A Multi-Pronged Approach for Improving and Optimizing the Supply Chain, Part 1
For food, pharmaceuticals and other products, maintaining proper temperature throughout the supply chain is key for controlling product quality, compliance and profitability.
With the fast-paced nature of the supply chain, it can be challenging to protect products from points of origin to final destinations due to a lack of visibility into where the cargo is, and what is its condition at any given moment. Without clear, real-time insights, it can be difficult to maintain product integrity, meet compliance mandates, control costs and manage risks.
Thanks to the use of cargo monitoring sensors based on the Internet of Things (IoT) technology, companies can now track cargo right down to the item level. When sensors travel with the cargo, there is greater granularity into real-time temperature and location data captured than when sensors only track drivers, shipping containers or trailers.
That detailed data, when utilized effectively, results in the insights companies need to be assured that their cargo is in good condition at any given moment.
Taking advantage of data to improve quality and operations
Sensitech has found that customers who use a multi-pronged approach to collect, manage and analyze their supply chain data have a better opportunity to improve quality and operational efficiency. With this approach, customers can effectively use data for:
- Transactional decisions. Collecting real-time and historical data helps customers make day-to-day tactical decisions such as acting on alerts to intervene on in-transit shipments, or using that data to facilitate dock-level accept or reject decisions by shipment on arrival.
- Continuous improvement decisions. Aggregating data over time develops in-depth analyses to help customers identify trends and patterns, facilitate efficiencies in quality control and operations, and create long-term continuous improvements.
This approach is backed by these three key data strategies:
- Collect clean and comprehensive data that drives actionable outcomes and leads to measurable improvements.
- Consume data in a way that facilitates both tactical and strategic decision making.
- Analyze the data and collaborate with supply chain partners to improve quality, reduce costs, and increase efficiency.
Quality, logistics, operations, and purchasing personnel are often responsible for managing complex global supply chains, including the data strategies mentioned above; however, companies like Sensitech can help them develop an effective data-driven program for monitoring and improving cold chain logistics that goes beyond just product quality.
Sensitech programs include well-developed processes for collecting, consuming and using the data; innovative software for managing and analyzing the data; and expert personnel that can address and simplify complex chain management while helping customers gain operational efficiencies.
Don’t miss part two in this series, Collect Clean and Comprehensive Data for Better Decision Making, focusing on collecting clean and comprehensive data and how it can be utilized.
Contact one of our Sensitech cold chain specialists today if you would like to learn more.