DIGITIZATION, INTERNET OF THINGS, AND SUPPLY CHAINS FROM THE ASPECT OF SMEs

Milanka Bogavac; Zoran Čekerevac

Scientific paper ID 2080 : 2021/3

DIGITIZATION, INTERNET OF THINGS, AND SUPPLY CHAINS FROM THE ASPECT OF SMEs

Milanka Bogavac, Zoran Čekerevac

The paper analyzes the business opportunities of small and medium-sized enterprises in the field of supply chains using digitalization, and the opportunities provided by Internet-of-Things (IoT) and Industrial-Internet-of-Things (IIoT). The impacts of IoT and blockchain technology on supply chains, preventive maintenance, smart metering, fixed asset tracking, and related vehicles are discussed in more detail. Special attention is paid to the potential of SMEs in this area and the risks to which SMEs are exposed. In the final part of the paper, the risks related to security and data protection are analyzed. The authors conclude that digitalization and IoT provide real opportunities for SMEs to accelerate their development and market positioning. Whether they will use these opportunities primarily depends on the leadership of the SME and its readiness for change.

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малки и средни предприятия верига на доставки дигитализация интернет на нещата индустриален интернет на нещата блокчейн.SME supply chain digitalization Internet-of-Things Industrial-Internet-of-Things blockchain.Milanka Bogavac Zoran Čekerevac

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