From raw materials to completed items, from suppliers to consumers, supply chain planning optimizes the production and distribution of commodities. In essence, it’s a demand-driven act of equilibrium between scarcity and surplus.

A product’s lifespan is covered by product lifecycle management (PLM). Every piece of information throughout a product’s lifespan, from the innovative thinking of the product designer to the vital data being given and received by your IoT network, and eventually to the candid and timely feedback you receive from your consumers, is a part of a larger tale.

To satisfy corporate demands, resources, products, and services are acquired through the acquisition process, which also ensures the value, fairness, and quality of the products purchased. Accurately predicting order numbers is a significant difficulty for the sourcing and procurement teams,

From the beginning of the supply chain with raw materials and manufacture through the delivery of completed items to retailers or consumers — and even on to product service, returns and recycling — transportation involves the movement and storage of things.

A complete, dynamic software system known as a “manufacturing execution system,” or “MES,” records, documents, and manages the whole manufacturing process from raw materials to final items.

Asset management is the procedure for controlling and keeping up physical assets along the supply chain, from delivery fleets to industrial automation. Digital twins, M2M connection, and IoT sensors are revolutionizing EAM and enhancing efficiency, uptime, safety, and preventative and predictive maintenance.