May 202017
 
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How It Works: Internet of Things

The Internet of Things (IoT) gives access to data from millions of devices. How does IoT work? What can be done with all the data generated?  Knowing how the Internet of Things (IoT)works is very important for supply chain.  In the coming years IoT will drastically change supply chain for the good.

 

Digital Supply Chain Quotes

  • “The Internet of Things (IoT) will impact supply chain in so many ways.  Either learn about it, or get left behind.” ~EverythingSupplyChain.com.
  • “If your current systems are giving you inaccurate reports will investing in big data mean you will still get inaccurate reports but just with more data?” ~SupplyChainToday.com
  • “Ideas are like rabbits. You get a couple and learn how to handle them, and pretty soon you have a dozen.” ~ Jonh Steinbeck
  • “You want to be extra rigorous about making the best possible thing you can. Find everything that’s wrong with it and fix it. Seek negative feedback, particularly from friends.” ~ Elon Musk
  • “The digital supply chain has the potential to completely change supply chain. However, do your due diligence before rushing in.” ~EverythingSupplyChain.com.
  • “If you don’t have standardized processes how are you going to provide a consistent way to automate them?” ~SupplyChainToday.com
  • “Unfortunately, there seems to be far more opportunity out there than ability…. We should remember that good fortune often happens when opportunity meets with preparation.” ~ Thomas Edison
  • “You can’t use up creativity. The more you use, the more you have.” ~ Maya Angelou
  • “Lets go invent tomorrow instead of worrying about what happened yesterday.” ~ Steve Jobs
  • “Listen to anyone with an original idea, no matter how absurd it may sound at first. If you put fences around people, you get sheep. Give people the room they need.” ~ William McKnight, 3M President
  • “Ideas are like rabbits. You get a couple and learn how to handle them, and pretty soon you have a dozen.” ~ Jonh Steinbeck
  • “It is impossible to improve any process until it is standardized. If the process is shifting from here to there, then any improvement will just be one more variation that is occasionally used and mostly ignored. One must standardize, and thus stabilize the process, before continuous improvement can be made.” ~ Masaaki Imai

Internet of Things

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