A supply chain is a gateway between the production phase of a product. The connection between each step should be on point and crucial because any error can cause operations to go downhill or delay transport or logistics. That can end up drastic as it will cause quite an expense and result in poor profit. In the IoT supply chain, information sharing occurs with a network of sensors. read more: https://turboanchor.com/how-iot-can-help-in-supply-chain/

2. How IoT devices change supply chain management?
With IoT devices (sensors), you can track and monitor each product, inventory,
shipment, and machine condition. For a clear picture, placing an IoT sensor within
your product can help your business track the location and condition of items as
they are being transported. Such information allows enterprises to calculate when
shipments will get delivered and prevent issues related to shipments arriving with
damaged items.
Another scenario where you can use IoT sensors includes machines. The bigger
the industry is, the more extensive the workload is. Therefore, it is crucial to check
out the health of equipment and machinery. If any machines break down, it can
slow the supply chain. So by installing IoT sensors in equipment and machinery,
you can monitor performance and help predict the breakdown of any necessary
details like maintenance issues.

3. Benefits Of IoT In Supply Chain

4. How IoT is Transforming the Agriculture Supply chain?
As the population is stacking up day by day, there might be a point where we face
overpopulation. So in order to confront such adversity head-on, you have to opt for
IoT smart farming or greenhouse technology. The IoT-enabled smart technology
uses sensors and gateways to collect and analyze data. IoT smart farming
observes the crop field with the help of sensors for light, humidity, temperature,
soil moisture, and crop health and automates the irrigation system. The farmers
can monitor the field situations from anywhere. It’s comparatively a better option
than manual labor as it’s pretty stressful and expensive (labor cost).

5. Solving Supply Chain Problems With Asset management
Asset management is all about keeping track of your company’s assets (physical
assets like tools, automobiles, or IT devices) and information. Speaking of
managing or tracking assets, most companies still stick to the old-school ways of
manually managing assets either by writing them down or on Excel sheets.
Instead, these methods are considerably less reliable because they are vulnerable
to errors and considered quite hectic for asset managers assigned to keep an
update of these records.
While on the other hand, most companies have shifted toward using dedicated
asset management solutions to create a smooth flow of functions, letting all
employees access and update assets’ data efficiently. This solution means
tagging company assets with asset tags like QR codes, Barcodes, or NFC tags.

6. Will A.I take over Supply chain management?
As the industries are advancing from time to time, technology is also changing,
and vice versa, the workload is also stacking up. Advanced technology like A.I are
proving to be more effective in managing the supply chain as compared to hiring
extra employees or laborers to do a task. A.I is proving to be faster and more
reliable in the case of decision making, performing large calculations, product
predictions, and other supply chain activities.

7. THANK YOU