Affects of IoT on OEM Logistics

The introduction of the Internet of Things (IoT) into the manufacturing sector can significantly change logistics for an OEM's spare parts supply chain.

IoT technology can help end users improve equipment reliability, reduce spare parts inventories and help OEMs sell more services at higher margin, according to a recent report from ARC Advisory Group.

Manufacturers who incorporate IoT in condition monitoring, spare parts and equipment repair services are able to remotely monitor the health of their customers' plants, predict failures, more effectively order parts and anticipate repairs before a failure occurs. OEMs can improve their revenue streams, while enhancing customer uptime and satisfaction.

IoT enables OEMs to reduce the number of unplanned failures by improving spare parts inventory for faster responses to emergency repairs. Fewer emergency calls lead to more centrally-located inventory, opposed to regional or local locations.

More News:

  • Patent Dispute Settled Between Rockwell Automation and Beckhoff Automation

    Rockwell Automation's linear motor business, including its recent Jacobs Automation acquisition, has developed a substantial portfolio of patents comprising over 100 issued patents on linear motor technology alone.

  • Mergers, Acquisitions Alliances and Noteworthy News in Robotics

    Iten Industries, manufacturer of advanced composite components and materials headquartered in Ashtabula, Ohio, is now offering additive manufacturing and 3D printing services.

  • U.S. Economy Looks Up for Manufacturing Industries

    The August PMI is led by the highest recorded New Orders Index since April 2004, when it registered 67.1%.

  • ASME Forum Ignites 21st-Century Engineering

    Founder and president of HMI/SCADA software developer Iconics, Russ Agrusa, said the company is focusing on how to harness big data on any device and in any class of applications, and turn it into predictive analytics in manufacturing and business intelligence.

  • New Customer Care Center for Endress+Hauser

    To help customers keep up with today's challenges, Endress+Hauser's new, state-of-the-art Customer Center is suited to greet visitors with a top-notch certified training facility with multiple classrooms and its largest yet PTU controlled by Rockwell Automation's PlantPAx system for real-world process simulation with over 120 measuring points.

  • The Rise of Aluminum in the Industrial Sector

    It is not just price that makes aluminum appealing when put alongside copper in the production of items like electrical wires and cables, though.

  • Maverick Acquires CQS Innovation Expanding Process Expertise in the Life Sciences Industry

    The acquisition expands Maverick's size and scale as a global organization with 19 office locations and 500+ engineering professionals. In addition, Chris Roerig, current president of CQS Innovation, will join Maverick as industry manager for life sciences.

  • ISA Offers Cybersecurity Certificate Program

    The program consists of passing a course on using the ANSI/ISA-62443 standards to secure industrial control systems. The course is available in the classroom or online. Students must also pass a written exam in the classroom or online.

  • Fieldbus Groups 'Unite'

    The combined power of both organizations will aim to protect the investments that end users in process automation have made in HART and Foundation fieldbus communication technologies.

  • Guess Who Just Turned 125 Years Old?

    ABB recently celebrated its 125th anniversary in Finland.

All news »

What are your comments?

Join the discussion today. Login Here.

Comments

No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments