Particle, the most widely-used Internet of Things device platform, revealed today its ideas for modernizing supply chain management through the Internet of Things. IoT technologies are proving revolutionary by providing inexpensive solutions to supply-chain management's costly and complex problems including asset tracking, state monitoring and data collection. In fact, in 2015 DHL and Cisco estimated that IoT technologies would have a $1.9-trillion-dollar impact on the logistics and supply-chain industries. 

According to CEO Zach Supalla, "These findings reflect a growing, global consensus that IoT is becoming an integral part of supply chain management," he said. "The near limitless opportunities for optimization that Particles' IoT technologies deliver make IoT desirable across the entire supply chain."

Forrester found that 19% of companies worldwide have already implemented some form of IoT technology into operations with 28% reporting plans to introduce at least one IoT solution. Supply chain management and delivery tracking were the most widely-cited targets for IoT implementation.

IoT solutions stand to make a monumental impact on supply chain management through:

• Increased Visibility - Knowing the location and condition of assets at all times dramatically improves efficiency
• Improved Demand Forecasting - Usage monitoring and other data facilitate accurate demand forecasting and open opportunities for novel revenue streams
• Improved Customer Service and Compliance - Reduced delivery times and increased item availability with sophisticated state monitoring ensures integrity of perishable and other cold chain goods
• Reduced Operating Costs - Reduced fuel costs, asset losses and customer claims lower the associated overhead
  

The Particle approach to supply chain-solutions includes cellular-connectivity modules, asset tracking solution, MVNO/cellular data, end-to-end encryption, security, SIM management, device management, data, analytics integration with supply chain tools, comprehensive development tools and a robust partner and service network enable fully customizable and configurable solutions.

Particle developed a white paper on this topic to discuss how IoT solutions stand to make such a monumental impact. "How the Internet of Things is Revolutionizing Supply-Chain Management" can be found here.