Smart Comes to Supply Chains: Giving You More Control, Less Expense
It feels like the Internet of Things (IoT) has been a long time coming to supply chains. But forget about incremental creep because one transportation sector is set to lead the charge toward the networked channel.
The big thing about any system of interrelated computing devices, of course, is its power to increase end-to-end visibility in the supply chain with the use of connected freight sensors that provide intelligence on shipping air, ground and water cargoes 24/7.
And the thing about having more visibility is that it gives you more control. That means improved efficiency and greater opportunities to minimize loss.
It’s the smart network, and it’s something that really changes the game.
The use of sensors in the supply chain to provide real-time tracking and monitoring of goods sensitive to even slight temperature changes could significantly reduce wastage and improve the bottom line.
The same applies to pharmaceuticals, where freight losses can turn out very costly – the industry loses an estimated $15 billion a year solely from temperature deviations during transportation.Source: ToolBox