How does IoT impact supply chain management? 🔊
IoT impacts supply chain management by enhancing visibility and enabling real-time data collection across the supply chain. It allows companies to track products from production to delivery, improving inventory management and reducing delays. By analyzing data collected from IoT devices, businesses can make informed decisions, optimize routes, and improve demand forecasting. This leads to increased efficiency, reduced costs, and improved customer satisfaction.
Equestions.com Team – Verified by subject-matter experts