Przemek Szleter is the founder and CEO of DAC.digital, with over 16 years of professional experience as a business & IT executive. Read Przemek Szleter's full executive profile here.
Supply chain management is a complex field that handles and optimizes the supply chain process of goods and services. Since many elements must work together, it can benefit from technological advancements like the Internet of Things to improve connection and communication between different devices.of IoT in SCM will reach $41.8 billion, expanding at a CAGR of 12.9% between 2023 and 2033. IoT can help improve operational efficiency, real-time tracking and monitoring, and predictive maintenance.1.
An important thing to remember regarding security is that your strategies and solutions must be scaleable to accommodate the increasing number of devices within the growing IoT network. It extends to vendor selection to ensure third-party services comply with the organization’s security standards.When you revise and prepare your infrastructure and security strategies to accommodate IoT integration, it’s important to choose suitable devices and infrastructure for your organization.
The best approach to maximizing these predictive analytics possibilities is to plan and implement reliable tools and skilled personnel. This analytical approachIoT can enhance transparency and promote collaboration across all levels of the supply chain. You can share real-time data with stakeholders for better communication and coordination. Ultimately, it helps solve problems proactively and improve overall performance.
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