Online Learning Update

September 24, 2016

The Internet of Things, Machine Learning and In-Transit Visibility Revolutionizing Supply Chain

Filed under: Online Learning News — Ray Schroeder @ 12:05 am


There are new technologies and solutions—related to the Internet of Things (IoT)—that are creating opportunities for retailers to improve omnichannel operations, better manage inventories, reduce logistics costs, and retain and acquire customers. But the IoT—along with Big Data—offers a solution to unlock end-to-end supply chain visibility, giving retailers the ability to save costs through improved efficiency by better planning with analytics and machine learning. Chief among these benefits are increases in on-time deliveries, reductions in planning and scheduling costs, opportunities to decrease inventories, reduced transportation costs and improved cross-docking efficiency. Combined, these benefits enable a retailer to improve customer service, and increase revenue and margins.

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