The Internet of Things, Machine Learning and In-Transit Visibility Revolutionizing Supply Chain
| Share | Share | Share | Share During the just-completed back-to-school season, retail sales were forecast to be flat to slightly up from 2015, presenting another test to merchants already facing a host of industry challenges. Traditional brick-and-mortar retailers face rising competition from online sellers like Amazon and Staples, in addition to other pressures being put on their profit margins. Challenges include omnichannel operations, supply chain costs, inventory visibility and customer acquisition. But 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. Chief among them is supply chain optimization, including in-transit visibility. Enterprise resource planning (ERP) and transportation management systems (TMSs) relied on by retailers do…
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The Internet of Things, Machine Learning and In-Transit Visibility Revolutionizing Supply Chain
