Subscribe
Select Topics

Internet of Things Will Deliver $1.9 Trillion Boost to Supply Chain & Logistics Operations

Rafael Granato
by Rafael Granato on Apr 16, 2015 21:24:00 PM

On the 16th of April 2015, DHL and Cisco published a joint paper predicting that IoT advancements would boost the supply chain and logistics industries by $1.9 trillion. In this trend report, it was estimated that 50 billion devices would be connected to the Internet by the year 2020—up from 15 billion in 2015. Warehousing and freight transportation are the two areas that were expected to benefit the most.

In the paper, the authors explain that IoT advancements are only just beginning to affect supply chain operations and the potential boosts in efficiency is much more dramatic than what we are seeing today. By using smart supply chains, every detail can be optimized from the movement of inventory to the most efficient utilization of trailers and drivers. This cuts losses from inventory shrinkage and the time that trailers spend idling in yards for the smoothest, fastest supply chain imaginable.

How an IoT Sensor Network Can Transform Your Supply Chain

By connecting all of the devices involved in transporting inventory from dock-door to dock-door, it becomes possible to track every item and every asset in real time. IoT advancements in the form of aerial robots can manage your inventory constantly with autonomous flight paths and optical recognition capabilities.

Using passive RFID, GPS, and Optical, inventory can then be followed as it is loaded onto the trailer (fitted with a smart scanner), as it passes through the check-out gate (also connected to the IoT) and followed throughout its journey until it arrives at its destination.

IoT

Reducing Error for Greater Efficiency

By fitting every device in the supply chain with IoT advancements such as smart sensors and scanners, repetitive manual tasks such as checking inventory and communicating delays in transportation become unnecessary and errors are virtually eliminated. Furthermore, the centralized data then then be analyzed and used for strategic planning and further optimization. Our centralized command center can even be operated from smartphones and tablets!

Fortunately, our cloud-based YMS can be integrated easily with your existing transportation management system (TMS) and warehouse management system (WMS) for minimal hassle and a speedy implementation.

PINC: A Leader in IoT Advancements Technology

Customer demands for increased velocity and lower prices are driving the need for constant optimization and technologies such as IoT represent the only way to stay ahead of the game in the digital era.

As a world leader in supply chain innovations, PINC is already using a comprehensive IoT sensor network that tracks millions of freight shipments each year. This network uploads real-time asset location data to the cloud that can then be used in meaningful ways as part of our advanced YMS and supply chain execution solutions.

PINC’s Global Reach

On a global level, PINC is an industry leader in terms of IoT advancements and its applications in the logistics industry. We have been recognized as an industry leader by Supply & Demand Chain Executive and the Food Logistics 100+ and are proud to offer our cutting-edge solutions to companies of all sizes.

If you would like to learn how PINC and our IoT sensor network solutions could benefit your supply chain and increase your revenue, please contact us today.

Leave a comment

Your email address will not be published. Required fields are marked *


Rafael Granato

Written by Rafael Granato

Written by Author

Related posts

blank
Lazer Spot and PINC partner to provide enhanced yard management services and solutions to enterprise customers

Leaders in yard management services and technology to collaborate to bring transparency and efficiency to hundreds of facilities in North…

Rafael Granato
By Rafael Granato - January 05, 2021
blank
PINC Receives 2020 Supply & Demand Chain Executive Green Supply Chain Award

UNION CITY, Calif., Dec. 15, 2020 — Supply & Demand Chain Executive, the only magazine in the supply chain industry covering the…

Rafael Granato
By Rafael Granato - December 15, 2020
blank
Technology Trends and Selection Considerations For Yard Management Systems

Top Gartner analysts say there’s no time like the present to invest in a YMS that can help you offset…

Rafael Granato
By Rafael Granato - November 30, 2020