ARC: IoT changes logistics for the OEM spare parts supply chain
Sept. 8, 2015
Ralph Rio argues that fewer unplanned equipment failures mean the OEM doesn’t have to keep as much spare parts inventory on hand.
Suppose you’re in logistics for an equipment manufacturer or a maintenance manager in an operating plant, and a geek in your office keeps talking about the Internet of Things (IoT). Here is why you should listen:
The underlying technologies are available with no needed breakthroughs
Major companies such as IBM, Cisco, GE have IoT programs with product development and marketing campaigns
The potential business benefits for OEMs and end users are strong.