The integration of digital technology into all elements of a company, radically changing the way you operate, is known as digital transformation. This cultural shift drives organizations to question the current status quo, experiment, and learn from their failures. Such a shift toward digital transformation is also prevalent in the FMCG industry today.
However, when looking for new technologies, you’ll hear buzzwords like big data, artificial intelligence (AI), and blockchain. While some technologies work exactly as they sound, others can help you. With that in mind, here’s how digital transformation is helping the FMCG industry improve efficiency and cope with customer demands.
Logistics and Inventory
IoT solutions in the FMCG industry involve more than just monitoring machines. There’s more to it than that. For example, using smart devices such as cameras, sensors, and trackers, the Internet of Things may be used to control inventories. These gadgets employ RFID tags and barcodes to track inventories in real-time. As a result, FMCGs may downsize, detect inventory shortages and overstocks, and eliminate inefficiencies.
Aside from that, the function of IoT in digital transformation in the FMCG business is much broader. The sensors feed data to the central IoT gateway to track cars transporting FMCG product stockpiles. With such digital technology in place, it is simple to decrease product delivery delays and improve the whole company process.
Smart Connected Assets
Consumer goods companies must maximize their output to meet the market’s and customers’ expectations. This will require a large amount of equipment for manufacturing and packing the items. It is essential to guarantee that certain machinery or equipment functions properly and is not stolen.
The FMCG industry can benefit from digital transformation in this regard. For example, smart connected asset solutions allow FMCG companies to track their industrial assets through live location tracking while lowering operational expenses. Furthermore, it allows them to properly manage assets and equipment, resulting in increased production.
Connected Worker Solution
Employees are the lifeblood of any company. Whether your production process is automated or not, a company’s frontline employees are constantly aware of the industrial operations if anything unfavorable occurs. This is where connected worker solutions make frontline employees’ jobs a whole lot easier.
These solutions ensure communication with multiple industry information systems. As a result, workers can now manage regular production processes more effectively, increasing productivity. Furthermore, it digitizes documentation, simplifies the payroll process, and aids in the maintenance of personnel information.
Remote Asset Monitoring Systems
We know that a better production process ensures a better overall customer experience. The more efficient it is, the quicker products reach customers’ doorsteps. With the help of remote asset monitoring systems, businesses catering to the FMCG industry can now install IoT to track physical and environmental parameters in real-time.
These remote asset monitoring systems help FMCG businesses monitor and assess data remotely. You can utilize this cutting-edge tech to control your industrial machinery or devices.
There is no doubt that digital transformation is something the FMCG industry must consider if they want to remain competitive. However, don’t worry; the information shared today shows how digital transformation can help FMCG businesses stay competitive and become more efficient in today’s cutthroat business environment.