A Novel IIoT Based ERP-PLM System for MSME of Indian Market

Abstract

For a developing country, MSME (Micro, Small and Medium Enterprises) plays a very vital role in the social and economic growth of the country like India. But it faces different difficulties to the recent change in market scenario and the adaptability of the new technological innovations to boost its production quantitatively and qualitatively. As recently, the Internet of things (IoT) has a very greater impact on almost every field of our daily life cycle. This emerging technology can be used to tackle the above problem. In this paper, an ERP-PLM Entrepreneur Resource Program- Product Lifecycle Management) the system is proposed along with the new innovative technology, i.e. IoT in the industry. This proposed system enhances the sustainability and productivity of MSME in the Indian market, which leads to achieve greater profit and provide a good quality product as well.