The Internet of Things (IoT) has been revolutionizing the supply chain in ways we never thought possible. As more and more devices connect to the Internet, the possibilities for cost savings, efficiency gains, and new revenue streams increase exponentially. So what does IoT mean for logistics? Let’s take a look at three aspects where this technology can have a big impact on logistics professionals’ day-to-day operations.

Detailed Blog: What’s the Role of IoT in Logistics & Transportation Industry

What is the Internet of Things?

The Internet of Things is the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators and connectivity which enables these objects to connect and exchange data. Each thing is uniquely identifiable through its embedded computing system but is able to inter-operate within the existing Internet infrastructure.

Real-Time Tracking

You’ve probably heard of real-time shipping alerts, but do you know about real-time tracking? While it may sound like a bit of jargon, it actually describes a much more significant function. Real-Time Tracking allows your customers to monitor an item’s location at any time, even if you don’t update inventory manually or automatically. When they log into their account, they can see its current location and estimated arrival date.

Monitoring Shipments and Deliveries

Sensors, trackers and other IoT devices can add a layer of intelligent automation to shipments and deliveries. Sensors can monitor and optimize conditions for perishable goods; they can also keep an eye on load balances to make sure nothing falls off a truck, while RFID trackers can let you know where every shipment is at any given time. In addition, these devices can be integrated with cloud-based software solutions that collect data from multiple sources and analyze it with machine learning algorithms. The end result? Predictive analytics that provides insights into what will happen before it happens so you’re prepared when it does.

Improving Inventory Control

In addition to improving accuracy, blockchain can also be used to improve inventory control by ensuring goods aren’t misplaced or lost. For example, some retailers use blockchain technology to track goods through their supply chain. If a store’s products move through a few different warehouses on their way to being sold, blockchain technology can create an extra layer of accountability by providing up-to-date information on when and where goods were transported.

Monitoring Storage Control

With IoT, it is possible to monitor storage control from a different level. Apart from tracking the location and movement of stored products, IoT can also be used to track whether stock items are approaching expiry dates and information about potential issues like clogged vents. This allows you to keep a close watch on your inventory and replace or dispose of items before they become unusable. Monitor usage, improve performance and get insights into which parts of your facility require maintenance; For example, if any freezer or fridge door has been left open for too long then it might need replacing otherwise cold air will escape and cause other components to break down faster than normal resulting in expensive repairs.

Improving Supply Chain Maintenance

Deploying smart devices for supply chain maintenance is a low-cost way to address outages and improve overall network uptime. With sensors deployed throughout its systems, a business can monitor how well its equipment is performing at any given time—and, if it’s not working as expected, fix or replace it without any costly downtime.

Additional Benefit: Ensuring Continuous Supply Chain Transparency

Have you ever wondered how your packages make it to their destination? There’s a multitude of information that goes into each package shipment. By placing sensors on every shipment, IoT can help with quicker and more accurate reporting by eliminating unnecessary steps in deliveries. That also means increased safety since there are fewer hands involved in delivery tracking, which leads to reduced chances of human error or theft. Additional Benefit: Ensuring Continuous Supply Chain Transparency: Have you ever wondered how your packages make it to their destination?

How IoT in logistics can streamline deliveries

By using IoT in logistics, deliveries can be made more efficient and safer. Every time a package changes hands, there’s a chance it could get dropped or even pilfered. IoT devices can easily monitor and alert on any irregular activity—like theft or mishandling—to keep your product safe until it reaches its final destination. IoT also helps you track your packages for another reason too – to make sure you’re getting them to customers in a timely manner.

Application Of IoT in Logistics

One of IoT’s most promising applications in logistics is its role in warehousing. IoT is showing promise at streamlining operations and cutting costs, as it allows managers to track shipments in real-time, automatically re-route them and use radio-frequency identification (RFID) tags for inventory management. If you’re considering adopting IoT technology in your warehouse, it might be a good idea to consult with an IoT solution provider before making a final decision.

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Wrapping Up

As companies are becoming more and more connected, IoT can play a vital role in improving efficiency. The software solutions that accompany these technologies can significantly streamline your operations. If you’re looking to implement IoT technology into your business or simply want to learn more about how it works, contact us today.

We can help you integrate IoT into your existing logistics software solutions so that you too can take advantage of its many benefits.

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