KORE will be joining Reuters, Sony, Penske, and Thermo Fisher Scientific in a joint panel to discuss highly effective visibility in supply chains in its webinar “Reuters and KORE Present: Intelligent asset management throughout supply chain disruption.”
The webinar is November 10 and will discuss:
Having the most information available leads to the best decisions made for maximum business outcomes. This is especially true in the assets and logistics industry. Many solutions on the market for streamlining supply chains only allow insight into certain elements of the supply chain, when what is needed is a singular, holistic solution that allows for robust data and high visibility from end-to-end.
IoT can enable these results through critical asset monitoring and provide the following benefits:
A clearer view of the supply chain would mean a better understanding of supplier risk, which could potentially allow for a reduction in inventories. Additionally, high visibility distributes key knowledge amongst multiple owners, which helps reduce the risk of bottlenecks.
Being nimble in supply chain management and logistics lends itself to being proactive, instead of reactive to avoid potential disruptions. It’s easier to act in advance of an issue rather than managing it after the issue has risen.
From a proactive angle, visibility and actionable data allows planning ahead of and further streamlining if you’re not always putting out fires. With high visibility, supply chain managers can see the big picture across many supply chains through reliable, relevant data. A system for sharing data and information with real-time visibility can provide the highest level of monitoring to keep the components of supply chain functioning at maximum level.
Not just simply real-time data, but all-time data which provides a greater opportunity to learn what works and what doesn’t, and to make highly informed decisions to shift towards a more proactive logistics approach.
No matter where you’re moving assets, being able to move them reliably, timely, and consistently will enhance your business success.
And by leveraging actionable data and visibility, supply chains can move more efficiently, thus faster.
The KORE Critical Asset Monitoring (CAM) solution is an advanced, comprehensive solution to visualize and mitigate the risks associated with global, multi-modal supply chain operations. The solution allows early detection so customers can take action immediately and mitigate potential risks, as well as certify the integrity of the chain of custody for regulation, quality, and operational optimization.
CAM presents high dynamic estimated time of arrival predictions, including the ability to analyze location data and provide actionable insights, such as automatic way-point detection, route deviation, and shock detection
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