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With technology influencing industries across the verticals, augmented reality (AR) and internet of things (IoT) form the critical combination shaping the future of logistics.
FREMONT, CA: The supply chain is transforming at an unprecedented pace, especially with Amazon revolutionizing the supply chain processes. Using its unique ideas such as using the rating system for the first time to gain invaluable customer feedback and popular pricing strategies for fulfillment capabilities, Amazon is leading the path. However, with technology influencing industries across the verticals, augmented reality (AR) and internet of things (IoT) form the critical combination shaping the future of logistics.
Sticking on with the Basics
Major firms have improved their existing system using sustainability measures that has, in turn, resulted in huge profits. Some of the critical areas where they focused include improved management system to minimize overhead costs, reduced redundancies with load planning, and better utilization of space in freight resulting from load utilization and reduced demand on fuel and fleet vehicles with better planning of routes.
IoT Reinventing Supply Chain
IoT is changing the overall dynamics of the supply chain. Here's a glimpse on how IoT technology is impacting the supply chain and logistics:
Improves Maintenance Practices
Machines are an integral part of the supply chain. In case of breakdown of a device like a factory equipment or a vehicle, IoT powered smart sensors can enable in better maintenance and prevent failures. Further, such devices can also provide the workers with predictive analysis over the health of the machines.
Better Inventory Practices
IoT enables the businesses to monitor and to better-equip their inventory. With IoT sensors enabled devices, it is possible to track inventory levels at any time and receive notifications in case of shortage.
AR in Supply Chain
Syncing technologies with each other and to the goals of the business is a significant challenge for the organizations who are eyeing a transformation. AR has been associated with a limited field of applications such as gaming and mobile apps, but it has a vast potential in logistics too:
For Picking Orders
With the help of smart glasses, employees get a clear picture of where the products fit on carts while they are picking orders. Moreover, the smart lenses display the picking lists to the employees while directing them to the most efficient routes in the warehouse.
Using virtual reality (VR) or AR tools, managers can get the real-time view of the processes and ensure that the processes are running as planned. It is especially useful in case of calamities or natural disasters when the key personnel is unable to access the site.