The Internet of Things (IoT) is a network that connects objects to the digital ecosystem. The internet plays an important role in the connectivity of these objects. In a factory, the objects could be machines or equipment. IoT connects all that and enables the collection and exchange of data. Cloud, Data Analytics, and Artificial Intelligence (AI) drive the digital process. IoT has transformed various industries including Inventory Management. Some of the success factors for improving Inventory Management are given below. Efficiency through Big Data Big Data enhances supply chain management . It enables real-time operations management that leads to improved efficiency. It keeps the factory managers informed about the space in their warehouses. This helps them plan their shipments and take decisions about reducing or expanding the warehouse storage capacity. Inventory optimization can take place due to insights obtained from data analytics to ensure proper inventory management. ...