Much like the early clamor surrounding "Big Data," it has become next to impossible to avoid the "Internet of Things" (IoT) as the latest cross-industry catchphrase. However, while all the hype might imply that IoT is new, the term has actually been around since 1999, when Kevin Ashton, cofounder of MIT’s Auto-ID Center coined it in his seminal article, "That 'Internet of Things' Thing."
Executives want to know that their organization isn't wasting time or money. For logistics organizations, that means trucks should only be doing what is necessary to support the business, and nothing else, to ensure that time and money are invested only in value adding activities.
We live in a world rife with the daily experience (and expectation) of instant gratification. Nowhere is that demand greater than in the relationship between a business and its suppliers. From a delayed order confirmation email, to a missed delivery time, to a damaged or incorrect order"”these are the make-or-break occurrences that represent the distinction between happy customers and a suddenly precarious customer-supplier dynamic.