IoT - The future of automotive supply chain
With the introduction of Internet of Things (IoT), the data-driven optimization techniques have become adoptable by the automotive supply chain, pioneered for manufacturing. The evolution of multi-sensor cellular connected tracking systems into a global coverage greatly benefits the supply chain internationally. The coupling of a cloud-based monitoring system with a wireless tracking system and an analysis platform forms an IoT supply chain. The real-time location and the condition of the automotive are monitored by this tracking solution, thus providing the owners with enormous amounts of data that were previously hidden.
An IoT solution in an automotive supply chain can detect a drop in the tire pressure and alert the driver, giving him ample amount of time to sideline the vehicle and call for assistance. But, the simple IoT supply chain lacks the ability to support a few requirements of the retailers and the suppliers like reducing complexity and cost. Hence, an advanced supply chain is deployed, providing customers with a variety of innovative solutions to their complex problems.
Advanced supply chains or sometimes also called intelligent supply chains develop complex software that enables a manager to have full-time control visibility of the goods at every stage of the supply chain. This invokes less complex solutions with the reduction of cost and control complexity. Every new vehicle is expected to be supported by IoT in the coming future, including vehicle to vehicle communication via cloud. Data can be gathered from the vehicles by the manufacturers to improve the efficiency, safety and product design.