How IoT is Revolutionizing Logistics and Supply Chain | Benefits, Use Cases & Challenges

How IoT is Revolutionizing Logistics and Supply Chain | Benefits, Use Cases & Challenges

Iot In Logistics and Supply Chain 

Global supply chain systems are undergoing unprecedented change and difficulty, demanding the use of Industry 4.0 technologies to assess the situation and offer solutions. The most well-known of these options is the Internet of Things (IoT) technology, which benefits the supply chain sector in a number of ways. By linking various devices to IoT device platforms and tools, this visibility is centrally managed and real-time insights are delivered where they are most required.

IOT In logistics 

Uses for the Internet of Things can be found throughout the supply chain management process. Here are some few illustrations:

Logistics managers can affix networked IoT sensors on goods or storage containers to track the location of those items in real time.

IoT devices transmit location data that the GPS satellites receive. It facilitates tracking the movement of shipments and items.

Supply chain management can more accurately predict their arrival time thanks to it. They can achieve this by monitoring the shipment's movement's speed and the amount of traffic that is obstructing it.

Benefits of IOT in Logistics

Here are some advantages of Iot in logistics:

  1. Increased Visibility

 It extends from manufacturing to retail and is present throughout the whole supply chain. IoT devices are used by raw material suppliers to collect information on the variables affecting the timely and high-quality availability of deliverables. Examples include keeping an eye on livestock health for farming, logging activities for forestry, and crop health for agriculture. 

  1. Improved Team Collaboration

Complicated value chains sometimes separate into a number of data silos. As teams use different sources of information and are not communicating effectively, supply chain bottlenecks develop. This is particularly true for businesses that use outdated systems with little to no data analytic capabilities. IoT-based solutions break down data silos by utilising cloud & data technology solutions, providing one truthful version to all teams along the value chain.

  1. Maximising Asset Utilisation

IoT provides the critical connectivity that supply chain and logistics managers need to optimise their fleets. In order to boost delivery rates, they can create more intelligent routes, spot delayed assets, track asset efficiency, and fine-tune operations. Predictive analytics are made possible by additional Machine Learning (ML) and AI-based procedures that help interpret the data supplied by IoT devices. It enables improved fleet management, cargo management, vehicle monitoring, and operations that respect the environment.

  1. Better Customer Experience

 When supply chains run efficiently, managers are able to match the demands of their final customers in terms of delivery speed and quality. It improves client experience, which promotes business expansion. They can also track shipments and goods in real-time and provide an exact delivery time estimate. Early detection of delivery problems allows them to make necessary adjustments.

  1. Improved Inventory Management

Tracking and controlling inventory is a crucial part of warehouse and supply chain management. IoT devices gather and evaluate inventory positions and stock levels for improved management. IoT-enabled inventory tracking solutions give distribution and transportation companies, as well as supply chain managers, precise data.

Applications of IOT in Logistics

Industry leaders have already integrated IoT with fundamental supply chain and logistics procedures. Here are just few notable business uses to consider:

  1. Smart Warehouse: To carry out routine tasks like labelling, rearranging racks, and other things, an intellectual skill uses machines and computers. It had previously been done by humans.

    All of Amazon's errand-running and heavy-lifting activities are handled by robots. To make it easier for robots to navigate, the warehouse floor has QR codes embedded in it.

    While working alongside the robots, humans concentrate on jobs that call for dexterity and problem-solving.
    Automation made possible by IoT has allowed Amazon to store 50% more inventory and retrieve it 3x faster. Also, the cost of fulfilment is cut by 40%.
  1. RCM (Remote Container Management) technology enables monitoring of the temperature and humidity within refrigerated containers as well as their present position. Whenever on board the ship and while in transit, it displays the status of the power connection.

    Maersk, a leading Danish logistics and shipping business, uses remote container management to cut down on resource waste and to minimise deterioration of perishable cargo.
    It keeps an eye on the weather and other environmental factors to improve planning and transportation.
  1. Predictive maintenance solutions : By utilising sensors, AI, and data science, the predictive maintenance solution helps to optimise equipment maintenance. As a result, it maximises uptime while minimising minor maintenance expenses.

    Volvo Group uses a preventive maintenance programme called Fluid Monitoring for their engine facility in Lyon, France.
    It keeps an eye on the Group Truck Operators (GTO) factory's five engine test cells.

    Before anything goes wrong, the system warns the maintenance crew. As a result, they were able to keep the engine tests going. They get to save a tonne of time and money.

How can Bellcorp Studio help? 

The Internet of Things (IoT) ecosystem is made up of internet devices that make use of embedded technologies, such as processors, sensors, and communication gear, to gather, send, and act on the data they get from their surroundings. By linking to an Iot network or other edge device, which either sends data to the cloud for analysis or analyses it locally, IoT devices exchange the sensor data they collect. Although individuals can engage with the devices to build them up, offer them instructions, or retrieve the data, the gadgets accomplish the majority of the job without their help.

Improving operational efficiency depends on understanding the advantages of digital transition and the need for IoT. Yet, it's equally crucial to get qualified individuals from a logistical software company to integrate IoT solutions.

If you'd like to learn much more about possible uses of the Internet of Things, employ IoT technology, or get help building an IoT-based system, the bellcorp studio can be of great help.

Final Remarks  

So, it must have been clear to you by now that Applications for Internet of Things (IOT) in logistics and supply chain management are numerous, as was previously addressed. It helps precise planning, makes the communication process more transparent, and makes it easier to track and monitor things. Companies have already begun to see how the Internet of Things may improve their supply chains' maturity and visibility. There will be greater and quicker implementation as IoT technology develops.

Also, both small and large businesses should seriously consider engaging in an IoT-based platform. The fact that they have a specific goal in mind for the technology is crucial, though. Recruiting a qualified team for the phase of design and development is therefore essential.

Get in Touch.

Unlock your potential with our complete software development solutions. Contact us to learn more.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Related Articles