IoT World 05.08.22 Benefits

8/5/22, 5:39 PM 6 Benefits That Can Transform Your Supply Chain Using IoT | IoT World
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6 Benefits That Can Transform

Your Supply Chain Using IoT
by Mazlan Abbas | Mar 16, 2022 | Applications, Internet of Things | 0 comments
Supply chain management (SCM) is the link between every production

stage of a product. Every connection must be strong because a failure
somewhere can lead to higher costs and, therefore, lower profits.
Internet of Things (IoT) is how things and data are linked, combined, and
used uniquely. This can be applied to many products and processes,
from medical devices to industrial control. It also provides an efficient
means for businesses to keep an eye on their operations in real-time.
https://iotworld.co/2022/03/6-benefits-transform-supply-chain-iot/ 1/11
The supply chain is essentially how things get from one location to
another. It can be as simple as a local store selling goods, to a warehouse
storing everything until it’s ready to be shipped out, to a shipping
container containing all the goods until they reach their final
destination, and so forth.
Here, we’ll take a look at six benefits.
6 Benefits that Can Transform Your Supply Chain

Using IoT CLICK TO TWEET
(1) Improved Inventory Tracking

Inventory is a vital part of the operations management process. A variety
of inventory systems exist to help you keep track of everything in the
inventory, but they often require manual input and hand counts to
update inventory numbers. It’s a good idea to know what you have on
the shelf as well as what’s coming in.
IoT is a relatively new concept that combines two very different

concepts. It’s asset tracking on the one hand and big data on the other.
IoT can help track everything from inventory to assets – it can help
reduce losses from theft or shrinkage, for example.
(2) Greater Transparency Through the

Supply Chain
IoT has an essential role in maintaining a transparent supply chain. We
can use it to improve efficiency and safety by sharing real-time data on
inventory and location. This helps prevent disruptions in the entire
supply chain when something goes wrong with a supplier.
Once your products are out in the open, it will be easy to track down
answers to questions about how they work, what features they have,
what you need to do to make sure they perform well in the hands of
your customers, and so on.
(3) Cold Chain Monitoring

Many companies and industries use cold chain monitoring to manage
the flow of perishables in the production process. By tracking these
flows on a moment-by-moment basis, businesses can better manage
the flow of food and protect it from spoiling. This is done through the
use of predictive and descriptive analysis.
Adding the Internet of Things (IoT) to cold chain transport systems can
help companies track interior temperatures during transport and
storage and alert company owners or supervisors if there is any variation
in the temperature of the truck or warehouse.
When it comes to transporting goods, temperature control is one of the

most critical aspects. Temperature is extremely important for food,
medicine, and other valuable cargo, but strict guidelines and regulations
need to be followed.
Notifications and actions can be lifesavers. Swift action and notifications

can save a lot of heartache and money.
(4) Saves Cost with Predictive

Maintenance
IoT can save you a lot of money by providing timely information about
when a machine should be maintained and repaired. When something
breaks in an industrial machine, it can cost you a lot of time and money,
so getting in on the IoT game will give you some peace of mind.
Sensors are a great way to monitor your facility, and they can provide
valuable information about your company’s processes. However, while
these devices may be more accurate than humans, they can
malfunction and compromise a product’s quality.
Companies should develop new tools and verification methods that

don’t rely on people.
(5) Better Fleet Management and

Control
IoT helps companies connect their vehicles and the outside world,
allowing fleet owners to track a vehicle’s location, determine fuel
consumption and give drivers real-time access to data. It also helps
companies improve driver performance and access real-time
information.
Imagine seeing how your delivery trucks are performing on a real-time

basis. Not only would it be much safer to drive, but it also helps your
company maintain a better grasp of your fleet’s overall performance.
With the right technology, you can get a complete picture of your truck
fleet on a minute-by-minute basis.
(6) Improved the Last-Mile Deliveries

The last mile in the supply chain is the final step for your product before
it reaches your customers. The last mile is the step where you ship,
service, support, sell and answer questions.
IoT might be the ultimate answer to improving last-mile delivery. With

GPS and IoT, you can create optimized routes to reduce fuel waste and
time spent stuck in traffic, thanks to real-time traffic analytics.
That same technology that helps track goods and parcels in warehouses
can also improve the delivery of packages to homes. And because the
tracking system is already established in warehouses and stores, it is
easier to implement the same technology that tracks goods for online
shopping.
Transforming the Supply Chain with IoT

The impact of IoT on supply chains is just beginning, and the next few
years will see the benefits grow in leaps and bounds.
About the Author

Dr. Mazlan Abbas is an IOT Evangelist, Thought Leader, and CEO
of FAVORIOT. He is very passionate about building a Generation IoT of
the future. And currently, his company, Favoriot, is offering a FREE IoT
platform subscription to start your IoT journey simply and rapidly. The
platform is also best for learning, teaching, building, and deploying any
IoT projects regardless the scale (small or large)
[Infographics “IoT Elevating Supply Chain Processes” – Source: BizIntellia]
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8/5/22, 5:39 PM 6 Benefits That Can Transform Your Supply Chain Using IoT | IoT World

6 Benefits That Can Transform

Supply chain management (SCM) is the link between every production

Here, we’ll take a look at six benefits.

6 Benefits that Can Transform Your Supply Chain

(1) Improved Inventory Tracking

IoT is a relatively new concept that combines two very different

(2) Greater Transparency Through the

(3) Cold Chain Monitoring

When it comes to transporting goods, temperature control is one of the

Notifications and actions can be lifesavers. Swift action and notifications

(4) Saves Cost with Predictive

Companies should develop new tools and verification methods that

(5) Better Fleet Management and

Imagine seeing how your delivery trucks are performing on a real-time

(6) Improved the Last-Mile Deliveries

IoT might be the ultimate answer to improving last-mile delivery. With

Transforming the Supply Chain with IoT

About the Author

[Infographics “IoT Elevating Supply Chain Processes” – Source: BizIntellia]

2-Days IoT Training with FAVORIOT IoT Platform

Top Posts & Pages

Start Your IoT Journey with FAVORIOT IoT Platform

How-To Build and Deploy IoT Projects

How-To Learn and Teach IoT

Dscover - Stay Connected and Stay Organised During Hajj

MyReskill IoT by FAVORIOT – Sponsored Training

Start Your IoT Journey with FAVORIOT IoT Platform

How-To Build and Deploy IoT Projects

How-To Learn and Teach IoT

Dscover – Stay Connected and Stay Organised During Hajj

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