IoT and the Modern Value Chain by Gaurav Palta and John Murphy

By implementing modern best practices and architecting a digital, IoT-driven supply chain, organizations will be able to realize a number of benefits.

Today’s modern consumers expect faster and more flexible fulfillment options that provide full visibility into product information, availability, and lead times. With billions of networked devices—from cell phones and laptops to equipment sensors and wearable technology—the opportunities for significant innovation are vast. But so are the possibilities for exposure to risk and inefficiencies. The business battleground is moving, and the value chain is at the forefront of success or failure.

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Now, fast forward to 2020, there are 25-plus billion Internet of Things (IoT) devices and a “networked” economy approaching US$2 trillion. According to Bryan Tantzen, senior director of IoT at Cisco, “We have now crossed the chasm and people are waking up to the value at stake. Supply chain managers in particular are leveraging IoT to create a real-time supply chain where line operators take digital orders and integrate them immediately into production runs.”

To take advantage of the increasing deluge of data, commonly referred to as big data, businesses are replacing traditional methods with modern best practices. These practices are more focused on customers, enable faster and more responsive supply networks, inspire more profitable product innovation, and facilitate a more collaborative environment of empowered supply chain professionals.

By implementing modern best practices and architecting a digital, IoT-driven supply chain, organizations will be able to realize a number of benefits:

The business battleground is moving, and the value chain is at the forefront of success or
failure.

Increase focus on customers

As consumer-level information is captured by machine-to-machine communications, businesses can immediately analyze the data in multiple ways to create faster, more reliable, and more accurate forecasts so inventory and production levels are optimized. For example, in the not-so-distant future, sensors will be added to consumable items such as a gallon of milk. Milk producers will go beyond the shelves at retail outlets and into the homes of consumers to determine, in the short term, levels of consumption and, in the long term, patterns of consumption for individuals so they can better manage their supply chains and predict future demand and supply their retailers more efficiently. This level of detail was never before available. Read the complete article here.

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About Jürgen Kress
As a middleware expert Jürgen works at Oracle EMEA Alliances and Channels, responsible for Oracle’s EMEA Fusion Middleware partner business. He is the founder of the Oracle SOA & BPM and the WebLogic Partner Communities and the global Oracle Partner Advisory Councils. With more than 5000 members from all over the world the Middleware Partner Community is the most successful and active community at Oracle. Jürgen manages the community with monthly newsletters, webcasts and conferences. He hosts his annual Fusion Middleware Partner Community Forums and the Fusion Middleware Summer Camps, where more than 200 partners get product updates, roadmap insights and hands-on trainings. Supplemented by many web 2.0 tools like twitter, discussion forums, online communities, blogs and wikis. For the SOA & Cloud Symposium by Thomas Erl, Jürgen is a member of the steering board. He is also a frequent speaker at conferences like the SOA & BPM Integration Days, JAX, UKOUG, OUGN, or OOP.

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