A comparative study of IoT and blockchain-based inventory management: impact on EOQ and total cost through information sharing

Autores:
Jain, Prerna
Tipo de recurso:
Article of journal
Fecha de publicación:
2026
Institución:
Universidad Pedagógica y Tecnológica de Colombia
Repositorio:
RiUPTC: Repositorio Institucional UPTC
Idioma:
eng
OAI Identifier:
oai:repositorio.uptc.edu.co:001/22440
Acceso en línea:
https://doi.org/10.19053/uptc.01211048.19022
Palabra clave:
IoT-based inventory management
blockchain-enabled supply chain
economic order quantity (EOQ)
total cost (TC) optimization
sensitivity analysis
gestión de inventarios basada en IoT
cadena de suministro habilitada por blockchain
cantidad económica de pedido (EOQ)
optimización del costo total (TC)
análisis de sensibilidad
Rights
openAccess
License
Revista Inquietud Empresarial - 2026
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repository_id_str
dc.title.spa.fl_str_mv A comparative study of IoT and blockchain-based inventory management: impact on EOQ and total cost through information sharing
title A comparative study of IoT and blockchain-based inventory management: impact on EOQ and total cost through information sharing
spellingShingle A comparative study of IoT and blockchain-based inventory management: impact on EOQ and total cost through information sharing
IoT-based inventory management
blockchain-enabled supply chain
economic order quantity (EOQ)
total cost (TC) optimization
sensitivity analysis
gestión de inventarios basada en IoT
cadena de suministro habilitada por blockchain
cantidad económica de pedido (EOQ)
optimización del costo total (TC)
análisis de sensibilidad
title_short A comparative study of IoT and blockchain-based inventory management: impact on EOQ and total cost through information sharing
title_full A comparative study of IoT and blockchain-based inventory management: impact on EOQ and total cost through information sharing
title_fullStr A comparative study of IoT and blockchain-based inventory management: impact on EOQ and total cost through information sharing
title_full_unstemmed A comparative study of IoT and blockchain-based inventory management: impact on EOQ and total cost through information sharing
title_sort A comparative study of IoT and blockchain-based inventory management: impact on EOQ and total cost through information sharing
dc.creator.fl_str_mv Jain, Prerna
dc.contributor.author.eng.fl_str_mv Jain, Prerna
dc.subject.none.fl_str_mv IoT-based inventory management
blockchain-enabled supply chain
economic order quantity (EOQ)
total cost (TC) optimization
sensitivity analysis
gestión de inventarios basada en IoT
cadena de suministro habilitada por blockchain
cantidad económica de pedido (EOQ)
optimización del costo total (TC)
análisis de sensibilidad
topic IoT-based inventory management
blockchain-enabled supply chain
economic order quantity (EOQ)
total cost (TC) optimization
sensitivity analysis
gestión de inventarios basada en IoT
cadena de suministro habilitada por blockchain
cantidad económica de pedido (EOQ)
optimización del costo total (TC)
análisis de sensibilidad
publishDate 2026
dc.date.accessioned.none.fl_str_mv 2026-07-09 00:00:00
dc.date.available.none.fl_str_mv 2026-07-09 00:00:00
dc.date.issued.none.fl_str_mv 2026-07-09
dc.type.spa.fl_str_mv Artículo de revista
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dc.identifier.doi.none.fl_str_mv 10.19053/uptc.01211048.19022
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dc.language.iso.eng.fl_str_mv eng
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dc.relation.references.eng.fl_str_mv Al Kurdi, B., Alzoubi, H. M., Akour, I., & Alshurideh, M. T. (2022). The effect of blockchain and smart inventory system on supply chain performance: Empirical evidence from retail industry. Uncertain Supply Chain Management, 10(4), 1111–1116. https://doi.org/10.5267/j.uscm.2022.9.001 Cole, R., Stevenson, M., & Aitken, J. (2019). Blockchain technology: Implications for operations and supply chain management. Supply Chain Management: An International Journal, 24(4), 469–483. https://doi.org/10.1108/SCM-09-2018-0309 Cuellar, D., & Johnson, Z. (2022). Barriers to implementation of blockchain technology in agricultural supply chain. arXiv. https://doi.org/10.48550/ARXIV.2212.03302 Hübschke, M., Buss, E., Holschbach, E., & Lier, S. (2025). Blockchain in supply chain management: A comprehensive review of success measurement methods. Management Review Quarterly. https://doi.org/10.1007/s11301-025-00546-0 Jain, M., & Kumar, I. (2024). Cost analysis of fuzzy discrete (s, S) queueing inventory system with positive lead time and optimization using genetic algorithm. Inquietud Empresarial, 24(2), 1–22. https://doi.org/10.19053/uptc.01211048.17893 Jain, P., & Mishra, N. K. (2024). Enhancing supply chain efficiency with blockchain: Addressing information sensitivity for increased manufacturer profitability. IFAC-PapersOnLine, 58(19), 688–693. https://doi.org/10.1016/j.ifacol.2024.09.220 Jayaraman, R., Salah, K., & King, N. (2019). Improving opportunities in healthcare supply chain processes via the Internet of Things and blockchain technology. International Journal of Healthcare Information Systems and Informatics, 14(2), 49–65. https://doi.org/10.4018/IJHISI.2019040104 Khan, A. A., Laghari, A. A., Li, P., Dootio, M. A., & Karim, S. (2023). The collaborative role of blockchain, artificial intelligence, and industrial internet of things in digitalization of small and medium-size enterprises. Scientific Reports, 13, 1656. https://doi.org/10.1038/s41598-023-28707-9 Khanna, A., & Tomar, R. (2016). IoT based interactive shopping ecosystem. In 2016 2nd International Conference on Next Generation Computing Technologies (NGCT) (pp. 40–45). IEEE. https://doi.org/10.1109/NGCT.2016.7877387 Kshetri, N. (2021). Blockchain and sustainable supply chain management in developing countries. International Journal of Information Management, 60, 102376. https://doi.org/10.1016/j.ijinfomgt.2021.102376 Maheshwari, P., Kamble, S., Pundir, A., Belhadi, A., Ndubisi, N. O., & Tiwari, S. (2021). Internet of things for perishable inventory management systems: An application and managerial insights for micro, small and medium enterprises. Annals of Operations Research. 350(2), 395–423 https://doi.org/10.1007/s10479-021-04277-9 Mircea, M., Stoica, M., & Ghilic-Micu, B. (2022). Analysis of the impact of blockchain and Internet of Things (BIoT) on public procurement. IEEE Access, 10, 63353–63374. https://doi.org/10.1109/ACCESS.2022.3182656 Mishra, N. K., Jain, P., & Ranu. (2024). Blockchain-enhanced inventory management in decentralized supply chains for finite planning horizons. Journal Européen Des Systèmes Automatisés, 57(1), 263–272. https://doi.org/10.18280/jesa.570125 Nanda, S. K., Panda, S. K., & Dash, M. (2023). Medical supply chain integrated with blockchain and IoT to track the logistics of medical products. Multimedia Tools and Applications, 82(21), 32917–32939. https://doi.org/10.1007/s11042-023-14846-8 Nuttah, M. M., Roma, P., Lo Nigro, G., & Perrone, G. (2023). Understanding blockchain applications in Industry 4.0: From information technology to manufacturing and operations management. Journal of Industrial Information Integration, 33. https://doi.org/10.1016/j.jii.2023.100456 Olufemi-Phillips, A. Q., Ofodile, O. C., Toromade, A. S., Eyo-Udo, N. L., & Adewale, T. T. (2024). Optimizing FMCG supply chain management with IoT and cloud computing integration. International Journal of Management & Entrepreneurship Research, 6(11), 3685–3722. https://doi.org/10.51594/ijmer.v6i11.1689 Oriekhoe, O. I., Ashiwaju, B. I., Ihemereze, K. C., Ikwue, U., & Udeh, C. A. (2024). Blockchain technology in supply chain management: A comprehensive review. International Journal of Management & Entrepreneurship Research, 6(1), 150–166. https://doi.org/10.51594/ijmer.v6i1.714 Purwaningsih, E., Muslikh, Suhaeri, & Basrowi. (2024). Utilizing blockchain technology in enhancing supply chain efficiency and export performance, and its implications on the financial performance of SMEs. Uncertain Supply Chain Management. https://doi.org/10.5267/j.uscm.2023.9.001 Putra, G. D., Malik, S., Dedeoglu, V., Kanhere, S. S., & Jurdak, R. (2022). Trust and reputation management for blockchain-enabled IoT (Version 1). arXiv. https://doi.org/10.48550/ARXIV.2212.04658 Rejeb, A., Keogh, J. G., & Treiblmaier, H. (2019). Leveraging the Internet of Things and blockchain technology in supply chain management. Future Internet, 11(7), 161. https://doi.org/10.3390/fi11070161 Rejeb, A., Keogh, J. G., Zailani, S., Treiblmaier, H., & Rejeb, K. (2020). Blockchain technology in the food industry: A review of potentials, challenges and future research directions. Logistics, 4(4), 27. https://doi.org/10.3390/logistics4040027 Sharma, V., & Gandhi, M. K. (2021). Internet of Things (IoT) on e-commerce logistics: A review. Journal of Physics: Conference Series, 1964(6), 062113. https://doi.org/10.1088/1742-6596/1964/6/062113 Tsolakis, N., Niedenzu, D., Simonetto, M., Dora, M., & Kumar, M. (2020). Supply network design to address United Nations Sustainable Development Goals: A case study of blockchain implementation in Thai fish industry. Journal of Business Research, 131, 495–519. https://doi.org/10.1016/j.jbusres.2020.08.003 Udeh, E. O., Amajuoyi, P., Adeusi, K. B., & Scott, A. O. (2024). The role of IoT in boosting supply chain transparency and efficiency. Magna Scientia Advanced Research and Reviews, 11(1), 178–197. https://doi.org/10.30574/msarr.2024.11.1.0081 Voulgaris, S., Fotiou, N., Siris, V. A., Polyzos, G. C., Jaatinen, M., & Oikonomidis, Y. (2019). Blockchain technology for intelligent environments. Future Internet, 11(10), 213. https://doi.org/10.3390/fi11100213 Zhao, G., Liu, S., Lopez, C., Lu, H., Elgueta, S., Chen, H., & Boshkoska, B. M. (2019). Blockchain technology in agri-food value chain management: A synthesis of applications, challenges and future research directions. Computers in Industry, 109, 83–99. https://doi.org/10.1016/j.compind.2019.04.002
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dc.relation.ispartofjournal.eng.fl_str_mv Inquietud Empresarial
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spelling Jain, Prerna2026-07-09 00:00:002026-07-09 00:00:002026-07-090121-104810.19053/uptc.01211048.190222422-3220https://doi.org/10.19053/uptc.01211048.19022application/pdfengUnidad Editorial UPTCRevista Inquietud Empresarial - 2026https://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccessThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.http://purl.org/coar/access_right/c_abf2https://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/view/19022IoT-based inventory managementblockchain-enabled supply chaineconomic order quantity (EOQ)total cost (TC) optimizationsensitivity analysisgestión de inventarios basada en IoTcadena de suministro habilitada por blockchaincantidad económica de pedido (EOQ)optimización del costo total (TC)análisis de sensibilidadA comparative study of IoT and blockchain-based inventory management: impact on EOQ and total cost through information sharingArtículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1info:eu-repo/semantics/articleJournal articleinfo:eu-repo/semantics/publishedVersionTexthttp://purl.org/coar/version/c_970fb48d4fbd8a85Al Kurdi, B., Alzoubi, H. M., Akour, I., & Alshurideh, M. T. (2022). The effect of blockchain and smart inventory system on supply chain performance: Empirical evidence from retail industry. Uncertain Supply Chain Management, 10(4), 1111–1116. https://doi.org/10.5267/j.uscm.2022.9.001 Cole, R., Stevenson, M., & Aitken, J. (2019). Blockchain technology: Implications for operations and supply chain management. Supply Chain Management: An International Journal, 24(4), 469–483. https://doi.org/10.1108/SCM-09-2018-0309 Cuellar, D., & Johnson, Z. (2022). Barriers to implementation of blockchain technology in agricultural supply chain. arXiv. https://doi.org/10.48550/ARXIV.2212.03302 Hübschke, M., Buss, E., Holschbach, E., & Lier, S. (2025). Blockchain in supply chain management: A comprehensive review of success measurement methods. Management Review Quarterly. https://doi.org/10.1007/s11301-025-00546-0 Jain, M., & Kumar, I. (2024). Cost analysis of fuzzy discrete (s, S) queueing inventory system with positive lead time and optimization using genetic algorithm. Inquietud Empresarial, 24(2), 1–22. https://doi.org/10.19053/uptc.01211048.17893 Jain, P., & Mishra, N. K. (2024). Enhancing supply chain efficiency with blockchain: Addressing information sensitivity for increased manufacturer profitability. IFAC-PapersOnLine, 58(19), 688–693. https://doi.org/10.1016/j.ifacol.2024.09.220 Jayaraman, R., Salah, K., & King, N. (2019). Improving opportunities in healthcare supply chain processes via the Internet of Things and blockchain technology. International Journal of Healthcare Information Systems and Informatics, 14(2), 49–65. https://doi.org/10.4018/IJHISI.2019040104 Khan, A. A., Laghari, A. A., Li, P., Dootio, M. A., & Karim, S. (2023). The collaborative role of blockchain, artificial intelligence, and industrial internet of things in digitalization of small and medium-size enterprises. Scientific Reports, 13, 1656. https://doi.org/10.1038/s41598-023-28707-9 Khanna, A., & Tomar, R. (2016). IoT based interactive shopping ecosystem. In 2016 2nd International Conference on Next Generation Computing Technologies (NGCT) (pp. 40–45). IEEE. https://doi.org/10.1109/NGCT.2016.7877387 Kshetri, N. (2021). Blockchain and sustainable supply chain management in developing countries. International Journal of Information Management, 60, 102376. https://doi.org/10.1016/j.ijinfomgt.2021.102376 Maheshwari, P., Kamble, S., Pundir, A., Belhadi, A., Ndubisi, N. O., & Tiwari, S. (2021). Internet of things for perishable inventory management systems: An application and managerial insights for micro, small and medium enterprises. Annals of Operations Research. 350(2), 395–423 https://doi.org/10.1007/s10479-021-04277-9 Mircea, M., Stoica, M., & Ghilic-Micu, B. (2022). Analysis of the impact of blockchain and Internet of Things (BIoT) on public procurement. IEEE Access, 10, 63353–63374. https://doi.org/10.1109/ACCESS.2022.3182656 Mishra, N. K., Jain, P., & Ranu. (2024). Blockchain-enhanced inventory management in decentralized supply chains for finite planning horizons. Journal Européen Des Systèmes Automatisés, 57(1), 263–272. https://doi.org/10.18280/jesa.570125 Nanda, S. K., Panda, S. K., & Dash, M. (2023). Medical supply chain integrated with blockchain and IoT to track the logistics of medical products. Multimedia Tools and Applications, 82(21), 32917–32939. https://doi.org/10.1007/s11042-023-14846-8 Nuttah, M. M., Roma, P., Lo Nigro, G., & Perrone, G. (2023). Understanding blockchain applications in Industry 4.0: From information technology to manufacturing and operations management. Journal of Industrial Information Integration, 33. https://doi.org/10.1016/j.jii.2023.100456 Olufemi-Phillips, A. Q., Ofodile, O. C., Toromade, A. S., Eyo-Udo, N. L., & Adewale, T. T. (2024). Optimizing FMCG supply chain management with IoT and cloud computing integration. International Journal of Management & Entrepreneurship Research, 6(11), 3685–3722. https://doi.org/10.51594/ijmer.v6i11.1689 Oriekhoe, O. I., Ashiwaju, B. I., Ihemereze, K. C., Ikwue, U., & Udeh, C. A. (2024). Blockchain technology in supply chain management: A comprehensive review. International Journal of Management & Entrepreneurship Research, 6(1), 150–166. https://doi.org/10.51594/ijmer.v6i1.714 Purwaningsih, E., Muslikh, Suhaeri, & Basrowi. (2024). Utilizing blockchain technology in enhancing supply chain efficiency and export performance, and its implications on the financial performance of SMEs. Uncertain Supply Chain Management. https://doi.org/10.5267/j.uscm.2023.9.001 Putra, G. D., Malik, S., Dedeoglu, V., Kanhere, S. S., & Jurdak, R. (2022). Trust and reputation management for blockchain-enabled IoT (Version 1). arXiv. https://doi.org/10.48550/ARXIV.2212.04658 Rejeb, A., Keogh, J. G., & Treiblmaier, H. (2019). Leveraging the Internet of Things and blockchain technology in supply chain management. Future Internet, 11(7), 161. https://doi.org/10.3390/fi11070161 Rejeb, A., Keogh, J. G., Zailani, S., Treiblmaier, H., & Rejeb, K. (2020). Blockchain technology in the food industry: A review of potentials, challenges and future research directions. Logistics, 4(4), 27. https://doi.org/10.3390/logistics4040027 Sharma, V., & Gandhi, M. K. (2021). Internet of Things (IoT) on e-commerce logistics: A review. Journal of Physics: Conference Series, 1964(6), 062113. https://doi.org/10.1088/1742-6596/1964/6/062113 Tsolakis, N., Niedenzu, D., Simonetto, M., Dora, M., & Kumar, M. (2020). Supply network design to address United Nations Sustainable Development Goals: A case study of blockchain implementation in Thai fish industry. Journal of Business Research, 131, 495–519. https://doi.org/10.1016/j.jbusres.2020.08.003 Udeh, E. O., Amajuoyi, P., Adeusi, K. B., & Scott, A. O. (2024). The role of IoT in boosting supply chain transparency and efficiency. Magna Scientia Advanced Research and Reviews, 11(1), 178–197. https://doi.org/10.30574/msarr.2024.11.1.0081 Voulgaris, S., Fotiou, N., Siris, V. A., Polyzos, G. C., Jaatinen, M., & Oikonomidis, Y. (2019). Blockchain technology for intelligent environments. Future Internet, 11(10), 213. https://doi.org/10.3390/fi11100213 Zhao, G., Liu, S., Lopez, C., Lu, H., Elgueta, S., Chen, H., & Boshkoska, B. M. (2019). Blockchain technology in agri-food value chain management: A synthesis of applications, challenges and future research directions. Computers in Industry, 109, 83–99. https://doi.org/10.1016/j.compind.2019.04.002152126Inquietud Empresarialhttps://revistas.uptc.edu.co/index.php/inquietud_empresarial/article/download/19022/17241Núm. 2 , Año 2026 : Inquietud Empresarial 26(2) Julio-DiciembrePublicationOREORE.xmltext/xml2620https://repositorio.uptc.edu.co/bitstreams/abfe0807-4e0a-44cb-b86e-eb4e77932a74/download4ff63e338f322c502dd5bed727663c6cMD51falseAnonymousREAD001/22440oai:repositorio.uptc.edu.co:001/224402026-10-31 03:30:15.107https://creativecommons.org/licenses/by-nc-nd/4.0/metadata.onlyhttps://repositorio.uptc.edu.coRepositorio Institucional UPTCbdigital@metabiblioteca.com

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