The Internet of Things (IoT) has become a buzzword in the tech space over recent years. For the supply chain, it is transforming many aspects, starting from asset tracking to management of inventory and fleet operations. Experts predict that 15 billion more devices will come online in the next decade. These devices can tell supply chain managers where the assets are, help the companies eliminate logistics bottlenecks and enhance the quality of products. Sadly, some limitations have made the deployment of IoT challenging. The limitations are mainly to do with wired and conventional/disposable battery-powered solutions. However, with the technologies like wireless power, the supply chain will be transformed for the better, closing the gap and allowing supply chain managers more insight into the product conditions and how safety and quality might be affected.

Supply chain and Logistics have gone through many changes in the last decade. Thanks to the rise of various innovative technologies such as machine learning, artificial intelligence and neural networks, processes have now been streamlined, and providers have managed to bring down the cost of operations. In the face of globalization, increased product complexity and rising customer demand, companies are capitalizing on technology to transform their supply chain operations through innovation and efficiency in service delivery. Here are some technologies that make a difference in operating your supply chain.

The Internet of Things (IoT) is changing many things in our lives. It is changing how we look at or do everything, from managing our homes to looking after our health through wearable devices. However, the supply chain sector seems to be the biggest gainer with the advancement of this technology. Thanks to IoT, companies in the supply chain sector can now do many things better, including tracking products in the supply chain from the manufacturing plant to store shelves. As one of the players in this sector, the right IoT implementations can substantially improve your supply chain performance. Here are some benefits of IoT in the supply chain.

Companies in the supply chain sector worldwide are increasingly investing in modern technologies like AI and IoT to enhance performance. This has even been increased by the pandemic that has made in-person operations nearly impossible. These digital solutions have allowed businesses to capture and use their data and promote efficiency. Unlike the manual processes that can result in inefficiencies, errors and delays, using technology enhances productivity, visibility and accuracy. That is why supply chain companies are increasingly capitalizing on technology to make things work. With the Internet of Things (IoT), inventory management and asset tracking can be modernized, and transparency in operations can be improved. RAIN RFID is one such technology that can be adopted to solve inefficiency and human error issues.  Here are some ways you can use RAIN RFID technology in your supply chain to bridge the IoT gap.