The Internet of Things (IoT) is rapidly changing numerous industries. While there is a lot of technical jargon used to explain how the Internet of Things works, Forbes describes it as “the concept of basically connecting any device with an on and off switch to the Internet (and/or to each other)” and states that “the IoT is a giant network of connected ‘things’ (which also includes people).” These relationships allow for the relationships between people, things and organizations to communicate more efficiently. With the endless possibilities surrounding what the IoT can do, it is no wonder many industries are adopting it as the new “must have” technology.
The logistics and supply chain industry relies on efficiency and productivity. This is partly because a lack of visibility can bring about substantial unexpected costs and risks. Thanks to the IoT, organizations can provide solutions that are specifically designed for their processes and can connect all of their devices and communication methods across a cloud network, thus improving real time visibility the easier sharing of critical data. When time, flexibility, and transparency are of the utmost importance, these changes allow for logistics organizations to provide innovative, customized solutions and decrease risk and hidden costs.
The asset intelligence that the IoT delivers improves the visibility and the supply and demand process used by supply chains. The IoT offers real-time data into warehouse operations, e-commerce, equipment updates and inventory. The increased awareness and access of this data can allow for logistics organizations to ensure that the mission-critical data is being shared and that the supply chain process is as efficient as possible, thus increasing profits and decreasing the delivery time.
Additionally, IoT creates the ability for the logistics organizations to be proactive rather than reactive. This change helps organizations stay proactive due to the instant access to information as things happen and to make the necessary changes immediately. By increasing awareness and improving communication, decisions that drive productivity and decrease downtime can be offered to reduce costs.
Imagine knowing about construction or a traffic jam before your truck driver takes that route or knowing a product is low as soon as the supply starts to deplete. IoT delivers a level of simplicity and reliability to the supply chain that used to be a figment of the imagination.
At TOC Logistics, we believe in utilizing the best tools to create the best industry practices to better serve our clients. It is thanks to the IoT and its cloud network that we are able to decrease downtime, create completely customized routes, and provide the highest levels of visibility to everyone involved in our process. Our use of the IoT is one of the many ways we provide efficiency gains, saving you time and money.