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This document discusses the use of IoT in logistics. It begins with defining logistics and explaining how IoT can impact logistics operations through real-time tracking and automation. Some key applications of IoT in logistics discussed include location management systems, inventory tracking, predictive analytics, supply chain management using blockchain, self-driving vehicles, and drone-based delivery. The document explains how each of these applications can improve logistics operations and help meet customer requirements.
This document discusses the use of IoT in logistics. It begins with defining logistics and explaining how IoT can impact logistics operations through real-time tracking and automation. Some key applications of IoT in logistics discussed include location management systems, inventory tracking, predictive analytics, supply chain management using blockchain, self-driving vehicles, and drone-based delivery. The document explains how each of these applications can improve logistics operations and help meet customer requirements.
This document discusses the use of IoT in logistics. It begins with defining logistics and explaining how IoT can impact logistics operations through real-time tracking and automation. Some key applications of IoT in logistics discussed include location management systems, inventory tracking, predictive analytics, supply chain management using blockchain, self-driving vehicles, and drone-based delivery. The document explains how each of these applications can improve logistics operations and help meet customer requirements.
KAILAS M U 1DS15ME049 KANTALE SHARAN KUMAR 1DS15ME050 KARTHIK G C 1DS15ME052 KIRAN KUMAR T M 1DS15ME054 KIRAN NAGAPPA SHINDE 1DS15ME055 KIRAN S 1DS15ME056 What is logistics? IoT in Logistics and its impact Need of IoT in Logistics Applications What is logistics?
Logistics is the management of the flow of things
between the point of origin and the point of consumption in order to meet requirements of customers or corporations. o Logistics operators, business as well as end consumers are seen the bright side of IoT when implemented to complement Logistics operations. o Experts identify areas in Logistics operations that can be automated with Internet of Things. Following pointers will give you a clear picture of impact of IoT on Logistics operations management: o Get real time updates on each operation of logistics
o Check the status of assets or parcel and get
accurate information about the same o Monitor and analyze how the assets are performing to improve their overall speed and cut the time to delivery o Automate several operations by programming devices to work as per a set of predefined rules in order to reduce human intervention, eliminate human error, improve quality and lower the costs. Such real time tracking of parcels and assets helps in optimizing the overall logistics operations lifecycle. o Cloud computing and Big Data have made it possible to manage large data sets and analyze it using appropriate tools. o While such technologies are now easily available, logistics industry aims to make the most of IoT to gather large amounts of data that could help them in refining operations for maximum benefit. Some obvious reasons that dictate the need of IoT in logistics industry are as stated below: o Get real time updates on each operation of logistics. o Check the status of assets or parcel and get accurate information about the same. o Monitor and analyze how the assets are performing to improve their overall speed and cut the time to delivery. o Automation several operations by programming devices to work as per a set of predefined rules in order to reduce human intervention, eliminate human error, improve quality and lower the costs. 1. Location management systems o In the logistics domain, IoT can create a smart location management system that will enable companies to easily track driver activities, vehicle location, and delivery status. o Once goods are delivered or come to a certain place, a manager is notified by a push message. o Such a solution is an irreplaceable assistant in delivery planning and compilation and viewing of schedules. o All changes are instantly detected and reflected in real time. o So, IoT technology can be successfully used for improving location management and streamlining business processes. 2. Inventory tracking and warehousing Inventory management and warehousing are one of the most important parts of the connected logistics ecosystem. The placement of small inexpensive sensors will allow companies to easily track inventory items, monitor their status and position and create a smart warehouse system. With the help of IoT technology employees will be able to successfully prevent any losses, ensure safe storage of goods, as well as efficiently locating an item needed. By now, almost all logistics companies have already adopted such IoT solutions in their work. The minimization of human errors also becomes possible due to IoT. 3. IoT technology and predictive analytics o Predictive analytics is taking center stage in different industries, helping companies and corporations create effective business development strategies, improve the decision-making process, make smart business insights, manage risks and a lot more. o Internet-enabled devices are here to collect large data amounts and transmit them to the central system for further analysis. o IoT and predictive analytics solutions can be applied for route and delivery planning and identification of various defects before something goes wrong. o The results are a timely replacement of machinery parts, prevention of any crashes and efficient vehicle/equipment maintenance. 4. IoT and block chain for supply chain management Supply chain management carries various challenges, from illegal food practices to taking care of product conditions. That’s why both companies and their customers want the option to trace the product lifecycle – from the origin of goods to their transportation to the customer’s hands. While blockchain can solve many IoT security issues, it can add great value to supply chains too. Walking hand in hand, they can fulfill the need for supply chain security, transparency and traceability. The placement of radio-frequency identification tags and sensors will allow monitoring of things such as product temperature and humidity, vehicle location and stages of the transportation process. The data is recorded and saved in the blockchain, every product is given a digital ID that secures all information about it along with the product lifecycle. 5. Self-driving vehicles o In the near future, we will become the witnesses of the widespread use and adoption of self-driving vehicles, being tested at the moment. Logistics companies will be the first to take an advantage of their integration into business processes. o While IoT devices are responsible for collecting large data amounts, the analytics system turns them into smart driving routes and directions. o This way, businesses can also minimize car accidents, reduce operating costs and optimize road traffic. 6. Drone-based delivery
o Drones, having the highest potential in retail, logistics, agriculture and e-
commerce, drones and droids can add speed and efficiency to the working environment. o In the logistics industry, drones can ensure business process automation by providing smart inventory tracking, fast transportation of goods, and instant in-store delivery. What’s more, they enable to solve last-mile delivery problems.