Smart IoT: How to Digitize Supply Chain
By Murthy Jayanthi, Sr. Director Product Management This is the second blog of a two-part series.
Unleash the Power of Modern IoT Technology to Learn How to Digitize Supply ChainThe most advanced IoT solutions rely on technology that is robust, interoperable, cost-effective, and offers high-availability functioning. By equipping assets with unobtrusive medium-range wireless transmitters (such as Bluetooth-low-energy), supply chain managers can quickly master how to digitize supply chain by building smart networks of IoT-capable sensors & gateways and channeling real-time operational data into their cloud applications almost immediately. Using sensors capable of measuring position, vibration, temperature, and shock provide managers with dynamic control and virtually endless monitoring capabilities. The Internet of Things (IoT) uses sensors to send digital information directly to machines to automate processes. These intelligent sensors are designed to analyze the data before it gets sent to the cloud. The real value of a robust technology solution, however, lies in the ability of cloud applications to transform this digital metadata into actionable insights. Hardware, connectivity, and applications that work in unison provide managers with intuitively designed dashboards that clearly display alerts, notifications, metrics, trends, analytics, and KPIs. These are used to track inventory, product quality, predictive maintenance, as well as audit and regulatory compliance. Furthermore, well-orchestrated interoperability requires that the solution provide an extensive library of APIs, SDKs, and pre-built connectors capable of providing easy integration touchpoints with existing enterprise systems.
Cross-Boundary Asset and Workflow ManagementEnterprises are increasingly looking for IoT solutions that solve a specific set of operational challenges from a system-wide perspective, instead of in a silo. Asset tracking and workflow optimization solutions must efficiently address operational and supply-chain challenges, but also provide operators visibility beyond the limits of their four walls. Up until now, operators had very little awareness of the location, status, or number of assets arriving in-bound, or flowing out-bound. The logistical implications of providing real-time materials management, inventory control, workflow planning, and staffing are profound and far-reaching. Even more fundamental is the ability to foster synergies between stakeholders. This allows asset and process management functions to transcend 3rd party systems and help facilitate the development of optimal solutions for suppliers, distributors, and customers. Best-in-class solutions built on secure, open-standard frameworks offer ubiquitous connectivity, seamless interoperability, and promote stakeholder collaboration - allowing leaders to easily answer the question on how to digitize supply chain!
Customizable Solutions for EnterprisesThe promise of the IoT lies in its ability to enable enterprises to focus on their core competencies and unleash greater potential. This requires a solution engineered around the needs of the enterprise customer, their industry, and stakeholder ecosystems. The result is a set of purpose-built solutions that adopt the industry language, concepts, and metrics that customers use every day. A customizable supply chain visibility solution has the effect of reducing complexity, shortening the learning curve, and enabling the enterprise to focus on its core competencies. It also minimizes getting bogged down trying to understand how to implement, use, and maintain the IoT. The result is a simple, elegant IoT-enabled platform that’s easy to use, value-added, and keenly focused on solving a narrow set of business challenges.
A Business-Driven ApproachMany IoT solutions are focused more on technology rather than providing cost-savings, reduced risk, and ROI when ti comes to "how to digitize supply chain'. Fortunately, business-driven solutions like Cloudleaf’s Digital Visibility Platform (DVP), provide continuous, real-time visibility and intelligence for the supply chain. The open platform helps you to remain agile, identify monetization opportunities, and uncover deep insights that unlock safety, profitability, and market share. It creates a digital twin of your supply chain, processing billions of events every second to give you diagnostic and predictive insights, so you can:
- Know the location, condition, and dwell time of your materials at all times
- Pinpoint material condition and time of arrival/departure
- Enable real-time flow to planning systems
- Gain complete visibility into condition excursions
- Get actionable notifications in real-time
- Manage compliance
- Protect the integrity of your products and of your brand
- Minimize margin erosion due to supply disruptions
- Improve customer satisfaction
- Increase revenues