Intervention of Internet of Things in Supply Chain and Logistics Management

In recent years, the Internet of Things (IoT) has rapidly emerged as a major player in many industries. One of the industries that has experienced significant impact from IoT is supply chain and logistics management. IoT intervention has revolutionized the way businesses handle supply chain and logistics. Today, companies can use IoT sensors and devices to automate and streamline their supply chain operations, making them more efficient and inter-connected. The application of IoT in supply chain and logistics management is an abstract concept, taking the physical world and connecting devices and sensors to make it accessible, efficient, and intelligent. IoT can remotely collect, analyze, and transmit data from sensors and devices to inform decision-making in realtime. By interfacing with the cloud, businesses can gain a bird's eye view of their operations to optimize supply chain and logistics management. With IoT integration into supply chain and logistics management, businesses can now optimize numerous processes including easily tracking the movement of goods, monitor their condition in near-realtime, manage inventory more efficiently, etc. In this note, we will be discussing various aspects and domains where intervention of IoT in supply chain and logistics management can help companies and authorities streamline their processes and achieve more optimized results in their businesses.