Methods of conducting business have evolved rapidly within the last two decades. Advancements in technology have revolutionized all the various aspects of conducting business. Production and subsequent transportation, the key aspects of any business, have also undergone a revolution in this regard. Integrating new technologies is the one of the holy grails of any business with the purpose of increasing the volume and efficiency of production to ultimately translate that into an improved bottom line. The rapid increase in connectivity has enabled innumerable businesses to improve their process flows greatly.
Control of the Supply Chain
Every business involved in logistics and transportation seeks to be fully aware of the entire supply chain from its beginning to the end. Full visibility of the chain, automatically confers the advantage of being able to make decisions that are well informed, and consequently to the benefit of all the involved stakeholders. This further enables saving inefficiency costs and improving your profit margins.
How is this possible with the Internet of Things? There is a wealth of data that can be assimilated and analyzed within the existing supply chain of your business. This ranges from all your carriers, employees, vendors and customers. Whether acquiring the data is done manually or through integrating systems, the effort is worth the insights that can be acquired.
Fleet management in Logistics and Transportation is essential for efficient maintenance of the vehicles in your fleet, along with their scheduling, daily usage and the planning of routes. These are areas where processes can be optimized to lower costs and subsequently raise profit margins. One of the best ways to increase efficiency and effectiveness is to reduce the down time of your fleet.
A route planner, used properly, can drastically increase the visibility for your operations. This is because routes can now be planned in advance. As a result, the distance and consequent duration are already known, which means that drivers and customers are both in the know of the timing of the visits.
Checking in manually, paper copies and receipts are all things of the past now. Hand-held scanners, mobile computers and RFID enabled systems allow for deliveries to be speeded up and generate data in real time. This enables greater visibility for all the activity that is taking place at your ground operations. Using the leverage of this technology and maintaining the connectivity between you, your drivers and your fleet greatly enhances the efficiency of your operations.
Utilizing new technologies and integrating them with your existing business models is crucial for cashing in on the efficiencies that they enable for your business. Advancements in connectivity allow for your business to easily expand its reach into other geographical areas. The new technologies are the road to the future of conducting business. The creation of the Internet of Things has resulted in vastly increasing the connectivity and integration of all aspects of a business. Given the rapid pace of technological evolution, the IOT is simply the beginning towards a revolutionized method of conducting business.