The Internet of Things (IoT) is revolutionising the way businesses operate, and when it comes to supply chain management, there is no exception. IoT technology has the potential to drastically improve supply chain operations by providing real-time data that can be used to make better decisions and optimise processes.
One of the most significant benefits of IoT in supply chain management is improved visibility. By connecting devices throughout the supply chain, businesses can gain a more comprehensive view of their operations. This allows them to identify potential supply chain issues before they become a bigger problem, and they can make changes to ensure good quality products are being delivered.
In addition, IoT technology can be used to automate processes such as inventory management and order fulfilment. This can help reduce costs and improve efficiency, resulting in a more streamlined supply chain.
The use of IoT in supply chain management is still relatively new, but it’s expected to become more widespread in the coming years. As businesses continue to embrace this technology, we can expect to see even greater improvements in supply chain operations.
Supply chain security will also be improved. All processes will be monitored from both a procedural point of view and also from a video surveillance stand point, thus preventing any tampering or issues within the manufacturing process.