How IoT Improves the Electronics Supply Chain
Electronics manufacturers lose billions of dollars every year due to late and damaged shipments. But with new IoT technologies, these companies are gaining real-time visibility into the location and condition of their in-transit goods, enabling them to identify and eliminate the root cause of issues and adopt a data-driven mindset to the optimization of the supply chain. These IoT tools and data-driven optimization strategies are enabling electronics manufacturers to reduce waste, increase efficiency, and improve visibility across the supply chain.
Visibility, efficiency, waste reduction — this all sounds great, but what does it actually mean in the context of an electronics supply chain? At a high level, the IoT-powered supply chain entails multi-sensor trackers on every shipment that are constantly connected to the cellular network, plus a cloud-based software platform to access and analyze the data coming from those trackers. This sort of IoT system can dramatically improve supply chain operations on several different levels.
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