M2M technology to help streamline supply chain operations: AT&T, eft
September 24, 2014
M2M technology is set to overtake the use of radiofrequency identification (RFID) and bar codes as a tool for gathering information along the supply chain, according to new research from AT&T and eyefortransport (eft).
As a means of gathering information, M2M is quickly gaining in popularity and will soon rank second only to GPS as a ‘visibility tool’, according to the results of a survey carried out by eyefortransport, which describes itself as an expert in logistics business intelligence.
Some 350 industry executives participated in the survey to shed light on how companies use or plan to use M2M technology within the supply chain.
Almost 90% of those respondents reported that improving operational visibility and real-time information is either ‘critical and necessary’ or ‘very important’.
The survey also revealed that organizations are becoming more sophisticated in their visibility requirements, looking beyond location checks for near real-time information on temperature, security, vibration and other environmental conditions that are critical to maintaining the quality of goods from departure to destination.
“M2M technology, also referred to as the ‘Internet of Things’ is becoming prevalent throughout society and business; the supply chain is no exception, indeed one could argue that supply chain and transportation has a huge amount to gain from the adoption of M2M technology,” said Chris Saynor, the chief executive of eft.
“The ability to collect accurate data in real time is a vital component of a successful supply chain,” added Saynor. “M2M technology is enabling this, and allowing companies to make effective decisions.”
AT&T (Dallas, TX, USA) says that M2M technology is not only helping to streamline operations throughout the supply chain, but also providing businesses with the ability to transform how they interact and communicate with customers.
“We are on the front lines with businesses of all sizes creating, managing and deploying the M2M solutions they need to stay competitive,” said Mike Troiano, the vice president of advanced mobility solutions for AT&T Mobile and Business Solutions.