Challenge
To keep up with rapidly evolving demands retail supply chain managers need clear visibility into what’s happening with products all along the chain. And when it comes to effectively managing and locating products in transit, retailers need to:
- Know accurate ETAs for unloading resource and inventory management planning
- Manage supply chain management resources to mitigate demand fluctuations
- Predict the condition of goods for delivery and arrange replacement of damaged goods
Solution
A solution that provides end-to-end visibility of products across a retail organization can help improve overall supply chain management. Using a multi-edge computing (MEC) system running on 5G Ultra Wideband, including a network of critical asset sensors, cloud connections, machine learning, fleet monitoring and asset management tools, retailers can:
- Stream data into enterprise resource planning (ERP) systems
- Provide advanced sensor data analysis for better-informed decisions
- Receive near real-time alerts for improved location and condition monitoring
Benefits
By adding MEC technologies and a 5G Ultra Wideband solution to supply chain management systems, retailers can further optimize and automate just-in-time production and delivery processes. Plus, retailers can:
- Locate and track products along the supply chain in near real time with detailed data about products in transit
- Calculate accurate ETA data based on current traffic conditions and machine learning
- Reroute shipments during transit to avoid extended delays if issues arise with vehicle, road or rail conditions
- Protect product fulfillment if products are damaged in transit by efficiently providing alternate sourcing and transport options
- Enhance condition monitoring and shrinkage management by analyzing metadata about products in transit like storage temperature, shock, pressure and more
For discussion only. Verizon makes no representation that it can or will provide the proposed product/service/functionality depicted here at any specific time in the future or at all.