ERP News

How IoT is Transforming Supply Chain Management

316 0

As shipping times shrink, the supply chain becomes more important than ever.

IoT-Supply-Chain-Management

IoT Supply Chain Management

IoT Supply Chain Management-There has been a lot of writing about the Internet of Things (IoT) and how it is going to affect almost every global industry, from retail to transportation. IoT is set to revolutionize the supply chain—both in terms of its operational efficiencies and revenue opportunities—by making it transparent.

In the present day, the supply chain is not just a way to keep track of your product, but also a way to gain an edge on your competitors by building your own brand. In this article, we will look at the different areas where we will be seeing the most advancements and change with the ever-advancing Industrial IIoT.

Running Retail Stores with the IoT

Combining RFID-tagged products with closed-circuit TV cameras can monitor customer movement and behavior. The connected store can trace how shoppers move from aisle to aisle that could offer insight to buying behavior. Information on buying behavior helps retailers provide user-specific deals, planning dynamic pricing, and streamlining operations.

Combining RFID-tagged products with closed-circuit TV cameras can monitor customer movement and behavior. The connected store can trace how shoppers move from aisle to aisle that could offer insight to buying behavior. Information on buying behavior helps retailers provide user-specific deals, planning dynamic pricing, and streamlining operations.

Shopper-centric movement data can help streamline overall retail operations by making appropriate arrangement of stock and manpower.

Transport and Logistics with IoT

Retailers facing challenging logistics are implementing IoT solutions to improve traceability. Retailers can now follow goods in transit from warehouses to delivery.

Perishable items like pharmaceuticals can be constantly monitored in the warehouse for temperature, humidity, and other factors. In case of any damaged goods, documentation is provided with details the time and location of the damage and strengthens accountability. Cargotec and DHL are among the companies using IoT in logistics to monitor their operations, increasing visibility and saving costs. The technology also helps to track trucks in real-time and predict demand for certain goods in the warehouses, helping to keep up with the ever-changing face of online sales.

Read More Here

Article Credit: MD

Leave A Reply

Your email address will not be published.

*

code