IMPROVING SUPPLY CHAIN VISIBILITY USING IoT-INTERNET OF THINGS

IoT solutions convert dark, unintelligent & silo assets into illuminated, smart and connected assets. There is a need to use upcoming technologies, like IoT for supply chain visibility improvements. IoT applications guide business for making decisions by providing actionable intelligence from real-time and old (pseudo or non-real time) data mashup. Applications are the interface that allows users to experience the power of IoT. This paper involves understanding pain areas in the supply chain for enhancing visibility. End-to-end visibility into supply chain is more important now-a-days with more complex network, multimodal distribution and increasing number of stakeholders. The changing scenarios of economics in different industries like manufacturing, inventory and shipping need latest technologies that fill visibility gaps to lesser cost, improve speed & efficiency, prevent loss and gain competitive levels of customer service & satisfaction. Shorter product cycles, complex products, lessening vertical range of manufacture, worldwide procurement, unstable markets, and a rising number of natural disasters – these are other factors that make it increasingly stimulating to manage a supply chain.