How Can the Internet of Things Enable Smarter Supply Chains?
Effective supply chain management relies on visibility into materials and goods throughout production and delivery. The Internet of Things (IoT) empowers organizations to achieve this visibility by creating smart supply chains. IoT-enabled supply chains optimize production and safeguard goods in transit, improving efficiency and customer service.
IoT-connected sensors close the control loop in smart supply chain management, enabling real-time asset monitoring throughout the chain. Sensors can assess numerous asset status variables, including temperature and vibration. All of those can affect raw goods and materials quality.
Sensor technology advances are making it easier for more businesses to participate in the IoT supply chain. Low-power wide-area (LPWA) networks offer IoT connectivity at a low cost.
Today’s rugged sensors can withstand adverse conditions and continue to deliver valuable data. With expanded functionality enabled by 5G networks, the IoT supply chain will become faster and more robust.
How Asset Tracking Improves Supply Chain Efficiency
Knowing the real-time status of assets in the supply chain is crucial to ensuring availability and effectiveness. Asset tracking achieves just-in-time delivery and safeguards the movement of goods and raw materials.
Optimize warehouse space by sourcing raw materials as needed rather than stockpiling them, which takes up space and adds costs. Real-time IoT supply chain insights help fine-tune warehouse management for the greatest return on investment.
Securely access inventory levels and production runs to meet demand and provide timely delivery. Smart supply chain management allows you to coordinate inventory levels and demand with production operations. This coordination eliminates shortages and overtime costs.
Monitor the health of raw materials and goods at all transit stages. Adverse conditions or insufficient staffing can affect the movement of goods. IoT supply chain management prevents these risks by providing always-on asset status tracking, allowing suppliers to adjust.
Improve the Safety of Cold Chains
Industries requiring temperature-controlled supply chains — known as cold chains — stand to benefit from IoT supply chain capabilities. IoT technologies that provide real-time data and control to prevent problems are transforming cold chains. An IoT food supply chain can deliver crucial end-to-end control to ensure safe handling and avoiding waste.
Preserve the Integrity of Perishable Shipments
Perishable goods, such as food and pharmaceuticals, pose challenges for manufacturers and distributors. Smart cold chains protect public health and eliminate waste through constant asset monitoring and alerts.
Meet Customer Requirements and Industry Regulations
Perishable goods manufacturers and distributors must meet customers’ demands and industry and government requirements. Smart cold chains help ensure perishables maintain regulatory compliance and high quality throughout logistics.
Safeguard Consumer Safety
Consumers are at the end of the perishables supply chain and need to feel confident the products they receive are safe. With a smart IoT food supply chain monitoring quality, consumers gain assurance that perishables meet their expectations.
Maintain a Competitive Edge
Telit helps supply chains solution providers and device makers upgrade existing systems or create new ones by providing:
Telit’s IoT enablement delivers effective controls at all supply chain levels to reduce costs and maintain compliance.