Shrinkage is the retailer’s nightmare. Every year, shrinkage costs retailers billions of pounds. Often, shrinkage is caused by theft or wastage however, some shrinkage, ‘unexplained’ or ‘unaccounted for’, is caused by poor inventory accounting. ‘Wooden dollars’
Supplier/customer disputes cost money, not to mention they are a massive pain in the ass
Supply chains are becoming more and more complex. More suppliers, more 3PL’s, more complex routing, more warehouses, more outlets. As the complexity increases, so too does the throughput. It’s inevitable that more errors will occur. Aside from the obvious costs to business such as lost
IoT systems need to talk to me, not the other way around
The Internet of Things (IoT) will enable business operators to learn more about their business-critical environments, an understanding and set of controls that they have never had before. This knowledge and understanding is critical in ever-evolving, complex environments such as supply chains.
Why collaboration in IoT is key
The Internet of Things (IoT) is a broad brush term for a number of transformational technologies. Not only do ‘things’ need to be connected through sensors or integrated technology, but the data needs to be communicated, processed, analysed and redistributed. The technology stack alone
How will IoT impact the Supply Chain?
The Internet of Things (IoT) is set to disrupt industry over the coming years. The creation of new operating models, greater data collection and analysis to improve understanding of business environments and automation of tasks are some of the key drivers for adoption. Entopy’s focus is on the