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How IoT is Transforming Supply Chain Management
There has been a lot of writing about the Internet of Things (IoT) and how it is going to affect almost every global industry, from retail to transportation. IoT is set to revolutionize the supply chain—both in terms of its operational efficiencies and revenue opportunities—by making it transparent. In the present day, the supply chain is not just a way to keep track of your product, but also a way to gain an edge on your competitors by building your own brand. In this article, we will look at the different areas where we will be seeing the most advancements and change with the ever-advancing Industrial IIoT. Combining RFID-tagged products with closed-circuit TV cameras can monitor customer movement and behavior. The connected store can trace how shoppers move from aisle to aisle that could offer insight to buying behavior. Information on buying behavior helps retailers provide user-specific deals, planning dynamic pricing, and streamlining operations.
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