Internet Of Things Questions
The Internet of Things (IoT) has a significant impact on supply chain management. It enables real-time tracking and monitoring of goods throughout the supply chain, improving visibility and transparency. This allows for better inventory management, reduced stockouts, and improved demand forecasting. IoT devices can also collect data on product conditions, such as temperature and humidity, ensuring quality control and reducing product spoilage. Additionally, IoT enables predictive maintenance of machinery and equipment, minimizing downtime and optimizing production. Overall, the IoT revolutionizes supply chain management by enhancing efficiency, reducing costs, and improving customer satisfaction.