The Internet of Things (IoT) has been leveraging its significance in every possible sector which can emerge as a leading technology in the future scope OF India.
It has gained its popularity in a very lesser time and is still being advanced with the integration of other developing technology like AI and Machine learning. Its applications in various sectors like retail and logistics have expanded at a wider range to monitor the whole supply chain process.
As retail is embracing different transformations to serve the best experience to its customers, IoT has been used to enhance customer satisfaction by analyzing the trends of the customer-retail growth in supply chain insights, track demand, and asset rate.
Every single customer is being monitored and tracked through their shopping experience with the color-coded feedback systems. These color-coded systems developed with help of IoT technology can be used to store and analyze their experience immediately once they are done with the shopping.
Even retailers are benefited at ease to authenticate and track the shipments of the goods by these IoT systems. The quality enhancements of the products in the supply process can also cross checked with the IoT devices before the delivery.
The route planning and good tracking through these devices can identify when and where the transit delay of goods has occurred. This contingency planning to speed up problematic movement of goods can be streamlined with the alternative routes in the supply chain.
Each product in large warehouses are being tagged with the IoT devices to make it easier to find specific products at the time of distribution. This ensures easy management and accurate identification of goods.
Indeed, the IoT is set to revolutionize the possibility of the supply chain with both operational and revenue efficiencies with transparency.
In order to bring more efficiency, transparency and accountability, the future scope of IoT India can wield power by providing a mature way of supplying the goods and keeping up its chain.
As the upward and outward growth continues, the supply chain would be more imperative by ensuring all the shipping carriers being connected with one another. Even manufacturers could gain additional information to get better products to their customers quicker and faster.
In the present market, the supply chain isn’t just to have a track of your product. It’s a way to build a brand of your own and gain an edge over your relatable competitors. There are many such areas where we’ll be seeing the change with the ever-advancing IoT.