When it comes to the Internet of Things (IoT), much of the news is about smart ovens and connected washing machines. But the IoT is also a promising tool to monitor the flow of components and finished goods as they snake through supply chains.
For manufacturers, digital connectivity between the internet and sensors attached to goods and equipment can provide data on inventory, including where components are in the delivery process. Inventory management could become a machine-to-machine transaction, based on shop-floor data. For logistics firms, real-time data streams from in-transit items, vehicles and drivers will help boost service and efficiency by connecting trucks with return loads, for instance. The result: Faster, more accurate decisions all along the supply chains, potentially changing how warehousing and logistics are set up and accomplished