Digitization in Product Movement
Dr. Jayant Joshi
Founder @ Ajay Techma Systems | with Passion for Achieving Business Excellence by Adoption of Technology and Digital Transformation
Emerging Technologies like Cloud, Internet of Things, Artificial Intelligence and Robotics are changing old business operations to new digital processes.
It is projected that Smartphone users in 2020 will be 2.8 billion. Smartphone has capabilities to support many digital applications. Scanning QR codes is a very popular application worldwide.
Many developers are identifying application areas for use in business operations and improvement to achieve excellence or better customer relationship.
These applications offer support of product movement in supply chain from manufacturing area to distribution till customer. This has simplified the adoption of seamless end to end digital supply chain management.
Benefits of Digitization from data collection and analysis are listed here
- Develop trust in Customer’s Mind about Product Movement due to Traceability application
- Assurance of product quality, as counterfeit products cannot enter in this Distribution
- Blockchain with Internet of Things can indicate Product Location on Real Time basis
- Data is available to all stake holders for better Business Decisions
- Protect Product Brand
- Enhance Supply Chain Visibility and better Logistics Planning
- Improve Customer Relationship
Ex Asst. Sr. Manager - IT, TOYOTA
4 å¹´Good summary on the benefits of Digitization Jayant. Using Blockchain along with IOT in tracking products and knowing precise product location will help prevent counterfeiting. Bar codes can be used especially where product sizes are smaller.
Business Consultant
4 å¹´Well articulated write-up on the benefits of digitization in supply chain processes