How IoT devices change supply chain management?
With IoT devices (sensors), you can track and monitor each product, inventory, shipment, and machine condition. For a clear picture, placing an IoT sensor within your product can help your business track the location and condition of items as they are being transported. Such information allows enterprises to calculate when shipments will get delivered and prevent issues related to shipments arriving with damaged items.
Another scenario where you can use IoT sensors includes machines. The bigger the industry is, the more extensive the workload is. Therefore, it is crucial to check out the health of equipment and machinery. If any machines break down, it can slow the supply chain. So by installing IoT sensors in equipment and machinery, you can monitor performance and help predict the breakdown of any necessary details like maintenance issues.
Benefits Of IoT In Supply Chain
How IoT is Transforming the Agriculture Supply chain?
As the population is stacking up day by day, there might be a point where we face overpopulation. So in order to confront such adversity head-on, you have to opt for IoT smart farming or greenhouse technology. The IoT-enabled smart technology uses sensors and gateways to collect and analyze data. IoT smart farming observes the crop field with the help of sensors for light, humidity, temperature, soil moisture, and crop health and automates the irrigation system. The farmers can monitor the field situations from anywhere. It’s comparatively a better option than manual labor as it’s pretty stressful and expensive (labor cost).
Solving Supply Chain Problems With Asset management
Asset management is all about keeping track of your company’s assets (physical assets like tools, automobiles, or IT devices) and information. Speaking of managing or tracking assets, most companies still stick to the old-school ways of manually managing assets either by writing them down or on Excel sheets.
Instead, these methods are considerably less reliable because they are vulnerable to errors and considered quite hectic for asset managers assigned to keep an update of these records.
While on the other hand, most companies have shifted toward using dedicated asset management solutions to create a smooth flow of functions, letting all employees access and update assets’ data efficiently. This solution means tagging company assets with asset tags like QR codes, Barcodes, or NFC tags.
Will A.I take over Supply chain management?
As the industries are advancing from time to time, technology is also changing, and vice versa, the workload is also stacking up. Advanced technology like A.I are proving to be more effective in managing the supply chain as compared to hiring extra employees or laborers to do a task. A.I is proving to be faster and more reliable in the case of decision making, performing large calculations, product predictions, and other supply chain activities.