Smart Logistics

Reduced Costs:

Logistics organizations working in different manufacturing environments can gain a significant competitive advantage with IoT technology. The ability to track a shipment continuously in real time is a powerful feature that allows shipping companies in the transportation industry to reduce their costs. Knowing the location of the cargo and delivery status allows for planning future deliveries and connections with business partners. IoT logistics tracking systems use GPS tracking chips attached to shipments to automatically interact with clients, employees, and suppliers. It acts as a caretaker, and the data is accurate, so workers in the warehouse and customers know when to expect the order. Such improved predictability, with IoT in logistics industry, will be a money saver for your logistics processes.

The visibility provided by IoT applications in logistics can reduce your overall cost of logistics processes. A single-point reduction in the bullwhip effect ratio can save you $26 of inventory and eliminate 0.15 days of stock outs per year. With the right tools of digital transformation and automated processes, visibility can improve your overall operational performance when your company workers transport orders. IoT and logistics being together can help you achieve your operational goals in services, delivery processes, and future planning. Better visibility can improve your cost control. Artificial intelligence or IoT-powered smart algorithms can process and analyze big data, which will help you with finding solutions that can benefit your company in terms of optimized decision-making that results in lower expenses.

Increased Visibility Of Supply Chain:

The application of IoT in supply chain and logistics ensures the increased visibility of the supply chain. With GPS, value stream mapping methodology, and real-time visibility programs and solutions companies can track products, components, and raw materials in transit. By leveraging this information, these solutions can prevent major problems before they happen. With smart logistics, companies can also improve customer service by ensuring that the goods they ship reach their customers on time.

Decreased Time Of Delivery:

Another example of the ways how IoT can benefit your stream of operations in logistics is decreased time of delivery. The application of IoT in logistics limits disruption and minimizes risk because transport vehicles know real-time updates on traffic jams and road repairs. Knowing real-time data about roads condition, congestion on the roads and other stuff like the size of a queue on a border control will significantly decrease the time spent on the delivery of the orders. It will optimize the operations of the company and increase the satisfaction of the customers.

Predictive Maintenance:

Smart technology has proven productivity in predictive maintenance, both in a warehouse and delivery truck. Not only does it improve your efficiency, but it also helps you avoid potential disasters. In a smart factory, logistics has to be established in such a way that all the delivery cars, refrigerators, and other types of assets that are involved in a chain are digitalized. It also improves security by reducing losses and limiting damage. IoT use cases in logistics mostly include alerting sensors for predictive maintenance which is why, for this purpose, smart logistics solutions are so popular.