TY - GEN
T1 - Feasibility Analysis of Implementing Logistic Information System with Internet of Things Technology on a FMCG Company
AU - Farizal,
AU - Prima, Abhirama
N1 - Publisher Copyright:
© 2019 IEEE.
PY - 2019/12
Y1 - 2019/12
N2 - In the context of logistics management, FMCG companies generally have a large amount of transportation, products, and distributors. A large number of distributors operating separately has the potential for misinformation provided to the company. There is a need for a logistics information system to integrate information and operations in real-time to solve problems and make the right and fast decisions. The use of information technology such as Internet of things-based applications is increasingly needed for innovation in the development of logistics processes because it can speed up processes and reduce costs. However, there are risks and challenges in applying IoT technology to the system including human resources, technological capabilities and, so companies must prepare investment costs to meet the needs of implementing the new technology. An economic feasibility assessment is needed to assess whether the investment can benefit the company. This study uses the calculation of Net Present Value (NPV), Payback Period (PP), Return on Investment (RDI), and Profitability Index (PI).
AB - In the context of logistics management, FMCG companies generally have a large amount of transportation, products, and distributors. A large number of distributors operating separately has the potential for misinformation provided to the company. There is a need for a logistics information system to integrate information and operations in real-time to solve problems and make the right and fast decisions. The use of information technology such as Internet of things-based applications is increasingly needed for innovation in the development of logistics processes because it can speed up processes and reduce costs. However, there are risks and challenges in applying IoT technology to the system including human resources, technological capabilities and, so companies must prepare investment costs to meet the needs of implementing the new technology. An economic feasibility assessment is needed to assess whether the investment can benefit the company. This study uses the calculation of Net Present Value (NPV), Payback Period (PP), Return on Investment (RDI), and Profitability Index (PI).
KW - economic feasibility
KW - information system
KW - internet of things
KW - logistics
UR - http://www.scopus.com/inward/record.url?scp=85090237468&partnerID=8YFLogxK
U2 - 10.1109/ICETAS48360.2019.9117563
DO - 10.1109/ICETAS48360.2019.9117563
M3 - Conference contribution
AN - SCOPUS:85090237468
T3 - ICETAS 2019 - 2019 6th IEEE International Conference on Engineering, Technologies and Applied Sciences
BT - ICETAS 2019 - 2019 6th IEEE International Conference on Engineering, Technologies and Applied Sciences
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 6th IEEE International Conference on Engineering, Technologies and Applied Sciences, ICETAS 2019
Y2 - 20 December 2019 through 21 December 2019
ER -