Inventory management is vital in the industry because it allows
manufacturers and wholesalers to efficiently store and manage information in the
warehouse. Warehouse management provides the facility to control functions such as
storing newly shipped products in available locations and tracking inventory
information and product distribution for shipping. These complex processes in the
warehouse management system require manufacturers and wholesalers to ensure that
the warehouse operation is running smoothly and efficiently. The use of the Internet of
Things (IoT) for automating industrial and household processes has been increasing
rapidly in the last few years. This research focuses on IoT for tracking and monitoring
inventory, providing an automated and efficient system for manufacturers and
wholesalers. A comprehensive discussion has been conducted on IoT application layers
and recommended sensors for inventory tracking and monitoring systems. This
research also emphasizes applying IoT in inventory, logistics, and warehousing
operations. Researchers have proposed an IoT-based system specifically designed to
cater to the shortcomings of the existing inventory management systems.
Keywords: Internet of Things (IoT), Inventory Management, Inventory Tracking and Monitoring, Warehouse Management.