How Important is IoT for a Logistic and Transportation Company?

Logistics Tech Outlook | Friday, July 30, 2021

Businesses should approach digital as a connected system and develop foundational use cases first, such as asset monitoring, before delving deeper into advanced applications such as autonomy and artificial intelligence.

FREMONT, CA: Industry 4.0 solutions transform how logistics and transportation companies operate and play a critical role in enhancing overall processes and performance.

The Internet of Things' role in the transportation and logistics industries

The Internet of Things enables actionable insights into Asset Intelligence and allows the transportation and logistics industries to expand in the following ways.

Visibility Throughout the Supply Chain

IoT connects the company's online presence to its physical stores via real-time data collection at critical supply chain points. This paves the way for end-to-end customer satisfaction and process improvement throughout the supply chain. Additionally, the data collected aids in improving accuracy. Businesses can precisely monitor the location and speed of vehicles using sensor-enabled IoT solutions.

IoT technology enables condition monitoring, including temperature stability, to minimize perishable product waste. Additionally, it aids in the dissemination of critical real-time information to stakeholders to mitigate disruption.

Another significant advantage of IoT in supply chain visibility is the monitoring and management of inventory and equipment. Along with inventory management benefits, it also provides predictive maintenance data, alerting engineers to potential machine breakdowns and allowing them to avoid costly machine maintenance operations.

Management of Warehouses

The real-time data collected by physical devices enables warehouse personnel in the transportation and logistics industry to share all critical data in a centralized cloud environment. This expedites the timely delivery of a specific product to the correct location. Thus, IoT-enabled mobile devices in warehouses increase an organization's productivity.

Management of Fleets

By replacing manual and paper-based orders with IoT-enabled operations, fleet performance is improved, time is saved, and data accuracy is ensured. Connectivity to the Internet of Things enables businesses to communicate about in-field repairs, maintenance, and other tasks.

With regular updates on adverse weather or traffic conditions via this connectivity, fleet management becomes seamless and increases workforce safety.

The following are some of how the Internet of Things benefits logistics and transportation companies.

  • Enhances inventory management through IoT asset tracking
  • Transparency in the supply chain is increased
  • Provides real-time monitoring of data across multiple touchpoints
  • Ensures a streamlined fleet management process
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