Reinvent supply chain operations the IoT way
Gartner predicted that by 2020, the internet of things will add an estimated $1.9 trillion to the global economy. As such, it would only be fair to say that the world is witnessing its 4th industrial revolution, driven by the phenomenal adoption of IoT by various industries globally. Among the several business-critical processes that are impacted by this revolution, supply chain operations and their management is one such process.
IoT is revolutionizing supply chain operations in many ways. Some of these include achieving significant operational efficiency, greater operational transparency & supply chain visibility, proactive and rapid replenishment of items, predictive maintenance, prevention of consignment loss and better management of fleet.