The affordable connected sensors made possible by the internet of things seem tailor-made for supply chain management. IoT sensors are ideal for collecting and transmitting the data that companies need for numerous supply chain processes, from traceability and procurement to inventory optimization and logistics.
But has IoT lived up to its initial growth spurt and hype of a decade ago? Recent indications are that it is beginning to show clear value and positive ROI at companies that have implemented IoT in their supply chains.
In this...
The affordable connected sensors made possible by the internet of things seem tailor-made for supply chain management. IoT sensors are ideal for collecting and transmitting the data that companies need for numerous supply chain processes, from traceability and procurement to inventory optimization and logistics.
But has IoT lived up to its initial growth spurt and hype of a decade ago? Recent indications are that it is beginning to show clear value and positive ROI at companies that have implemented IoT in their supply chains.
In this episode, we examine trends in IoT in general and in supply chains, the challenges of deploying IoT, and why widely available AI is boosting IoT's practicality as a business tool.
Featuring: Subodha Kumar, Distinguished Chair and Professor of Statistics, Operations, Data Science and Information Systems, Temple University
In today's episode, we'll also cover:
- Which IoT use cases provide the quickest wins.
- Where IoT fits into the broader ecosystem of supply chain software.
- The future potential of AI-enabled IoT in supply chains.
References:
- Walmart deploys sensors to boost inventory tracking, AI efforts
- Guide to supply chain management
- Journal article co-written by Kumar on IoT in intralogistics
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