Internet of Things needs B2B Standards

B2B standards based on EDI or XML formats run the global economy. The benefits of these standards is primarily interoperability which makes it easier for parties to exchange and interpret data.

The recent unfortunate incident involving Malaysian Airliner crash has exposed the problem with machine and sensor data using proprietary formats. The moment a machine moves out of pre-determined path, other machines do not know what is going on and do not even understand  what object is showing up on radar.

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Why Integration is the Key to Visibility?

For companies, having a real-time, end-to-end view of their supply chain gives them the power to identify problems and resolve them with minimal cost and disruption. End-to-end view gives them the visibility to monitor and measure key performance indicators.

What they may not realize is that integrating internal and external applications and data is a fundamental building block for visibility and is a requirement for advanced supply chain analytics.

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Why B2B Integration Needs to Be The Foundation For Multi-Tier Supplier Control?

Every company wants to collaborate with suppliers and manage the entire supply process—from procurement through receipt. The benefits of doing this are huge – all the way from reducing costs to avoiding disruptions and even identifying bill of materials changes in real-time to change product requirements before it’s actually ordered.

Today, we will discuss the #1 most important factor that can transform your organization to achieve multi-tier supplier control.

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