Integration of Technology for Advancement in Supply Chain Management S.V.Katkar 1 , S.K.Kharade 2 , K.G.Kharade 3 , R.K.Kamat 4 Assistant Professor 1,2,3 , Professor 4 Department of Computer Science, Shivaji University, Kolhapur, Maharashtra 1,3 Department of Mathematics, Shivaji University, Kolhapur, Maharashtra 2 Department of Electronics, Shivaji University, Kolhapur, Maharashtra 4 Mobile: 8805048800 1 ,90675655191 2 , 8055801285 3 , 9028001068 4 Email: smita6121988@gmail.com 1 , shraddha.k.kharade@gmail.com 2 , kabirkharade@gmail.com 3 , rkk_eln@unishivaji.ac.in 4 Abstract: In recent years, companies have found it difficult to effectively and profitably compete without creating strategic partnerships and mutually beneficial partnerships inside and outside their enterprises. Supply Chain Management is a technique of improving the business processes, making them more resilient, more flexible, and as a result, more competitive. Due to the dynamic interaction of various processes, actions, and systems, the complexity of real supply chains has developed dramatically over the last two decades, whose understanding is essential for obtaining a competitive advantage in the marketplace. Over the previous decade, Supply Chain Management (SCM) has been extensively researched in various application domains. Considerable uncertainty persists as to its significance, considering the prevalence of SCM research and applications. There are many attempts to describe SCM made by researchers and practitioners adequately. Keywords: IoT, Supply Chain, SCM components, Sustainability, Service Industry I. INTRODUCTION A supply chain management deals with the conversion into finished goods of raw materials and the prompt distribution of the items for final use. The supply chain for organizational companies has become an essential focus of competitive advantage [9]. Supply chain analysis management emphasizes how to optimize the organization's total benefit by better using and deploying capital around the company as a whole. A supply chain is the collection of values that connect the business's suppliers and its customers by adding activities [4]. In a dynamic market climate, supplier selection is one of the most critical manufacturing companies' problems. The cost of raw materials constitutes a large portion of the product's final price, and the selection of suitable suppliers significantly decreases the buying costs of manufacturing companies[12].In practice, businesses focused on the supply chain have used numerous performance management instruments to support their supply chain strategies. Monitoring and optimizing a supply chain's efficiency has become an increasingly complex activity. Many management processes, such as determining steps, establishing goals, preparation, communication, tracking, reporting, and feedback, are included in a dynamic performance management framework [2]. In numerous organizations, supply chain management has become more critical. It processes the raw material or components and produces the product, and provides customers with the product. Supply chain management requires numerous elements that are useful for enhancing the efficacy of supply chain management. Over the last twenty years, manufacturers' and retailers' supply chains have become ever more closely linked [14]. For manufacturers in many industries, retail sales cause replenishment orders. Producers with a well-tuned, just-in-time supply chain will