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TOP COMPANIES : SIEMENS , IBM , CISCO , ITECHART , VATES

The benefits of Internet of Things ( IoT ) devices are widespread thanks to its ability to provide real-time data on the location and condition of goods . In turn , this enhances visibility and traceability throughout the entire supply chain , bringing advantages from start to end . This leads to better inventory management and reduces losses .

Forward-looking organisations are leveraging IoT devices to transform complex supply chains into fullyconnected networks . Benefits include – but are not limited to – increased visibility , better collaboration , maximising assets , better customer service , realtime tracking of goods , forecasting accuracy , ESG compliance , inventory control , warehouse automation and paperwork management . Rafael A . Vela , a Senior Supply Chain Specialist , says IoT has emerged as a game-changer in supply chain visibility in line with the rapid advancement of technology . Examining its benefits , challenges and potential for future growth , he says IoT is “ revolutionising the way businesses handle logistics and operations ”.

He adds : “ Incorporating IoT into supply chain management offers numerous benefits and , as the technology continues to evolve , the IoT ’ s role in supply chain management is expected to expand , creating even more opportunities for innovation and optimisation .”

44 July 2024