Supply chain visibility is critical to a company’s operational performance improvement, according to 63% of 149 responding companies in a survey conducted by Aberdeen Group.
“Visibility is a prerequisite to supply chain agility and responsiveness,” the report states.
And it requires tracking the location of a shipment not only at the transportation level, but also at a unit and item level.
Location tracking is good protection against shipment theft or loss, but companies need a deeper level of visibility for their products, according to FedEx.
The company’s solution? The IoT-inspired SenseAware, a sensor-based logistics solution.
SBL uses sensors to detect the shipment’s environmental conditions while warehoused or in transit and sends the data – via wireless communication devices – to a management software system where the data is collected, displayed, analyzed and stored.
It is “the basis of a powerful new central nervous system for the global supply chain,” according to FedEx.
The device is meant to provide intelligence that can help enterprises coordinate and manage product, information and financial flows.
Read more at SenseAware is FedEx’s Internet of Things Response to Supply Chain Optimization
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