It might seem odd that EDI, data exchange technology that’s been in existence for more than two decades, is the saving grace for global commerce. But, according to James H. Davis, director of sales for Amosoft, an EDI services and solutions entity, a vast majority of all commerce utilizes EDI. “EDI is older technology that continues to be significant in today’s global supply chain,” says Davis.
Software analytics let retailers track usage, monitor changes, determine reorders and calculate when and how much to reorder, and check inventory levels on an item-by-item basis. Control of inventory begins right at the cash register: the point-of-sale (POS). Now, inventory records are always up-to-date. This allows better decisions about ordering and merchandising.
You already know that IoT (Internet of Things) is a term that identifies items that have enough intelligence and communication abilities to send messages across the internet. Kevin Ashton supposedly coined the phrase "Internet of Things" while working for Procter & Gamble in 1999.