As IOT continues to expand its abilities and help companies across the board, more and more industries are giving it a go. It’s no longer just field service brands dipping into this bucket, but all kinds of companies. This is not only a huge point of growth for IOT, but a testament as to just how far it’s come as an industry.
Specifically, IOT is being implemented within companies’ supply chains. From inventory, to ordering, to sending products out the door, they are able to keep better track and become more efficient with the help of IOT.
Almost as a rule, in the past, brands have overstocked to keep enough of all items on hand. However, they are realizing this method isn’t cost-effective, and that working to be more efficient and tracking data can allow for better planning instead.
To learn how companies are updating their overhead and reevaluating the supply chain through IOT, check out this full-length blog.