Publication Type : Journal Article
Publisher : Bentham Science Publishers Ltd.
Source : Recent Patents on Engineering
Url : https://doi.org/10.2174/0118722121278763231211045907
Campus : Faridabad
Year : 2024
Abstract : 
Abstract:
IoT technology has revolutionized retail, giving rise to Smart Retailing Management
Systems (SRMS). This review explores IoT-based SRMS focusing on smart carts, investigating
enhancements in shopping experiences like RFID tags, dynamic inventory management, and personalization.
By comparing research and products, it evaluates SRMS in technology, cost, reliability,
security, power use, and components. The goal is to unveil SRMS’s strengths and weaknesses,
aiding retail progress.


Objective:
This study aimed to review IoT-based Smart Retailing Management Systems (SRMS)
centered on smart carts, explore IoT's role in enhancing shopping, spotlighting RFID tags, dynamic
inventory, and personalization, and evaluate SRMS via tech, cost, reliability, security, power,
and components, unveiling diverse strengths and weaknesses.


Method:
A literature search in previous works and patents was conducted. The findings to pinpoint
trends, tech shifts, and research gaps were analyzed. The real-world studies were synthesized
to discuss IoT-based SRMS progress and an inclusive view of various approaches and outcomes
was offered.


Conclusion:
IoT-based SRMS, especially in smart retail carts, elevate shopping via RFID tags,
dynamic inventory, and personalization. The comparative analysis exposes SRMS potential and
constraints, offering insights for informed retail decisions and advancement.

Cite this Research Publication : Paras Gupta, Gourav Verma, Aakash Chauhan, Neha Singh, Meghna Pandey, Kamlesh Kukreti, Alankrita Joshi, Literature Review on IoT-based Smart Retailing Management Systems in the Context of Smart Cart, Recent Patents on Engineering, Bentham Science Publishers Ltd., 2024, https://doi.org/10.2174/0118722121278763231211045907