BACKGROUND
Supply chain management is considered the backbone of a nation. In today’s interconnected world, the smooth functioning of the supply chain is critical as it links numerous markets, suppliers, and consumers dispersed across geographies. By fusing several layers of data into a single perspective, location technology provides business with situational awareness, allowing better decision-making and leading to a more efficient, resilient and maximized supply chain.
The logistics and supply chain sector suffers from an overreliance of manual operations and maintaining large amounts of data in many formats and locations. Location technology presents great prospects in supporting the sector’s growth and maximize productivity during a time of rapid technical advancement and national digital transformation. Read More...
Some of the biggest difficulties in supply chain management include vehicle tracking, driving behavior analysis, fleet alarms, fuel management, route planning and monitoring, inventory management, facility monitoring, traceability, demand prediction, retail consumption analysis, third- party logistics, reverse logistics, last mile delivery, and end-to-end logistics services. These problems can be resolved with the aid of location technology using effective solutions and planned management.
Utilizing location technology, such as Satellite Hyperspectral Images, drones, LIDAR, IoT, IIoT and sensors, automatically reduces complexity by highlighting subtle geographic patterns and relationships that can serve as the foundation for better decision-making, simpler processes and a robust supply chain.
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