Logistics is complex and involves the coordination of multiple elements. Today, with increasing demand for online deliveries, shorter delivery cycles, growing competition, and shrinking margins enterprises are under more pressure than ever to ensure that their logistics management is streamlined and efficient. Digitalization and the introduction of IoT technologies has allowed the industry to experience a huge increase in efficiency: optimizing processes, staying competitive with market rivals, increasing quality of service, and keeping costs under control.
With IoT, businesses are able to integrate assets within the supply chain into a single system. Data collection and tracking capabilities are providing visibility across the entire value chain to enhance and improve everything from warehouse efficiency to fleet management.
So, why invest in an IoT logistics solution and why integrate connected technology into your operations. Here’s why:
Warehouse & storage
With IoT, you can be aware of every moving part in your warehouse. Connected sensors can keep tight control over your inventory by tracking and analyzing inventory positions and stock levels across your operation. Smart shelves provide inventory information, alerting you when stocks are low, products are displaced, temperatures are unsuitable, when there is theft, etc. Additionally, wearables allow you to track employee health, location, and performance, as well as report collisions and falls, improving safety across your operation. IoT sensors can also track operating conditions of machines and other equipment, allowing for maximum productivity, as well as predictive maintenance – which reduces costs of repairs and keeps downtime to a minimum.
End-to-end product tracking
Transparency is the name of the game when you integrate IoT-technology into logistics. An IoT tracking system allows logistics managers to track any product’s movement from the warehouse to your customer’s doorstep. This establishes transparency, reduces human error (and the resulting pressure on staff), and increases customer satisfaction. Real-time delivery tracking becomes seamless and reduces headaches for everyone because you will be able to tell any customer calling to find out where their delivery is exactly where it is and when it will arrive. This also saves on time for your customer service reps, who can easily pinpoint exactly where a delivery is.
An IoT-based vehicle tracking and management system allows you to easily monitor your fleet. IoT devices provide accurate data so you can save time and money, as well as reduce downtime – and in the end that means better, and more-data driven business decisions.
- Engine performance
- Fuel consumption
- Location-based information
- Driver behavior
- Predictive maintenance
With all that data being generated and analyzed, you will be able to get a very clear picture on everything from how much time it takes to sell a given amount of product and how to optimize deliveries of that product to which vendors have better track records and which distribution centers have higher conversion rates. The result? Much better accuracy when planning operations and predicting outcomes. By moving you to data-based decision making, human error is significantly reduced. And all that automatic data collection means you not only save on manhours that would previously been spent manually collecting data, you can also collect data that would have been difficult or impossible to collect without IoT.
If you would like to learn more about the benefits of IoT in your logistics operation, please get in touch..