Internet of Things (IoT) – We Are at the Tip of An Iceberg

IoT (Internet of Things) is a system of interconnected devices, vehicles, and other physical objects that are embedded with sensors, software, and other technologies to collect and exchange data. In the context of supply chain management, IoT can be used to track and monitor the movement of goods, inventory levels, and other logistics-related data in real-time.

One of the most important benefits of IoT in the supply chain is the ability to improve visibility and traceability. IoT devices, such as RFID tags and GPS trackers, can be used to track products and shipments as they move through the supply chain, giving companies more accurate and up-to-date information about where their products are and when they will arrive. This can help companies better plan and coordinate their operations, reduce the risk of stockouts and improve customer service.

IoT can also be used to improve efficiency and productivity. For example, IoT devices can be used to monitor the performance of equipment, such as conveyor belts and trucks, and automatically alert maintenance teams when repairs are needed. This can help reduce downtime and improve the overall reliability of the supply chain.

IoT can also be used to improve safety and security. For example, IoT devices can be used to monitor temperature and humidity levels in warehouses to ensure that products are stored in the proper conditions. IoT devices can also be used to track and monitor the movement of hazardous materials, such as chemicals and explosives, to help prevent accidents.

In summary, IoT can play an important role in supply chain management by providing real-time visibility and traceability, improving efficiency and productivity, and helping to ensure safety and security. By leveraging IoT, companies can make more informed decisions, reduce costs, and improve customer satisfaction.

Look how far we have come.

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