IoT article written for Supply Chain Game Changer and permission to publish here provided by Rachel Stinson.
The Internet of Things — IoT, for short — is made up of devices that connect to the internet and share data with each other. IoT devices include computers, laptops, smartphones, and objects that have been equipped with chips to gather and communicate data over a network.
IoT devices have become a part of the mainstream electronics culture that people have adopted into. It is estimated that there will be up to 21 billion IoT devices by 2020, impacting how we interact with basic everyday objects.
There are several things to note about the IoT as it becomes more mainstream, as a key element of the Digital Supply Chain.
Automation ROI article and permission to publish here provided by Grant Kamperschroer at straightnorth.com.
Automation has many benefits. Among the advantages are these: It frees up employees from performing manual or repetitive tasks and allows them to focus on tasks that require more thinking and analysis. It increases productivity and the quality of products. It speeds up the time to do the job, facilitating business growth.
Are there drawbacks to automation? Yes, of course, the main one being financial. Automation and robotic equipment and the software required to run them are pricey.
However, investing in automation results in a payback after a certain amount of time has passed, and this occurs at the point at which increased productivity and sale revenue outweigh the combined capital and labor costs.