If you manage factories, airlines, hospitals or farms, you probably know something about the Internet of Things. If you don't, your thoughts on the IoT may start and end with wondering why a coffeepot needs to talk to a toaster. But the fact is that the continuing development of precision technologies could dramatically transform our planet's fundamental infrastructure.
Number crunching can be valuable for firms exploiting their existing resources, but can backfire for companies seeking to branch out with new products or services.
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has signed a memorandum of understanding to develop Internet of Things applications for ships with SK Shipping, Intel, Microsoft, the Ulsan Center for Creative Economy & Innovation (UCCEI) and the Daejeon Center for Creative Economy & Innovation (DCCEI).
One of the major findings from the 27th Annual State of Logistics report is that "gaps" in infrastructure and "accelerating trends for speed" will increasingly put pressure on a logistics system not designed for e-commerce driven "last mile, last minute" delivery service.
Scan-based trading (SBT) is often thought of as a process solely for larger big box retailers. This business model transitions the relationship with suppliers from purchased inventory to vendor-managed inventory, with the checkout scan data serving as the channel to pay for the goods to the distributor. The data collected from the transactions is then delivered to the distributor, as a form of a receipt.
The latest news, analysis, trends and solutions for big data, blockchain and the internet of things (IoT) and their impact on supply chain management. Big data describes the large volume of data that inundates a business on a day-to-day basis and can be analyzed for strategic business insights. IoT is the means that collects and sends data from a range of “things” — anything from watches to fridges to cars — that are connected to the internet with sensors or computer chips. Learn how companies around the world are using big data, blockchain and IoT for supply chain optimization and competitive advantage.
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