BJC HealthCare joins with Cardinal Health and Cook Medical in a three-way pilot to apply RFID tags to items at the supplier stage. Will their success goad a technologically backward industry to follow suit, and eliminate billions of dollars of waste from the supply chain?
Retailers and their suppliers are under more pressure than ever before to deliver more goods to more destinations faster.
To stay competitive, "retailers need to know where things are at all times so they can redirect shipments, rebalance inventories and respond to new demands on the fly," says Rich Becks, general manager, Industry Value Chains, E2open, which delivers cloud-based supply chain collaboration solutions.
New market opportunities are available to companies in almost every industry from the data that IoT delivers. These new opportunities could be as simple as getting information from sensors about what is happening on the manufacturing plant floor causing automatic manufacturing updates, potential adjustment to customer order delivery dates or even a maintenance work request to handle a detected equipment malfunction. All of these opportunities cause changes to be made to the supply chain.
An old killer app rides again. Radio frequency identification will become a key component of the Internet of Things because it bridges the physical and digital worlds, enabling the identification of objects and linking them to the internet.
More than eight million building management systems (BMS) will be integrated with some form of Internet of Things (IoT) platform, application or service by 2020, according to an ABI Research report. However, like many suppliers in established markets today, commercial building management system vendors face both opportunities and threats when navigating the emerging IoT ecosystem.
The latest news, analysis, trends and solutions for cloud, software as a service (SaaS) and on-demand systems and their impact on supply chain management. New technologies in cloud computing are transforming the way companies do business — and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving operations through their strategic use of cloud computing and on-demand systems for supply chain management.
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