How IoT will change businesses
Chris Wanamaker2018-10-31T09:20:10-07:00
In today’s corporate environment, most industries are ready for the Internet of Things (IoT) in their own unique ways. Let’s take a look at these examples of utilizing IoT in various business niches that are in operation or will be implemented soon.
Improved logistics
With IoT sensors, supply chain management and order fulfillment processes improve markedly to meet customer demand. For example, sensors on delivery containers and trucks in transit give managers real-time status updates, allowing them to track their items and ensure they reach the right location at the right time.
Streamlined inventory
IoT also presents automation opportunities for businesses that need to manage and replenish their stock. When data recorded from IoT devices are tied to your enterprise resource planning (ERP) system, you can accurately monitor your inventory, analyze purchase and consumption rates of a particular product, and automatically reorder items when IoT sensors detect that supply is running low. This minimizes out-of-stock incidents and prevents excess stock build-up.
Fast payment
Given how most payments are done electronically […]
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