Supply chain management, or SCM, is becoming a more critical job every year, as more consumers turn to e-commerce and warehouses and distribution centers grow. Technology is catching up to the exponential expansion of this industry, but it’s been a slow process. It’s a lot of work for one person, or even a team, to sort through thousands or millions of orders. Machine learning is on the cusp of becoming the next big thing in SCM. How will machine learning change how companies manage their supply chains?
IoT Inventory Management
The logistics industry as a whole has been making the slow transition to warehouse management software over the last decade or so. IoT could take the entire industry to the next level, at least concerning inventory management. In a warehouse, there’s nothing worse than not being able to find something that needs to get shipped out to a customer.
Attaching IoT sensors to products or bins makes picking painless — instead of searching through the warehouse for a particular item, the warehouse management software uses these sensors to tell you exactly where the product is, how many of them are in the facility, and whether you need to order more to keep up …