Internet of Things For Gen X, Y & Z
Compasses, maps, and telescopes – There was a time when a voyage by land or sea from one part of the world to another was considered a miracle. There were explorers who made history by traveling from one continent to the other. This voyage would take months or perhaps years to reach its completion and they returned home, if luck favored, like heroes. Back in those days, it was indeed a difficult task, and thanks to the generations that passed by, we are now in a supreme position to enjoy these routes in ways that would have been unimaginable to the founders of these maps. Now, what are we talking about?
From traveling for the first time to a point where travel by sea or air for leisure and fun took hundreds of years to happen, but we are living in a generation where the math of people traveling around the world is a crazy number that’s beyond counting. Change is everywhere. Normal mails have turned into emails. Bazaars have turned into online marketplaces. It’s a time where we send products through land or air to different parts of the world for personal and business reasons. Products that are manufactured in one part of the world are getting shipped and sold all over the world. Globalization has taken the world by storm and trade happens at home, abroad, and almost anywhere with just a touch of the phone. We spoke all this at length to project and understand where we were and where we have reached, and the nature of growth in the field of logistics and supply chain management, where it’s all about the operations involved in getting things from A to B for business reasons. But the way this process comes to life is a subject of wonder. It has clearly outgrown the thoughts and imaginations of all the visionaries of the past. It is growing faster than ever.
Time to learn the craft
To the elders above fifty years of age, the internet and social networking are still big news. It’s novel to them and they still find reasons to amuse themselves in the concept. The generation in the making is however different and simple internet operations are about to become obsolete soon. In the field of logistics and supply chain management, the style of operations is taking an upward curve and before long GenX and Z will have to equip themselves with trailblazing ideas and advanced techniques to be able to operate the chain efficiently. When we take a look at the Internet of Things and its positive trajectory, the need to adapt and be prepared will become clearer.
Internet of Things
Everything with an on/off switch is part of an interconnected network. IoT, in a nutshell, is a collection of interconnected physical devices that can monitor, exchange, and report data. It might sound like its simple, and surely it is. But the mechanisms involved in it are not. The well-knit unit has a particular style of its own and one has to be thorough with the knowledge on how to operate the systems in a working environment that depends entirely on IoT. When we think about the Internet of Things, it is not just about a working space that’s completely filled up by machines and AI. The IoT also includes people using devices to operate, to complete the circuit of communication between man and machines.
IoT devices usually use sensors for measurement. They have a system in place to check some important parameters. The devices measure aspects like location, temperature, humidity, light levels, movement, handling, speed, efficiency factors, error probabilities, and other environmental factors too. The list has everything in it, and it is true!
Part of The Change That’s Spreading Everywhere
Industry 4.0 is underway and there is no reason to be shocked to see such developments sprouting around us. The current trend of automation and data exchange in manufacturing technologies is termed as Industry 4.0, and this includes cyber-physical systems, cloud and cognitive computing, and the Internet of Things. The revolution intends to foster a smart factory that has fewer probabilities of error and more efficiency in working. There are modular factories who can take decentralized decisions. This may pose a serious threat to the working people in the world, but it is hard to stop the revolution when it’s already in full swing. Like a popular saying in the Malayalam language in India, “Naadodumbo naduve odanam”, which means when the country is progressing and moving forward in full swing, we have to catch up and run along with it, or we will lose sight of the future. The developments in industries like Logistics and supply chain management doesn’t mean people are about to lose their jobs. It simply means that GenX, Y, and Z have to flexible and ready to learn, adapt and move forward because, in the path of innovation, conventions don’t stand a chance. The Fourth Industrial revolution is already happening, and countries like Germany, Canada, Japan, Australia, and Switzerland are already in the race. From a period where someone crossed the sea for the first time, to a time where a wristwatch reaches the customer by sea or air – all this, using a phone – So, you can imagine the pace at which developments are happening in the world.
IoT in Supply Chain
IoT is a part of the industrial revolution that’s taking the world by storm. It’s an effective way to track and authenticate the logistics and supply chain using the latest technologies. Connectivity through IoT brings in data that can be turned into useful information. Good information can help supply chain run in a better way. When the supply chain is well monitored, there will surely be a spike in efficiency. If you look at the possibility of changes, it reaches high levels of optimization where the gathered digital data will help the system to function much faster. When this information is processed, the data transfer is digitally sped up, and the time required to make decisions will be considerably short. In a nutshell, it will be enhanced operations like never before. There are methods using which the storage conditions of the products can be monitored too.
Supply Chain monitoring, vehicle tracking, inventory management, safe transportation, and automation – these key components of interconnected logistics through IoT will uplift the standards of the industry.
What Changes here?
It’s automatic: It’s all about the next levels of operation. The plant machinery can be started and stopped automatically according to changing demands. There is more. The fleet activity can be efficiently monitored and factors like fuel, time of travel for the personnel involved, and power can be saved.
Minimal downtime: From critical machinery, the status and trend of operations and efficiency can be easily monitored. This means the problems on possible outages can be easily detected. When we can make repairs in minimal time, chances of downtime are less as well. If failures of machinery are detected, then the preventive maintenance can be done with only a low impact to production and logistics.
Asset tracking: Bar Codes and tracking numbers were the standard method of operation throughout the supply chain. But with IoT, these methods have become outdated. When there are more methodical and safer systems in place, why should we stick to the older methods? There are sensors that can seriously make a difference in these departments. Radiofrequency Identification and GPS sensors have the capacity to track products from store-to-store. Even the most intrinsic details of the system can be captured through this. Temperature, amount of time a product spends inside a cargo, and how long it takes for it to be off the shack are information that can be procured in a flash. It’s like the raw materials and finished goods can speak. Through the interconnected network, it is easy to read the inventory like a book.
Vendor Relations: The number of products in stock is vital information to schedule the next buy for any company. Asset tracking becomes important here because it allows the companies to tweak their production schedules. This, in turn, helps in maintaining healthy relationships with vendors. Technology plays an important role in the value of a company’s products and services, but suppliers are the key players here. In the hierarchy of returns, it is one of the most important levels to be derived from the business. When you have higher quality goods, better relationships can be maintained with the customers. The monitoring of these goods can be effectively done using IoT.
Predictive Analysis: When large amounts of data are collected about the supply chain, the chances of improvement are more. Gone are the times where a simple excel sheet will do the tally on inventory and products shipped or received. With a decentralized system that helps in efficiently monitoring the goods and services of the organization, chances of error are less. Supply chain executives have the onus of taking fast and tough decisions here. Chances of human error are more. With IoT, this becomes much easier. The executives can use the information and easily come to conclusions. This will mitigate risks and improve the time-to-productivity ratio of the employees and the company at large.
Time management: Self-driving vehicles and drone delivery are part of the family already. It’s certainly exciting, and moreover, it also helps in saving time. The predictive analysis of data, asset tracking, and automation in the functioning of the machinery saves a lot of valuable time for the organization. From fleet management to warehousing of the products, IoT plays an important role here.
Growing Opportunities in Supply Chain
We are witnessing a massive expansion in trade. The logistics and supply chain market is undergoing a revolution. This is good news for people who wish to have a career in this industry. According to trade experts, there will be millions of jobs to fill in the years to come. By 2020, over 70% of the companies in the world will use predictive analytics, and wearable technology in their supply chains, predicts Deloitte. But there is yet another prediction that will call to action the best of preparedness for those who are willing to take up a career in this field. Trade analysts have made the estimation that by 2020 the number of interconnected devices will fly up from 20 billion to a staggering 40 billion in total. The global spending on this area can touch $ 6 trillion, predicts Business Insider. This shift will have a huge impact on the roles and skill sets required for the candidates in the near future. This means that the organizations will be looking for candidates with a complete understanding of the emerging technologies. They should possess the ability to assimilate these technological advancements and try to improve the value of the supply chain.
However, there are increased probabilities for the talent gap in the market as well. The hiring of candidates can indeed be a difficult task. Telematics, Warehouse Management software, Workforce management software, and knowledge about other IoT devices and applications – It is not easy at all. The requirements have changed and the need of the hour is different. Someone who has decades of experience in the industry will have to be flexible enough to try and adapt to these changing environments, or it is tough. One can either survive or also thrive. Similarly, we should understand that when a product from different continent arrives at your doorstep in a fortnight, what will be the quality of operations that will have to be overseen backstage? It’s huge!
From Cyber Security to knowledge in handling automated devices, the team members should be well aware of everything inside an organization. A candidate vying for a career in the field of supply chain and logistics should possess all the new-gen techniques and skills, and not just conventional knowledge from textbooks. There are identification sensors, proximity sensors, detection sensors, and temperature sensors in IoT. Name it, and you have it.
As there are automated machines and advanced monitoring systems, the chances of error are less. From an employee’s point of view, it can be easy too, because the IoT ensures fewer probabilities of error. But on the other hand, if the data and technology are not handled wisely, then it will lead to more problems. This is where Headhunters enter the picture.
Internet of Things For Gen X, Y & Z
Nothing is old school anymore. The quality of most of the operations in this world is on the rise. We are not dealing with conventional techniques on building, research and development anymore. In a world that’s rapidly changing with passing days, everything is new. To be able to catch up with such advancements, headhunters will be increasingly helpful. They can help the candidates in getting sufficient training. This will help them remain competitive in the market.
For an employer, there is no time for trial and error. There has to be precision. An organization will want their employees to know about everything that happens within the company. Work is divided, but when there are innovative developments happening every day, it is often hard for the candidates to catch up with new knowledge. With Headhunters in place, error probabilities are less. There are special recruitment agencies who deal with IoT and some others who specialize in Big Data. When a candidate gets sufficiently trained, it becomes beneficial for both the employee and the employer.
These experts who are specialized in the end-to-end supply chain make a big difference in the efficiency of the organization. Ranging from Chief Supply chain officer to Logistics managers, they train and help in hiring the best.
How to Choose a Good Talent Firm?
A firm that helps in recruiting candidates should possess a good amount of experience within their team. They should have a deep and broad supply chain recruiting experience, with the ability to understand a company’s supply chain because every organization will have unique patterns. This will, in turn, ensure the identification and engagement of the right talent based on the criteria of the client.
There are different types of organizations and each one will have its own working model. There are candidates in search of jobs after they graduate. The training required for each of these candidates will be different based on the urgency of the organizations looking to hire them. From a candidate’s point of view, he/she has to be at the right place especially if they are beginners. Even if the candidates have the experience, they need to be placed in the right environment. A talent organization ensures that a robust candidate assessment process is conducted to deliver candidates who can meet or exceed the client’s expectations. On the other side of the coin, a person hunting for a job can land at the right spot!
Change is the only constant and dreams are the designers of everything that changes around us. In a rapidly progressing world, challenges are huge, but they can be dealt in style if you have the right frame of mind to learn, adapt and improve at each step of the career. Here with IoT, the entire working formula of the organizations and business enterprises are about to change. Fasten your seatbelts, because a revolution is on the way.