What is the role of IoT in supply chain management?
An example of an AI chatbot conversation about the role of IoT in supply chain management.
What is the role of IoT in supply chain management?
IoT plays a crucial role in supply chain management by enabling real-time tracking, improving efficiency, and reducing costs.
Can you give me some examples of IoT applications in supply chains?
Sure! Examples include smart inventory management, predictive maintenance of equipment, and real-time shipment tracking.
How does IoT improve inventory management?
IoT improves inventory management by providing real-time data on stock levels, automating reordering processes, and reducing human error.
What are the challenges of implementing IoT in supply chains?
Challenges include data security concerns, integration with existing systems, and the need for significant upfront investment.
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