Manufacturing requires dozens of handoffs, as goods and materials move through suppliers, inbound transportation, receiving, production, packaging, shipping, outbound transportation, and then to customers.
Any problem — a quality reject, a missing component — sends ripples of delay across the supply chain, jeopardizing delivery and customer satisfaction.
There’s a better way.
In a Connected Enterprise enabled by Internet of Things (IoT) technologies, supply-chain activities are digitally coordinated. This allows suppliers to react in real time when problems arise. More importantly, The Connected Enterprise offers powerful supply-chain advantages:
This new transparency across the supply chain offers significant opportunities for improved productivity and profitability, as well as reduced costs (e.g., lower inventories, improved labor and asset utilization).
When the IoT links all internal functions (e.g., information for analytics by finance, human resources, R&D, etc.); and all suppliers (e.g., forecasts, schedules); and all customers (e.g., order status, product specifications) — overall supply-chain performance is optimized as well as the performance and returns of the individual companies.
It’s important to note that this high level of coordination, collaboration, and success — enabled by IoT technologies — is possible today. If your company isn’t yet operating as a Connected Enterprise, follow this four-step plan to facilitate supply-chain improvement:
Suppliers want the real-time information that an IoT-enabled Connected Enterprise can offer. Customers demand the visibility and performance that an IoT-enabled Connected Enterprise can provide.
What are you waiting for?