Tuesday, 5 December 2017

What The Internet Of Things Holds For The Future Of Your Freight Company

By Linda Thompson


In the near future, experts predict that more than 50% of all business operations will involve some element of the Internet of Things. In particular, supply chain ecosystems are expected to be revolutionized by cloud-powered IoT solutions. With more players in the logistics industry embracing technology, understanding how your Los Angeles freight company could benefit from doing so will only grow in importance.

Visibility has always presented a huge challenge for companies seeking to streamline supply chain operations. But this has all changed now, thanks to the advent of advanced monitoring technologies. These include GPS and RFID devices that can closely monitor multiple variables in real time, something that was practically impossible before the IoT came along. Integrating such smart technologies into your supply chain will see you gain a much better understanding of various business functions.

Just like apps took smartphones to the next level, IoT technology has the potential to make an already-automated supply chain much more intelligent. The technology allows data to be pushed both ways between supply chain processes to command centers, allowing the system to adjust automatically to evolving situations as a result. Overall, the Internet of Things will play a key role in supply chain automation in years to come.

As more businesses adopt supply chain IoT solutions, other companies will have no option but to follow suit. However, such technologies will only deliver positive results if they're properly implemented, which requires plenty of skill and experience. It therefore makes sense for companies to work with experienced vendors when modernizing their business processes. So take this opportunity to look for the right technology partner for your own implementation.

The Internet of Things has made it possible to connect an entire fleet to the cloud using global SIMs and RFID tags. As a result, companies gain the ability to track their vehicles and equipment from a central point, which significantly boosts efficiency in fleet management. This not only ensures packages get to their destinations faster, but managers can also use data analytics to arrange for predictive maintenance and improve asset reliability.

Improving efficiency in production lines is crucial in supply chain optimization, so it only makes sense to modernize your manufacturing processes with smart technology. This means installing sensors that will gather data in real time, allowing problems to be identified before they affect production. The insights drawn from this data could also be used for decision-making purposes, besides driving new innovations that enhance efficiency.

Fulfilling the needs of today's demanding consumers requires intelligent stock management. Fortunately, the IoT provides a solid platform through which inventory can be closely monitored to enhance accuracy and facilitate efficient restocking. The large volume of data collected in the process also comes in handy in decision-making, such as when planning what products to hold, build or purchase.

The IoT offers endless possibilities for companies to manage operations better from an efficiency standpoint. Besides, the convergence of IoT data means managers have more to work with when streamlining supply chain processes. For firms that play an active role in the logistics industry, it only makes sense to get familiar with the trend and act accordingly.




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