Internet of Things has taken the world with a storm. It has delivered opportunities to almost every industry and function. Supply chain is not an exception to this. With the increasing number of online businesses, the importance of this function of management has increased multifold. Combining internet of things with this has introduced us to a vast expanse of opportunities and made the supply chain smarter.

Maha Muzumdar, in his article at Industry Week has shared a list of supply chain opportunities that companies can exploit by leveraging IoT technology. They are:

• Better Predictability of Demand & Inventory Visibility
• Better Tracking & Efficiency
• Accelerated Innovation & Product Support
• Improved Alignment & Collaboration
• Sustainability & Quality

He has also stressed upon the fact that supply chain executives must adapt IoT in their processes as soon as possible to gain its maximum benefits.

To know more, please visit the following link:

http://www.industryweek.com/supply-chain/internet-things-iot-opportunities-smarter-supply-chains?page=1

“Analyzing and streamlining the supply chain is one way to help companies respond more quickly to the fast pace of business today while boosting operational efficiency.”

- Glenn Johnson

Efficiency in supply chain management provides an extra edge to any organization as it helps in reducing costs, speeding time to market, better customer experiences as well as flexible operations. Glenn Johnson, in his article at smartdatacollective.com has shared 5 tips for streamlining supply chain that will result in more profitable operations. They are:

1. Review and optimize supply chain processes
2. Integrate your supply chain
3. Leverage existing systems
4. Abolish duplicate data
5. Understand the big picture

To understand them in detail, please visit the following link:

http://smartdatacollective.com/magicsoftware/312051/5-tips-streamlining-supply-chain