How Technology Can Sharpen Your Competitive Edge

Transcription

The tech race and IoTHow technology can sharpen your competitive edgeMANUFACTURING TRANSPORTATION SUPPLY CHAIN

THE RESEARCH IS INAND IT’S TIME TOGO BIG.Join the tech race with the Internetof Things to help improve yourcompetitive edge.Technology is rapidly advancing, and yourcompetition remains fierce. Take a look atIoT trends converging in manufacturing,transportation, and supply chain. If youaren’t thinking about how the Internet ofThings (IoT) can improve your business,you should be.

In this eBook, we share survey resultsabout IoT and its adoption within themanufacturing, transportation, and supplyRuntime 5 hrsALERTchain industries. This research suggeststhat IoT and business strategies tomaintain your competitive edge gotogether—enabling faster, more timely,and more informed decision-making.The #1 reason for IoT istimeliness of information52%1of manufacturers adoptIoT to be on the cuttingManufacturingTransportationSupply Chainedge of technology.2AT&T and Eye for Transport’s 2016 research findings from polling 600 supply chain decision-makers about IoT plans: “The Internet of Things (IoT) in Supply Chain and Logistics.” 2Frost and Sullivan’s research findings from polling 150 manufacturingemployees: “2017 Voice of Customer Study – IoT Manufacturing.” 2017 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliatedcompanies. All other marks are the property of their respective owners.1

From GPS tosensor logisticsMoving beyond simplelocation trackingMore business leaders are turning to IoT to sense and87%of respondents arelooking to expandtheir IoT.adapt, improve operational visibility, address regulatoryand compliance requirements, and respond to competitivepressures. While many have IoT solutions in place today,approximately 87% are looking to expand their use andinclude more diverse sensor information as part of theirdata collection process.Sensors considered high in importance include those that41%already have anIoT strategy inplace.64%have or areplanning an IoTstrategy.measure motion, humidity, vibration, shock, pressure, andeven light exposure. The top three uses of sensors are formeasuring speed, temperature, and asset security.Top 3 uses for sensors in the supplychain are for measuring speed,temperature and asset security.AT&T and Eye for Transport’s 2016 research findings, “The Internet of Things (IoT) in Supply Chain and Logistics”

Where are companies looking to improveoperational visibility?80%Land50%80% of supply chain companiesuse GPS location information.AT&T and Eye for Transport’s 2016 research findings, “The Internet of Things (IoT) in Supply Chain and Logistics”Air33%SeaCompanies’ #1 concern isloss prevention and theft.

Manufacturing andsupply chain visibilityRevealing your blind spots50%of manufacturers value IoT solutionsfor quality control, supply chain andinventory management.1 out every 2 manufacturers are driven to IoT by a desireto be on the cutting edge of technology and to be moreresponsive to market conditions. A smooth supply chainoperation is one way of keeping a production line moving sothat manufacturers can make and deliver goods on time.Supply chain visibility, management, and quality control arehigh priority areas for manufacturers. Shipments today moveacross many geographies, transfer through integrated supplychains, and change hands frequently. This can increase thepotential for supply chain delays that can, in turn, impactproduction schedules for manufacturers. IoT and sensorbased visibility can clear up blind spots, enable risk mitigation,and help with quick response times.IoT solutions can help you increase visibility fromthe point of manufacturing to the point of delivery.For manufacturers that use IoT today, more solutions wereimplemented for supply chain tracking and equipment andmachinery management. Of those surveyed, 55% of discretemanufacturers had implemented IoT for supply chain trackingalong with 71% of process manufacturers.“2017 Voice of Customer Study in IoT Manufacturing,” Frost & Sullivan

IoT inside manufacturing, transportation, and supply chainHigh VibrationALERTSensors, alerts, and notificationscan help protect workersRemotely manage equipment,set limits, and reduce costs withglobal visibility and automation toolsReduce machine downtime withpredictive maintenance alertsNeed MaintenanceALERTGet near real-time data about assets,components, and operating systems,thus helping eliminate inefficienciesMonitor the health of roboticsShare data across management,field workers, and staff to improveoperations and performanceGet cross-channel inventoryand tracking visibilityOn-time DepartureALERTEmploy telematics, routing,and fleet management and other toolsto help save time and moneyLift DetectedALERTUse near real-time vehicle and asset management datawith condition-based alerts for quality controland to reduce costs in transportation and supply chain

Know the benefitsThe tech touch in youroperationsToday’s IoT can deliver near real-time, end-to-end operationalReduce costs and create newefficiencies with fleet managementand intelligent routingRouting Without Fleet Managementinformation that can help companies sense and adapt to change.With emerging IoT solutions, transportation companies can: Build on operational effectiveness with new assetmanagement and mobile productivity tools Stay compliant on current laws, policies, and regulations Employ proactive maintenance to plan for scheduleddowntime Improve equipment operation while extending thelife of equipment Improve supply chain visibility and enable quickresponse times Utilize IoT visibility technology and sensors to helpguard against theft and pilferageRouting With Fleet Management

1 IN 3When IoT data flows in,will you use it or lose it?companies have implemented IoT solutions formanufacturing. Another 35% are considering adoptionin the near future. On average, companies have used IoTThe right information can help manufacturers respondsolutions only 2-3 years.faster to changing market conditions. But only 40% ofmanufacturing companies believe their organizationis knowledgeable about IoT solutions. Those reportingan “excellent” knowledge level were just 16% of largebusinesses and 12% of small businesses. That said, about60% of manufacturers reported plans to spend more on IoTrm2.comTop reasons for implementing IoT are to be on thecutting edge of technology and to improve responsiveness.in the next 12 to 24 months. When it’s time for your businessto take advantage of a sensor enriched supply chain, willyour business be ready?Key concerns include selecting the right solutions, upfront costs,security concerns, and implementation costs.Connected pallets allow businesses to monitor and trackgoods. Sensors inside the pallets can transmit information60%40%About 60% will spend more onIoT in the next 12-24 months.40% of manufacturingcompanies believetheir organizations areknowledgeable about IoTsolutions for manufacturing.about location, temperature, humidity, shock, and other datato enable improved inventory management, cargo conditionand security, improved customer satisfaction, and more.“2017 Voice of Customer Study in IoT Manufacturing,”Frost & Sullivan “What Do Shipping Pallets Have to do with Reducing Carbon Emissions?”AT&T Blog, June 27, 2017 /what do shippingpal.html

Regulatory and complianceAchieving the right checks with IoTIoT can help you monitor and improve your compliance with laws, policies, and regulations.IoT solutionscan help yourbusiness manageregulatory andcompliance needsELD Mandate and Hours of ServiceThe Federal Motor Carrier Safety Administration (FMCSA) enforces regulations such as theElectronic Logging Device (ELD) mandate to help prevent commercial motor vehicle-relatedfatalities and injuries and to make it easier to share records of duty status (RODS). Fleetmanagement solutions with services such as Hours of Service (HOS) automate data collection andhelp companies stay compliant.Food Safety Modernization ActThe Food Safety Modernization Act (FSMA) brought new regulations on food transportation.IoT solutions help companies stay compliant through detailed monitoring and record-keepingusing sensors that report shipping time, temperature, and other metrics required by the newU.S. Food and Drug Administration (FDA) regulations.Hours ofService

Return on investmentIoT can yield fast returnsROI12 to 18 mos.IoT is on the minds of manufacturing, transportation, andsupply chain companies because the investment can payoff and the benefits realized with a timely return. 50%of respondents revealed achieving a return on their IoTinvestments in as fast as 12 to 18 months.Some of the top reasons to utilize IoT include: Increased visibility Improved operational efficiency On-time delivery Enhanced customer experience Risk mitigation Response time speed Inventory visibility Increased asset utilization Quality assuranceSurvey results on ROIAT&T and Eye for Transport’s 2016 research findings, “The Internet of Things (IoT) in Supply Chainand Logistics”Initial deployments are achieving faster ROIsthan in the past, many realizing goals within12 to 18 months.

Why AT&T?Technologyfor the Digital AgeBusiness moves fast and we can help you stay aheadof the curve. We offer a comprehensive portfolio ofsolutions that enable a highly secure, data-drivenapproach to your business transformation.Internet of ThingsFleet ManagementTo learn more about how businesses aretransforming with solutions from AT&T, visitData Driven TransformationAsset ManagementCybersecurityCloudFor more information, call 877-265-2118Visit www.att.com/iot 2017 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registeredtrademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. Allother marks are the property of their respective owners.

competitive edge. Technology is rapidly advancing, and your competition remains fierce. Take a look at IoT trends converging in manufacturing, transportation, and supply chain. If you aren’t thinking about how the Internet of Things (IoT) can improve your business, y