectives and
technical needs
2. Inventory of all applications and hardware throughout municipality
3. Assessment of back-up systems for effective risk management.
4. Research and application of best practices knowledge to maximize the benefits availed
by technology today and future.
5. Custom tailored Solutions.
6. System Integration, Software Architecture & Design
7. Handling Outsourced Software
CBM Consultancy May Cover
1. Organization structure development
2. Company processes defining
3. Technical support of different areas
4. Functions analysis
5. Procedures development.
6. Business requirements determining
CBM Consultancy Functions
1. Perform function analysis of customer system
2. Develop the customer system documents (Procedure Manual, User Manual)
3. Participate in IT solutions
4. Develop training material & workshop scenario
5. Conduct training for customer trainees and Support projects implementation
6. Perform customer after-sale support for functions improvement and complaints
resolving
CBM Methodology
The consultancy department follows this methodology through the development of an IT
project
1. Develop the company current business baseline document.
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2. Develop the company future process model
3. Participate in mapping business requirements
4. Participate in Software application acceptance test
Services offered by the company:
1. Application Development
In addition to being a consulting company, CBM IT Solutions is also in the business of
developing software solutions. We have personnel who are experienced in working with the
latest web-based and wireless technologies, as well as legacy client/server architectures. We
can assist all phases of the application development life cycle, including requirements
definition, functional design, technical design, programming, testing, conversion,
implementation and ongoing support.
1. Web-Based and Wireless Technologies
2. Client/Server
3.
Architectures
4. Technical Design
5. Functional Design
6. Testing
7. Implementation
8. Ongoing Support
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2. Web Apps
As a Successful Lead in IT Consultancy and software development, CBM IT Solutions is also
in the business of developing web-based software solutions. These software solutions are made
available to clients as either hosted applications or tailoring at our client’s sites. Few software
products in our current product line.
Leading Web Application Development Projects
1. Total Business Management System
2. Inventory and Accounting System
3. F & B Management System
4. E-Hotel Management System
5. E-Gym Management System
6. Enterprise Resource Planning (ERP Web App)
3. Custom Software
CBM doesn’t just customize and integrate large corporate systems: we also do custom software
development and develop custom software solutions, specially tailored for your business.
We believe we are a custom software development company that can adequately manage and
create a quality product for you because we are reliable and experienced.
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We can do customized software development of your project, while accompanying you through
the full cycle of development, which looks like this:
1. Collect information on nature of your business and about your problem facing.
2. We do analyse and discuss for a solution and create business specification.
3. We will create a complete specification to get your approval.
4. Create a development schedule and work accordingly.
5. After development we do testing on the system before delivery.
6. Implementation & training will be provided for authorized personal.
7. Based on your requirements we will do the support after start using the system.
4. Customization & Integration
When working with documents, you rarely create a system for the needs of your enterprise
from scratch. Sometimes it happens differently; your enterprise changes its processes in order
to fit into the off-the-shelf solution you purchased for your enterprise. Needless to say, this is
not very effective.
A much better variant is to adapt the system to the needs of your enterprise. And this is exactly
what we are doing and where we’ve already achieved great results. We analyse the situation,
choose the system, tailor it to your needs, implement it and teach your personnel how to use it.
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The effect of this approach is tremendous. The system starts working as it is supposed to,
bringing you the advantages you expected it to bring.
This allows us to offer you software solutions that truly take the specifics of your enterprise
into account and provide the features you need at a lower cost while maximizing efficiency.
We can do customized software development of your project, while accompanying you through
the full cycle of development
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Network analysis of SCM and Logistics
1. RFID for better SCM and logistics
Table 7 reveals that cluster 1 is centered on the applications of RFID and its value
in SCM and logistics, and thus we labeled it as RFID for better SCM and logistics.
The most relevant keywords in this cluster are "RFID", "SCM", "simulation" and
"tracking". RFID is a system that can automatically identify and capture data,
allowing an electronic device (reader) to use radio waves to identify a tagged
object. As an improvement to barcoding, an RFID system consists of small tags
storing electronic product code (EPC) data. RFID is a key component of IoT and
it paves the way for several innovative applications in SCM and logistics. For
instance, organizations can use RFID to improve performance, operational
efficiencies, inventory management e value of RFID is evident because firms
can use the technology to increase automation and significantly reduce manual
tasks and errors. The advantages of RFID have been commonly recognized by
several industries including retail manufacturing, health care, agriculture,
transportation, apparel, minerals and mining, and construction. Data acquired
from RFID systems can serve as the basis for successful simulation modeling
because the sensing capabilities of the technology provide ample amounts of data
that are useful to build accurate simulation models for monitoring throughput and
process efficiencies. However, the benefits of RFID do not come without
challenges. Several studies note that the adoption of the technology might be
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hindered by cost, privacy and security problems, and other technical issues. While
the literature on the potentials and challenges of RFID in SCM and logistics is
abundant, there is still a need to understand the strategic value that RFID can
provide for all supply chain actors. The investigation of the long-term impact of
RFID systems in closed-loop supply chains and reverse logistics is another
interesting avenue for future re- search. As a core IoT element, researchers
should draw upon the field’s wealth of existing knowledge to clarify how RFID
can be an enabler for green and environmentally responsive supply chains.
2. IoT and industry 4.0 technologies
Cluster 2 includes the technologies that drive digital transformation and
facilitate the successful transition toward Indus- try 4.0. To make this a reality,
all supply chain and logistics processes need to be digitized and automated.
Keywords such as "IoT", "Industry 4.0 , "big data", and "blockchain" are
therefore included in this cluster. The implementation of IoT has generated big data
streams that firms can use for analytical purposes, thereby ensuring high data
accuracy and clarity, actionable insights, and evidence-based decisions across
the supply chain. The literature also reinforces the argument that the
combination of IoT and blockchain is highly promising for SCM and logistics.
The use of these technologies enables supply chain partners to exchange
information more reliably and to improve the traceability of their shipments.
In this regard, blockchain has great potential to increase supply chain visibility,
trust and collaboration, operational efficiencies, and sustainability. The
integration of blockchain and IoT can consolidate SCM and logistics activities,
enabling organizations to achieve competitive advantages. Furthermore, block
chain is a key enabling technology in several sectors such as the food and
healthcare industries. The technology can overcome the inability of organizations
to make effective use of data captured by IoT systems.
It is surprising to notice that, in this cluster, the term “cloud computing” is only
ranked in the tenth position. This can potentially be explained by the fact that
IoT research is more inclined toward blockchain for the storage of IoT data,
rather than cloud servers. From the discussions of this cluster, it emerged that
there is still ample room for examining the value of IoT when merged with
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Industry 4.0 technologies. To date, for example, few business cases exist to
showcase the application of IoT for big data analytics initiatives in the logistics
industry. The lack of practical cases blurs the vision of organizations and makes
them unable to make well-informed decisions regarding IoT adoption in SCM
and logistics. A contribution opportunity from future studies would be to explain
how IoT and big data converge, improve the integration of supply chain
processes, and drive logistics innovations and new business opportunities. In
spite of the growing importance of blockchain technology, there is a paucity of
studies that identify and characterize the contextual settings that are relevant for
tailoring the right blockchain configuration. Therefore, the investigation of the
business context and situational factors that influence the combined usage of
blockchain and IoT is another promising research direction. As such, the
understanding of the organizational goals, processes, and environment can aid
practitioners in determining the appropriate business context in which IoT and
other Industry 4.0 technologies can be applied together. Further discussion is also
needed on whether blockchain will replace cloud-based data storage and
outperform cloud computing technology in terms of security, compatibility with
current organizational practices, and compliance with core business values,
goals, and needs.
3. IoT support for innovation and collaboration in SCM and logistics
Another research topic is related to the technology’s potential for innovation and
collaboration, which constitutes cluster 3, labeled as IoT support for innovation
and collaboration in SCM and logistics. Big data generated and recorded through
IoT networks can encourage organizations to explore innovation opportunities
and
devise
data-driven
solutions
and
strategies
to
enhance
their
competitiveness. In order to sustain their market position, logistics companies
can use the knowledge obtained from IoT to become advanced innovationbased logistics service providers . For example, Öztays¸ argue that customer data
collected through RFID systems can be used for service innovation, supporting
brand differentiation, competitiveness, and loyalty. IoT technologies enable
higher levels of real-time visibility and coordination between marketing and
manufacturing activities and thus contribute to the growth of innovation
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capabilities of the organization. Moreover, organizations can use IoT to improve
their supply chain processes, satisfy customer demands, and pursue innovation.
With more stakeholders involved in increasingly complex value networks, IoT
facilitates the development of more intelligent supply chains and stronger
collaborations among exchange partners. The complexity of the business
environment often causes operational waste throughout the supply chain.
Moreover, IoT can also be used as a means of operational excellence to improve
collaboration and collaborative processes. In their recent study, Cui et al. find
that IoT can enhance information transparency, strengthen the integration of
management information systems, and increase the data processing capabilities
of an organization, all of which are all necessary to improve supply chain
collaboration. The importance of an empirical approach is evident in this cluster,
as researchers have favored the use of case studies to gain real practical insights
into the effectiveness of IoT in SCM and logistics . As recommended by Yin , case
studies are valuable in the first stages of theory development, especially when
they are aimed at examining phenomena with little or theoretical background.
However, the rapid growth in IoT also implies that scholars apply more empirical
methods such as surveys, interviews, and experiments to investigate how IoT is
perceived and can help organizations to establish successful collaborative
relationships in the supply chain. More studies on the role of IoT to drive
business model innovation, promote change, and accelerate product development
are therefore needed. This is crucial as managers may apply the technology to
develop dynamic capabilities, inculcate creativity within their organizations, and
foster innovation in SCM and logistics.
4. IoT for the food supply chain
Cluster 4 revolves around the applications of IoT in the food industry. Several
complexities and intricacies characterize food supply chains, such as
fragmentation, perishability, as well as quality and safety issues. Food
organizations also encounter other challenges, including supply interruptions,
food waste, and non-sustainable practice. As a result, food supply chains
constitute an integral component of every economy, and there is a compelling
need for organizations to con- sider the adoption of IoT to reduce food waste,
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increase food safety, and optimize operational efficiencies throughout the entire
food chain.
The digitalization process by means of IoT solutions can assist in the management
of food supply chains, embed more efficient practices, and help to monitor
product history and origin tracking. Similarly, the use of IoT sensors facilitates
the implementation of policies for the management of fresh products (e.g., FirstIn First-Out (FIFO)), thus helping organizations to generate substantial cost
savings. For example, posit that the integration of RFID in the food organization
can provide a quantitative assessment of critical issues of perishable food
management, including on-shelf availability, stock outs, shelf management, and
product freshness. Feng
suggest that the capabilities of IoT-based food
traceability systems can be empowered by the use of blockchain because the
technology can secure ambient data (e.g., temperature, humidity, O2, CO2),
which is collected and automatically transmitted by IoT sensors.
Through the use of IoT, food suppliers can rely on the sensing capacities of the
technology to effectively and efficiently manage their procedures pertaining to
food safety thereby increasing consumer trust in food products. In this cluster,
studies have also advocated the use of decision support systems (DSS) to develop
smart logistics systems for controlling industrial food processes, ensuring realtime product traceability, and maintaining accurate prediction of shelf life.
Additionally, case-based reasoning (CBR) has been applied along with IoT tools
to handle the global concerns facing the management of food supply chains.
Using CBR. Contend that effective storage of environmentally sensitive products,
such as food, can be established, thereby supporting third-party (3P) logistics
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entities to maintain good cargo monitoring in the cold chain context. Besides
CBR, the analytical hierarchy process (AHP) is another artificial intelligence
technique that has been leveraged as a decision-making tool to support the
selection of the best 3P logistics service providers in IoT-based agriculture
supply chains. The findings of this cluster suggest that researchers should
explore how IoT can be used to synchronize information sharing among
organizations and to develop a systematic and holistic approach to tackle food
quality and safety issues in the food industry. Empirical studies on the selection
of capable IoT sensors in the food supply chain are required to provide
practitioners with insights into the specific technical features of IoT devices
necessary for the improvement of the overall performance of the food chain.
5. IoT for reverse logistics
Cluster 5 focuses on IoT and its relationship with reverse logistics (RL). Broadly,
reverse logistics denotes the collection of returned products in collecting points
and their flow from downstream to upstream within the supply chain. The main
goal of reverse logistics is to foster sustainability in the supply chain by
reducing negative environmental impacts. To effectively handle returned or
damaged products in the supply chain, the use of RFID and IoT sensors have the
potential to improve reverse logistics processes and the total recovered value of
used products for manufacturing companies. Likewise, IoT can streamline reverse
logistics, optimize efficiency, and improve the management of reusable assets for
the recycling of products. IoT can also provide accurate and timely information
regarding returned products, thus laying the foundation for the successful
management of reverse logistics. Access to real-time information enables
organizations to have more control over the distribution channels of their returned
products. In this sense, GU and Liu a r g u e that the integration of IoT in the
reverse logistics system is conducive to a complete closed-loop logistics system
(CLSC) that ensures the effective operation of the whole system. Kongar. Note
that the use of RFID, as a prominent IoT component, represents an effective
solution to some longstanding problems that hamper the development of reverse
logistics, including the tracking of returned products as well as the assessment of
the value of the remaining usable content and the overall cost. Another finding
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from this cluster is that numerous studies use logistics regression and neural
networks to develop predictive models for equipment failure risks, RFID adoption
decisions, and for creating flexible and intelligent transportation systems.
Artificial intelligence techniques such as machine learning (ML) have been used
with IoT, specifically RFID, to assist organizations in optimizing their
remanufacturing processes, gain insightful knowledge relating to the market, and
to establish adequate manufacturing strategies. Data mining can also be used in
IoT-based reverse logistics systems to uncover hidden patterns in IoT data and
generate more accurate predictions about backflow data, thereby boosting reverse
logistics initiatives. The inclusion of "food safety" in this cluster indicates that
reverse logistics can benefit from IoT to enhance the forecasting precision and
inventory management of food products due to transparency and reduced
uncertainties related to customer returns and recalls . However, the literature
discussing this topic is relatively scant, which illustrates the need to elucidate
the potentials of IoT for food reverse logistics in more detail. In general, scholars
should scrutinize the possibilities of IoT in various reverse logistics activities like
recycling, waste disposal, and redistribution of products. The drivers and barriers
of IoT adoption in the context of reverse logistics need to be examined so that
managers can formulate effective policies and strategies for the smooth
implementation of IoT in their reverse logistics designs and operations.
6. IoT for retail and other industrial sectors
The last cluster is labeled as IoT for the retail supply chain and other industrial
sectors. It details how IoT functions as a catalyst involving different technologies
for empowering the retail industry, as well as other industrial sectors such as construction and the pharmaceutical industry. The retail sector is at the forefront of
picking up IoT to mitigate the issues posed by its current business practices. The
literature highlighting the enablers of IoT in this industry is well-established. For
example, Shin and Eksioglu and Shin and Eksioglu claim that two main
implications of RFID technology in the retail industry are operational efficiency
and cost savings. Assert that IoT is one of the major drivers of developing
retail 4.0 supply chains, which are data-driven and have the ability to provide
superior products and enhance the consumer shopping experience. For instance,
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the incorporation of RFID technology increases operational performance and
flexibility in retailing activities because RFID tags offer higher data storage
capacity, resiliency, and durability than bar- codes in a harsh retail environment.
Moreover, the additional benefits of IoT adoption in retail supply chains include
visibility, adaption, and reduced operational risks and costs. Retail businesses
can further be enriched with GPS devices to support the modern concept of IoT
and optimize intra- and inter-organizational processes.
Apart from retailing, IoT benefits the construction industry in that it enables
the tracking of materials and equipment and reduce construction waste. In this
context, suggest IoT-enabled multidimensional building information modeling
(BIM) using RFID to leverage timely captured data from smart construction
objects to make well-informed decisions. Wang et al.
Argue that IoT-based
real-time shop floor material management can be useful for solving is- sues
encountered during the development of panelized construction such as data
inconsistency, information delays, and lack
of
accurate
process
waste
measurements, thus helping to advance the smart construction management
approach. For the pharmaceutical industry, IoT can be used to avoid loss of highvalue shipments, spot counterfeit items, increase the visibility of drug flows, and
ensure the proper handling of drugs. Although several studies have already been
devoted to investigating the role of IoT in these industries, there is still a lack of
research on the specific opportunities in the service industry. Empirical evidence
of the impact of IoT on customer satisfaction in the service industry is urgently
required in light of the increasing servitization of world economies. Turning
attention back to the retail industry, researchers should demonstrate how
advances in IoT can influence the familiarity and expertise of retailers and
consumers during the technology adoption process. In the context of inter- and
intra-organizational adoption of IoT, clarifying this impact is crucial in order
for organizations to reap operational gains and increase customer satisfaction.
The structural changes induced by IoT implementations in firm-supplier
relationships should therefore be examined as IoT helps firms to create in-house
capabilities, thus reducing their dependence on suppliers. By analogy, some of
these research directions apply equally well to the other industries, notably,
pharmaceuticals and construction.
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CONCLUSION:
The internship at inspire techno park has given us an in site on how the industry work at the
basic and core level, the opportunity of being in the core level of the organization has given us
the experience and made us understand the application of key industrial aspect in term of
management techniques, some of the concept that were learned in the course of internship were:
1. A holistic view and structured review of IoT in the field of SCM and logistics
2. A bibliometric analysis of IoT-related case retrieved from the company’s database.
3. seeking to gain a better understanding of IoT within SCM and logistics using the
approach of keyword frequency
4. in-depth analysis of RFID technology, its potentials, and challenges in SCM and
logistics
5. The merge of these technologies with IoT is expected to create more value for
organizations and improve their operational processes, such as tracking, product
identification, and traceability.
6. The case study during internship mainly focuses are primarily centered on three main
themes:
a. The application of RFID in SCM and logistics,
b. The convergence of IoT with Industry 4.0 technologies
c. IoT support for logistics collaboration and innovation.
7. Closely work together to improve the technical aspects of IoT devices, devise policies
and strategies for implementing IoT, and carefully plan their investments in IoT
technologies to develop more robust data-driven supply chains and smart logistics.
Abishek Vinodh S | INTERNSHIP REPORT
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