K
Kathleen Martin
Guest
With the ever-growing technology industry digitalising the modern world, the Internet of Things (IoT) has an important part to play. The fourth industrial revolution, Industry 4.0, relies upon IoT to join operational and informational technology, for the sake of improving quality, reducing risk and minimising cost.
“IoT is a core part of Industry 4.0 because it allows us to build digital networks of machinery, devices, and infrastructure. By using IoT, organisations can assemble smart factories and supply chain processes which continuously collect data” says David Beamonte Arbués, Product Manager (IoT & Embedded Products) at Canonical.
“Businesses can then apply AI and Machine Learning (ML) technologies which, once synchronised, remove silos in the supply chain process and allow unprecedented levels of transparency, automation, insight and control. Industry 4.0 focuses heavily on interconnectivity, automation, ML and real-time data. It marries physical production and operations with smart technology – none of which would be possible without IoT at its core”, he adds.
Managing unprecedented supply chain challenges with IoT
A properly functioning supply chain requires efficient communication and real-time visibility for all stakeholders involved. Recently, however, complex regulations, financial risks and missing data have caused disruptions along the supply chain and put businesses at risk.
By using IoT devices, businesses can address the problems caused by rising prices and supply shortages.
“Some of the recent supply chain disruptions we have seen are due to a lack of real-time visibility across the supply chain. For a well-functioning supply chain, across multiple levels, you must collect, integrate and analyse data to provide a single view of the supply chain”, explains Bjorn Andersson, the Senior Director of Global IoT at Hitachi Vantara.
“This view should include data from sensors and devices, such as data associated with temperature and vibration. IoT enables this level of visibility, allowing you to see if suppliers can meet their commitments, or to spot when a proactive action needs to be taken to prevent a disruption in production.”
Using sensors and software to calculate specific elements of the supply chain, IoT devices can be used to validate products, streamline the transportation of goods, and track estimated arrival times.
Continue reading: https://supplychaindigital.com/digital-supply-chain/improving-supply-chain-management-with-iot-technology
“IoT is a core part of Industry 4.0 because it allows us to build digital networks of machinery, devices, and infrastructure. By using IoT, organisations can assemble smart factories and supply chain processes which continuously collect data” says David Beamonte Arbués, Product Manager (IoT & Embedded Products) at Canonical.
“Businesses can then apply AI and Machine Learning (ML) technologies which, once synchronised, remove silos in the supply chain process and allow unprecedented levels of transparency, automation, insight and control. Industry 4.0 focuses heavily on interconnectivity, automation, ML and real-time data. It marries physical production and operations with smart technology – none of which would be possible without IoT at its core”, he adds.
Managing unprecedented supply chain challenges with IoT
A properly functioning supply chain requires efficient communication and real-time visibility for all stakeholders involved. Recently, however, complex regulations, financial risks and missing data have caused disruptions along the supply chain and put businesses at risk.
By using IoT devices, businesses can address the problems caused by rising prices and supply shortages.
“Some of the recent supply chain disruptions we have seen are due to a lack of real-time visibility across the supply chain. For a well-functioning supply chain, across multiple levels, you must collect, integrate and analyse data to provide a single view of the supply chain”, explains Bjorn Andersson, the Senior Director of Global IoT at Hitachi Vantara.
“This view should include data from sensors and devices, such as data associated with temperature and vibration. IoT enables this level of visibility, allowing you to see if suppliers can meet their commitments, or to spot when a proactive action needs to be taken to prevent a disruption in production.”
Using sensors and software to calculate specific elements of the supply chain, IoT devices can be used to validate products, streamline the transportation of goods, and track estimated arrival times.
Continue reading: https://supplychaindigital.com/digital-supply-chain/improving-supply-chain-management-with-iot-technology
