How Will Internet of Things (IoT) Impact Supply Chain Management?
As analysts, journalists, and business leaders continue to bat around the concept of the Internet of Things (IoT), one question that remains unanswered is exactly how will IoT impact the way supply chains are managed? Focused tightly on improving supply chain visibility, for example, companies leveraging smart sensors, cameras, software, databases/business intelligence, the Internet, and other tools in a cohesive manner could be the ones to gain the greatest edge in the quest for better supply chain management.
IoT is already evident in several places across the supply chain, writes ARC Advisory Group's Steve Banker. He points out its potential in areas like: