Leveraging IoT for Inventory Management and Self-payment in the Retail Sector: An Exploration of Digital Transformation in the Malaysian Economic Landscape
摘要
This study examines the profound impact of digital advancements on the retail sector in Malaysia, particularly considering external challenges such as the COVID-19 outbreak. The article highlights the growing dominance of modern retail operators that are eclipsing traditional players, driven by changing consumer trends, urban expansion, and global retail structures. The study highlighted the integral impact of technological tools, particularly IoT, RFID, and smart shelving, on revolutionizing warehouse operations and improving customer interactions. In addition, the study highlights the growing trend toward self-payment methods and explains their advantages and acceptance factors. The proposed strategies advocate combining a legacy retail philosophy with a technology-based approach to ensure resilience and competence.