From the course: Supply Chain Beyond the Basics: Leveraging Supply Chain Information Systems

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Internet of things (IoT)

Internet of things (IoT)

From the course: Supply Chain Beyond the Basics: Leveraging Supply Chain Information Systems

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Internet of things (IoT)

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- [Narrator] In today's supply chains, speed and accuracy are everything, but without visibility into what's actually happening in real time, even the best plans can fall short. That's where the internet of things, or IoT, comes in. IoT refers to a network of physical devices that are equipped with sensors and have connectivity that allows them to collect and exchange data. In the supply chain, that means trucks, containers, pallets, machines, and even individual products can transmit real-time information about their status and location. One of the most powerful applications of IoT is real-time tracking. Connected devices can monitor the movement of goods across the supply chain from factory to warehouse to final delivery. Teams can see where shipments are, how fast they're moving, and whether they're being handled correctly. That helps to reduce delays, prevents losses, and improves customer satisfaction. IoT also enables predictive maintenance. Equipment and vehicles fitted with…

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