{"id":1563,"date":"2017-09-15T10:13:48","date_gmt":"2017-09-15T15:13:48","guid":{"rendered":"http:\/\/dev-mhisolutionsmag.officialdirectory.com\/?p=1563"},"modified":"2017-12-11T12:28:05","modified_gmt":"2017-12-11T18:28:05","slug":"7-ways-iiot-is-making-supply-chains-smarter-and-more-sustainable","status":"publish","type":"post","link":"https:\/\/www.mhisolutionsmag.com\/index.php\/2017\/09\/15\/7-ways-iiot-is-making-supply-chains-smarter-and-more-sustainable\/","title":{"rendered":"7 WAYS IIOT IS MAKING SUPPLY CHAINS SMARTER AND MORE SUSTAINABLE"},"content":{"rendered":"<p><strong>Companies Are Only Beginning to Leverage the Advantages, But the IIoT Is Already Producing Tangible Benefits for Many Corporations<\/strong><\/p>\n<p><em>By Carol Miller, MHI Vice President of Marketing and Communications<\/em><\/p>\n<p>When the 2017 MHI Annual Industry Report, \u201cNext-Generation Supply Chains: Digital, On-Demand and Always-On\u201d was released last April, it included\u2014for the first time\u2014research and insight into the Internet of Things (IoT).<\/p>\n<p>Defined by the report as \u201cthe use of the Internet to connect computing devices embedded in everyday objects, enabling them to send and receive data in real time,\u201d 55 percent of respondents from corporations throughout the supply chain said IoT technologies would be a source of disruption or competitive advantage, while 33 percent said they would support ongoing improvements.<\/p>\n<p>Within certain areas of supply chains, the Industrial Internet of Things (IIoT)\u2014or the devices embedded within industrial equipment\u2014already <strong>is<\/strong> making an impact on both operational intelligence and sustainability.<\/p>\n<p>The data from those devices, including sensors and artificial intelligence (AI), is being sent in real time along expanded communications networks, connecting enterprises to their manufacturing and distribution facilities, suppliers and transportation providers. This enables faster, real-time analytics for predictive decision making, and even allows certain decisions to be made by the equipment itself based on pre-set parameters and sophisticated programming.<\/p>\n<p>Ultimately, what IIoT creates is visibility. And having expanded views throughout all levels of a supply chain gives corporations greater control to mitigate the risk of disruption, says Prasad Satyavolu, chief digital officer and consulting leader in manufacturing and logistics at Cognizant, a digital consulting firm.<\/p>\n<p>\u201cThe IIoT is enabling deeper visibility to minimize disruption in multiple ways,\u201d he notes. \u201cManufacturers can take a closer look at production and transportation planning schedules from a variety of angles. IIoT constructs enable real-time risk assessments and allows managers to optimize their schedules more intelligently to avoid premium freight charges, overrun and overtime payments for labor, inventory mismatches, waste and scrap, damage to goods in transit, port congestion and unnecessary fuel consumption.\u201d<\/p>\n<p><a href=\"http:\/\/www.nxtbook.com\/naylor\/MHIQ\/MHIQ0417\/index.php#\/44\">Read more\u2026.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Companies Are Only Beginning to Leverage the Advantages, But the IIoT Is Already Producing Tangible Benefits for Many Corporations By Carol Miller, MHI Vice President of Marketing and Communications When the 2017 MHI Annual Industry Report, \u201cNext-Generation Supply Chains: Digital, On-Demand and Always-On\u201d was released last April, it included\u2014for the first time\u2014research and insight into &#8230;<\/p>\n","protected":false},"author":40,"featured_media":1539,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,13],"tags":[],"class_list":["post-1563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sustainability","category-technology"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - 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