Supply chains help in harmonizing and maintaining the balance between the production and delivery of those goods to the customers. The Internet of Things (IoT) helps in optimizing the supply chains for better profits in a faster and more efficient manner. The IoT provides companies with improved market opportunities. With the help of IoT the usage of the products by the customer can be tracked and accordingly the supply chains can be used to deliver the supplies on time rather than when requested. Change in the market can be observed very quickly and thus they can respond much faster and gain benefits.
Read more at: http://www.industryweek.com/supply-chain/internet-things-iot-opportunities-smarter-supply-chains