Feasibility Analysis of Implementing Logistic Information System with Internet of Things Technology on a FMCG Company

Farizal, Abhirama Prima

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

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).

Original languageEnglish
Title of host publicationICETAS 2019 - 2019 6th IEEE International Conference on Engineering, Technologies and Applied Sciences
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9781728140827
DOIs
Publication statusPublished - Dec 2019
Event6th IEEE International Conference on Engineering, Technologies and Applied Sciences, ICETAS 2019 - Kuala Lumpur, Malaysia
Duration: 20 Dec 201921 Dec 2019

Publication series

NameICETAS 2019 - 2019 6th IEEE International Conference on Engineering, Technologies and Applied Sciences

Conference

Conference6th IEEE International Conference on Engineering, Technologies and Applied Sciences, ICETAS 2019
Country/TerritoryMalaysia
CityKuala Lumpur
Period20/12/1921/12/19

Keywords

  • economic feasibility
  • information system
  • internet of things
  • logistics

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