The Internet Of Things ( Iot )

1750 Words7 Pages
Executive Summary The Internet of Things (IoT) is known for wearable gadgets such as the new Apple watch or fitness wearables such as Fitbit. Information is gathered from these devices and displayed on users’ computers and smartphones, to let consumers track such things as fitness. There are devices for the medical field to help patients track vital signs and have those transmitted to their doctors back at their offices. Rivera & Goasduff (2014) suggest the Internet of Things (IoT) is forecast to reach 26 billion installed units by 2020, up from 0.9 billion just five years ago, and will impact the information available to supply chain leaders and how the supply chain operates. Tayal (2014) Supply chain management includes all…show more content…
Connected Equipment Tractor Trailer Westerman (2014) A service provided by Daimler Trucks North America (DTNA) installs sensors in their diesel engines to record performance data and relay it to their customer service center where a team of professionals look at the data to diagnose the issue. If a driver has a warning light go on, the customer service center contacts the driver to let them know if the issue is something to worry about. If there is an immediate need for service the customer service center lets the driver know where the nearest garage is located, lets him/her know that the parts, if needed, are on their way. The driver, when they arrive, can pull directly into a repair bay so they can get back on the road as quickly as possible. DTNA sells this service with their truck brands. For drivers it is a sigh of relief to know that their tractor trailer is being monitored whenever it is on the road, to catch an issue before it becomes more serious. This can be beneficial for Keurig Green Mountain, Inc., in the following ways. First this reduces overall expenses on transportation by continually monitoring a trucks engine. Issues will be caught before they become serious issues which are generally more expensive. Second, by catching issues with a vehicle and having them maintained on a regular basis will keep down time to a minimum so they can be left on the road making the company more money. Third, with vehicles in optimal
Open Document