By Murthy Jayanthi, Sr. Director Product Management
Inventory tracking and management systems have long been tied to RFID tags, barcodes, readers, or even manual entry through spreadsheets or pencil and paper. Spotty coverage and non-existent location fingerprint and condition data make legacy solutions fall short of the expectations of today’s supply chain environments. The main issue with lack of continuous monitoring is that it creates scenarios where inventory is missing or not being tracked to its full potential. In both cases, there is an opportunity for greater operational efficiency, which can greatly impact your bottom line.
For too long, supply chains have been governed by rigid, siloed data. They’ve been limited by manual inputs, broken communications between functions and suppliers, and by using yesterday’s data to solve today’s problems. In a period of rapid technological innovation and increasing pressure to reduce bottom line waste, the time is ripe for a more agile system.
Cloudleaf was born at the convergence of several market factors: an increase in IoT technological advances, including battery power for sensor technology; lower cost of sensor tags; robust shifts in cloud communication systems; greater familiarity with digital application use, and advancements in AI, which can create $1.2-$2 trillion of value in supply chain management and manufacturing, according to a recent McKinsey report.
Cloudleaf’s modern, open platform provides unrivaled, continuous visibility and insight into your supply chain. By creating a digital twin including assets and materials, we make it possible for you to know where all your critical materials are at every step and stage, all the time. You’ll know their condition and status, including temperature, humidity, vibration and acceleration – and when thresholds for each are out of variance. The bottom line? You’ll have the right data, at the right time, to make the right decisions to drive the right business outcomes.