IOT “ Industry 4.0 marries physical production and operations with smart technology – none of which would be possible without IoT at its core ”
DAVID BEAMONTE ARBUÉS PRODUCT MANAGER ( IOT & EMBEDDED PRODUCTS ), CANONICAL
Improved visibility in supply chains One of the most significant benefits that IoT technologies offer for supply chains is improved visibility . IoT devices can be integrated into every stage of the supply chain , from production to delivery , allowing businesses to track their goods in real time . This increased visibility enables businesses to make informed decisions about inventory management , transportation , and production schedules , which can lead to significant cost savings and improved customer satisfaction .
In many cases , such information is also combined with third-party data sources , allowing organisations to react quickly to unexpected supply chain events , such as extreme weather events , geopolitical instability or sudden dips in customer demand . aimagazine . com 111