Internet of Things I oT
Internet of Things (I oT) in Supply Chain Management
Key Components of I o T
Devices/Things:
Sensors:
Connectivity through Internet:
Data Processing:
User Interface/Control
Key IoT Applications in SCM
Real-time Tracking and Monitoring of movement of goods in SC
Real-time Tracking and Monitoring of Inventory Levels at different Locations
Smart Warehousing and Automation
Real-Time Monitoring of the Environment
Route Optimization
Fleet Management and Optimization
Machines Monitoring for Predictive Maintenance
Monitoring Assets’ Utilization
Transparency and Traceability in Supply Chain
Compliance Monitoring
Real-Time Data Driven Demand Forecasting
Automatic Replenishment
Improves Delivery Times for better Customer Service & Satisfaction
Post-Sale Tracking
Goods Security Management
Risk Mitigation Management
Benefits of IoT in SCM
Increased Visibility:
Cost Reduction:.
Improved Efficiency:
Better Customer Experience
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