TOP IOT SOLUTIONS PROVIDERS FOR SUPPLY CHAIN INDUSTRY
OVERVIEW
Supply chain industry is growing at a fast rate because of the digital boom and automated process flow. Supply chain is becoming smarter by digitally integrating customers, suppliers and partners and increasing the transparency of the whole process.
With IoT, diverse supply chains like food, oil and gas and electronics can enjoy common benefits like,
- Preventing failures and enhancing maintenance of equipment using sensors
- Accurate tracking of assets thereby improving quality control
- Better inventory management
- Bringing transparency in marketing
IoT enhances supply chain business solutions by connecting processes, data, workflow and people in a more organized, intelligent and intuitive way. High quality and reliability, more security, cost-reduction and real-time updates, thereby mitigating disruption are some of the main benefits of IoT in the supply chain management scenario.
For example, using sensors for location tracking, temperature sensing and inventory management can control quality issues, reduce wastage and instantly respond to dynamic changes in the demand.
TOP IOT SOLUTION PROVIDERS
There are many companies that offer innovative IoT solutions. We have listed a few providers who have partnered with top established companies yielding the best IoT solutions for the supply chain industry –
CHECKPOINT SYSTEMS
Checkpoint provides integrated retail solutions like complete tracking up to the item level with accuracy, order fulfilment, security, stocking, labelling, tagging and product popularity tracking. All this is customized and flexible resulting in a win-win situation – more profitability for business and a wholesome experience for the user. Many major clients like Walmart, GAP, Louis Vuitton, Decathlon have partnered with Checkpoint for intelligent retail solutions.
Read how Checkpoint helped Decathlon with RFID based tracking here.
CICSO
Cisco’s IoT has been a game changer for many businesses. By using their interactive maps, one can plan and visualize their digitized manufacturing unit, improve visibility and reduce costs.
DART (Dallas Area Rapid Transit) uses Cisco’s systems to track their entire fleet. DART, that transports about 100 million passengers in a year can monitor and optimize the entire fleet’s performance through minute level tracking and real-time updates.
IBM
Powered with AI and plant-floor data, IBM’s Watson IoT solution reduces downtime and improves reliability by applying data insights that enhance quality and reduce manual inspections. IBM along with the NJ (New Jersey) Turnpike Authority have utilized IoT to manage traffic thereby improving road safety and get emergency help faster. Same way, L’Oreal makes use of integrated IoT sensors during their production line to manage and track products.
VT
VT’s asset tracking with the solar powered Digitraq PV for Loka systems has revolutionised the connectivity solutions to connect logistics, cold chain, detect tampering and avoid losses.
VT’s Sigfox was selected by Louis Vuitton for global luggage tracking. The tracking device uses Sigfox’s monarch service, that uses radio recognition service to track down devices (luggage).
There are Sigfox enabled envelopes can be tracked and they can send alerts when opened.
VT provides cost-effective and energy efficient alternatives for the sensors and devices.
GAZELLE INFORMATION TECHNOLOGIES
Gazelle Information Technologies have had a good success in implementing IoT solutions. Gazelle has worked with some of the top companies like FMCG, Good Year, KitCo and many more. Using Ethereum Blockchain technology based smart contracts to track movements in the supply chain, they were able to generate event alerts based on real-time data. This enabled efficiency and agility at each stage of the end-to-end supply chain. Their team assures 10-30% savings in transport cost, increased on-time deliveries and improved product flow amongst other benefits.
WATER.IO
Through their internet of intelligent packaging, water.io is reaching customers round the globe and connecting customers to the brand. Their product uses IoT to track location, shipping conditions and do real-time quality control for consumables and pharmaceutical items.
ERICSSON
The Ericsson panda factory located in Nanjing saw tremendous improvements in ROI in just 2 years of implementing IoT solutions. Through automation of production, maintenance and asset tracking, there were less errors, more real-time data and less downtime. The steel pallets in the factory are now geo-tracked, the workstations communicate with each other wireless and the fire extinguishers are provisioned with liberation sensors, thus also providing a safe working environment other than channelizing the operations.
EL MODIS
With the tag line of ‘We make industry smarter’, Elmodis provides a comprehensive system of hardware and software that tracks machine health at all times – 24×7! Users are given periodic reports which helps in doing maintenance and repair works at the right time to avoid failures and down time.
SCIENCE SOFT
Science Soft has their foot set in many industries like retail, healthcare, banking etc… With their years of IoT expertise, they help companies integrate legacy systems with IoT at different adoption stages and provide consulting, full-cycle development, implementation of IoT based on customized requirements, support and constant evolution. Auchan, a French retail chain was having trouble getting visibility at every supply chain stage across Europe. Science soft gave an Oracle-based e-collaboration platform that gave a complete supply chain and inventory management feature enabling in-depth real-time visibility of purchases, stock management and advanced analytics reducing time and errors. For detailed case study, please go through this link –
R-STYLE LAB
R-style labs create a memorable user experience and ensure transparency in supply chain by obtaining real-time data on several important factors like inventory stocking, buyer behaviour and product tracking. The solutions can be integrated with other third-party products to facilitate transparent data flow at all stages. A few key customers have been the likes of P&G and Smart Satu.
KONUX
Aiming to enhance railway infrastructure through predictive analysis for rail switches, Konux uses IoT sensors and AI to considerably improve network availability, reduce costs and increase asset lifetime. With intuitive core, maintenance can be planned well ahead and failures can be prevented before time. They have served for clients like Deutsche Bahn. Visit https://www.konux.com/case-studies/ for more.
SAP HANA
SAP’s HANA is a secure, in-memory data platform that can give live intelligence with accelerated data processing. It acts on a single data copy giving advanced data analytics. Take the example of The Port of Hamburg, Germany where HANA embeds sensors and provides smart lighting based on motion detectors to light up necessary areas when container ships arrive. Other integrated elements like alarm system, cameras etc prevent damage, theft and help give real-time security updates.
SENSEYE
SensEye offers scalable predictive maintenance that increases overall efficiency of machines by detecting failures in advance enabling the team to schedule maintenance and repair well ahead.
CONCLUSION
It is amazing how IoT has transformed the entire supply chain industry using sensors, controllers and IoT based technologies. While the above list is based on multiple facts and researches, there is no dearth of IoT providers, each with their own unique selling point, as IoT technology seems to be ever-expanding and innovative one. Look for more innovators like Kepware Technologies, Supracontrol, PalleTech and so on.
Just like Gartner predicts – most of the major businesses would be incorporating atleast one element of IoT by 2020, which will considerably change how the supply chain operates!
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