Geetha, K S and KALAISELVI, S (2023) An Investigation to the Importance of Industry 4.0 on Enhancing Inventory Optimization. An Investigation to the Importance of Industry 4.0 on Enhancing Inventory Optimization, 22 (10). pp. 496-502. ISSN 0044-0477

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Abstract

Industry 4.0, also known as the Fourth Industrial Revolution, is the current era of
technological advancement that is characterized by the integration of cyber-physical systems,
the Internet of Things (IoT), and cloud computing. These technologies are having a profound
impact on the way businesses operate, and inventory optimization is no exception. In the past,
inventory optimization was a largely manual process that involved collecting data from various
sources, such as sales forecasts, historical demand data, and current inventory levels. This
data was then used to develop mathematical models that could be used to determine the optimal
inventory levels. However, with the advent of Industry 4.0, inventory optimization is becoming
increasingly automated. This is due to the fact that the IoT can now collect real-time data from
a variety of sources, such as sensors, RFID tags, and machine learning algorithms. This data
can then be used to create more accurate and up-to-date models that can be used to optimize
inventory levels. As a result of these technological advancements, businesses are now able to
optimize their inventory levels more effectively than ever before

Item Type: Article
Uncontrolled Keywords: Industry 4.0, Inventory optimization, Real –Time Data, Machine Learning
Divisions: PSG College of Arts and Science > Department of Commerce
Depositing User: Dr. B Sivakumar
Date Deposited: 26 May 2026 07:46
Last Modified: 26 May 2026 07:46
URI: https://ir.psgcas.ac.in/id/eprint/2868

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