Now, companies not only can know where assets are at all times, but they can also know the environmental factors surrounding the goods—monitoring everything from temperature, potential impact thresholds, moisture, and more—ensuring that asset damage is greatly minimized.
When quantities reach a certain threshold, management can be notified in real time that additional goods must be ordered or, in many cases, the system using advanced AI can simply place the order as needed without human interaction—greatly streamlining the process and making for a better end-user experience knowing that goods are in stock when needed.
By connecting the supply chain to other business units, companies can work in real time to increase sales and to reduce expenses on goods that are not as popular—better efficiency, better margin and, again, a better bottom line.
In all, AI and IoT are being used in so many different ways that, though the average person may never realize, the impact on business is almost undefinable—making for a future that is far more efficient, far more manageable and, of course, far more profitable.