IoT Supply Chain Management -

IoT Supply Chain Management

The Internet of Things (IoT) can offer a number of opportunities for improving the efficiency and effectiveness of the supply chain. Here are a few examples:

Improved asset tracking: IoT devices such as GPS trackers and RFID tags can be used to track the location and condition of assets such as vehicles, containers, and packages in real-time. This can help supply chain managers optimize routes, reduce the risk of lost or damaged goods, and provide accurate delivery estimates to customers.
Enhanced inventory management: IoT sensors can be used to monitor the levels of inventory in warehouses and distribution centers. This can help supply chain managers optimize their stock levels, reduce the risk of out-of-stock situations, and improve their forecasting accuracy.
Improved temperature and humidity control: IoT sensors can be used to monitor the temperature and humidity of perishable goods during transportation. This can help supply chain managers ensure that the goods are transported under optimal conditions, reducing the risk of spoilage and increasing the shelf life of the goods.
Predictive maintenance: IoT sensors can be used to monitor the condition of vehicles and other equipment, allowing supply chain managers to predict when maintenance is needed and schedule it in advance. This can help reduce downtime and improve the efficiency of the fleet.
Increased transparency: IoT devices can generate a large amount of data that can be used to improve visibility and transparency throughout the supply chain. For example, data from GPS tracking devices can be used to monitor the progress of shipments and identify bottlenecks or delays.

Overall, the IoT can help supply chain managers improve the accuracy, efficiency, and transparency of their operations, leading to cost savings and improved customer satisfaction.

The Role of IoT & Big Data in the Supply Chain

IoT in Supply Chain Management

Internet of Things (IoT) supply chain management refers to the use of IoT technologies to manage the flow of goods, services, and information from raw materials to end customers in a supply chain. This includes tracking and monitoring the movement and storage of goods, managing logistics and transportation, and coordinating communication and information sharing among supply chain partners.

IoT technologies can be used to automate and optimize various aspects of supply chain management, including inventory management, demand forecasting, and quality control. For example, IoT sensors and devices can be used to track the location and condition of goods in transit, monitor inventory levels in warehouses and stores, and collect data on the performance and maintenance of equipment and machinery. This data can be used to improve efficiency, reduce costs, and enhance customer satisfaction.

There are also many potential benefits of using IoT in supply chain management, including increased transparency and traceability, improved risk management, and the ability to make real-time adjustments to meet changing customer needs and market conditions. However, implementing IoT in the supply chain also poses challenges, including the need to ensure data security and privacy, and to manage the integration of IoT technologies with existing systems and processes.

Applications of IoT in Supply Chain Management

IoT Supply Chain Management Quotes

“The Internet of Things (IoT) will impact supply chain in so many ways. Either learn about it, or get left behind.” ~EverythingSupplyChain.com.
“Our goal is to build the Internet of People (IoP) to find the person who has the answer you are looking for.” ~SupplyChainToday.com.
“All we are doing is looking at the time line, from the moment the customer gives us an order to the point when we collect the cash. And we are reducing the time line by reducing the non-value adding wastes.” ~ Taiichi Ohno
“If you can’t describe what you are doing as a process, you don’t know what you’re doing.” ~ W. Edwards Deming
“Imagine where your company would be if it didn’t get involved with the Internet. That image will be similar if your company doesn’t get involved with the Internet of Things (IoT). ~EverythingSupplyChain.com.
“Eighty-five percent of the reasons for failure are deficiencies in the systems and process rather than the employee. The role of management is to change the process rather than badgering individuals to do better.” ~ W. Edwards Deming
“Supply chain is in the crawling stage of using artificial intelligence. In the next 5 years AI will revolutionize supply chain in ways most people haven’t even though of yet.” ~Dave Waters
“Do your due diligence when dealing with consultants, many will promise big results but deliver little.” ~EverythingSupplyChain.com
“It is impossible to improve any process until it is standardized. If the process is shifting from here to there, then any improvement will just be one more variation that is occasionally used and mostly ignored. One must standardize, and thus stabilize the process, before continuous improvement can be made.” ~ Masaaki Imai
“If you think of standardization as the best that you know today, but which is to be improved tomorrow; you get somewhere.” ~ Henry Ford, founder Ford Motor Company
“The digital supply chain has the potential to completely change supply chain. However, do your due diligence before rushing in.” ~EverythingSupplyChain.com.