__________________________________________________________________________________________________________________ AI
Identify inefficiencies Sensors work to connect-the-dots . These technologies , and the data they gather and analyze , allow decision makers to better understand not only what happened , but why it happened . With better visibility into supply chain operations , organizations can both identify and reduce their own inefficiencies and better collaborate with one another .
Predict market trends Understanding supply and demand is the basis of manufacturing and supply chain management . IoT sensors that interpret historical and real-time market data give companies a leg up when it comes to predicting current and future market trends .
Streamline logistics and inventory management IoT technology should remove the unknown from supply chain operations . Companies can work with sensors that do everything from identifying potential bottlenecks based on weather complications or sourcing challenges , to providing smarter route and delivery options , automating paperwork , and delivering up-to-theminute inventory tracking and analysis .
Improve customer experience With better data and communication and real-time tracking , delivery issues are reduced and resolved more quickly . Deliveries are made faster . This improves the customer experience and increases customer loyalty .
Reduce operating costs Taken together , the benefits of IoT sensors allow companies to reduce waste and save time . This results in long-term lowered operating costs and boosted operational efficiency .
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