Perhaps one of the most overlooked areas of retail success is supply chain effectiveness. Disruptions that impede products getting where they need to be – whether from the distributor to the warehouse, or delivered to the customer – can offset strides made to increase revenue and profits. At the heart of retail supply chain efficiency is transportation.
With the help of Internet of Things (IoT) technology, retailers are able to troubleshoot potential problems that cost time and money. And when issues beyond their control arise, they are better positioned make decisions to prepare for and overcome challenges. Here are three ways IoT applications are facilitating more effective transportation in the retail industry:
While IoT can help make a retailer’s transportation processes more efficient, compiling the data can also empower smaller organizations that rely on outside partners for their transportation needs. The data collected regarding on-time deliveries, product damage, and other details can identify partners that are costing them revenue. Data is king and IoT offers a direct line of sight into that data.
Learn how KORE can support your IoT implementation from start to finish, allowing you to focus on what is most important to your business. Learn more.