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IoT innovations like Sensor data and RFID (Radio Frequency Identification) provide information to enable real-time tracking and alerts for better decision making. This whole exercise will bolster the business as deliveries can be easily managed. What is IoT in supply chain logistics? How does it help a supply chain business?
In most cases, these companies are using blockchain as an aid to supply chain visibility and product tracing, but some have applied it as a tool to streamline transactions and speed up the flow of information, goods, and materials. It’s not that tracking and tracing tea through the supply chain is a new departure for the company.
Fitting trailers and cargo with the Internet of Things (IoT) devices can help with track-and-trace and the use of door sensors that record all door activity can provide important information if theft happens. Cargo theft is not going to decline and a proactive approach is the best tool to prevent it.
However, in reality most strategic planning exercises neither embed foresight, nor create responsive networks. Visibility Visibility refers to true understanding of the customer demand, real-time track and trace of inventory at item level, and track and trace of shipments as well as alerting when events deviate from expectations.
The most common goals of supply chain visibility include the following, but as your company completes this exercise, be sure to include quantifiable metrics: Reduce business and supply chain risk. Augment and Set Visibility Tools In Place. The first tangible step towards achieving SCV is to get the basic visibility tools in place.
To reach this point, organizations need to ensure that their people are not only trained to perform in the job but also equipped with the right tools and processes to bolster their chances of success. They invest in new technologies and data-driven processes that allow them to exercise precise control over the business.
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