Blog Post

Enhancing Your Company's Entire Supply Chain With Innovative Solutions

Adapt Ideations • May 3, 2021

An optimised supply chain requires the implementation of multiple facets such as stringent monitoring, tracking and near real-time communication.

Enhancing your company’s supply chain is imperative for the growth of your business. An effective supply chain enables greater operational efficiency to take place, thus reducing costs and increasing customer satisfaction. An optimised supply chain requires the implementation of multiple facets such as asset monitoring, tracking and near real-time communication. For many industries such as the pharmaceutical and food sector, cold chain management is imperative due to the sensitivity of products, while other industries such as the logistics sector asset monitoring is necessary. At Adapt Ideations we consider the whole supply chain and we listen to our customer’s needs to understand what solution would best meet their requirements.

A rising demand in vast medical supplies, catalysed by the global pandemic requires the most efficient export of pharmaceuticals. The pharmaceutical industry plays an important role in today’s society and is projected to be worth USD $1170 billion by 2021 as reported by the Business Research Company in 2018. Supply chain visibility of pharmaceutical companies increases the level of assurance that can be granted to their global clients. As reported by NSW Health, cold chain medication such as vaccines must be kept between 2–8 degrees to ensure their efficacy, with any slight deviations causing major monetary losses to incur. This means that the pharmaceutical industry must implement asset monitoring and supply chain visibility solutions to ensure correct storage and transportation is taking place. Through the increased ability to monitor the temperature, humidity and location of products the industry can reduce waste associated with deteriorated pharmaceuticals.

Adapt Ideations’ wireless temperature monitoring system PIXEL exemplifies innovation effectively. The wireless temperature monitoring system provides a viable solution for the monitoring of temperature-sensitive pharmaceuticals during cold chain storage. Adapt Ideations’ PIXEL monitors temperature and humidity. The device sends near real-time alerts which are sent back if deviations from set parameters occur. This solution enhances the visibility pharmaceutical companies have on their valuable assets whilst being stored.

Ineffective management and distribution of global food supply can cause major social and economic implications. A 2019 report by the United Nations reports that approximately 25% of the world population struggles to receive “safe, nutritious and sufficient” foods leading to social issues such as malnutrition and poverty. This equates to one-fourth of the global population or 2 billion people and demonstrates the immediate need for change. Social implications aside, the rate at which global food waste is growing costs the global economy approximately $1 trillion as cited by UN News in 2019. A further study released by the Food and Agriculture Organisation in 2019 (FAO) found that 14% of all food wasted occurs between harvest and retail. This highlights the need for greater asset monitoring and supply chain visibility solutions to reduce waste and ensure that regulations and compliance measures have been met.

Adapt Ideations understands that supply chains can be complex and difficult to manage globally. In particular the cold chain logistics of food requires greater levels of visibility to be achieved allowing further optimisation of the supply chain to occur. Adapt Ideations IoT enabled asset tracker KELVIN Pro enables the efficient tracking of high value shipments such as meat. The IoT enabled asset tracker is fitted with location and geo-fencing capabilities that allow companies to monitor and track the precise movements of their consignments. In addition, Adapt Ideations’ IoT enabled asset tracker allows light, shock and temperature to be monitored in near real-time. If any excursions from the set parameters occur, a near-real time alert is sent. Near real-time data is imperative for effective global food supply chains, as consistent and fast communication is needed to reduce supply chain challenges.

The logistics industry is an important industry that services a wide variety of sectors, and thus must operate effectively at all times. The logistics industry is projected to reach AUD $187 billion as reported by PRNewswire. Many challenges arise in the logistics industry, which can be narrowed down to originating from a lack of visibility. Unnecessary fuel costs, maintenance costs and mismanaged fleets are all rising challenges that can be alleviated through better fleet management. For the logistics industry, their fleets’ management and operational excellence is a major aspect of their supply chain and must be readily addressed. A study released by PwC in 2017 found that 50% of the current challenges that occur in the transport and logistics industry arise from a lack of digital culture, training and implementation of digital resources. As reported by Automotive Fleet in 2017, a well-maintained fleet can reduce a vehicle’s fuel costs by as much as 40% thus increasing operational efficiency for the logistics industry.

Adapt Ideations’ digital fleet management solution DRIVE can assist the logistics industry to reduce costs and enhance operational efficiency. The near real-time data gathered from DRIVE, enables logistics companies to continually monitor and track the location, distance and engine time of all their fleets. The fleet management solution is also fitted with acceleration sensors that detects when violations occur. Any deviations from the set sensor parameters result in near real-time alerts that allow businesses to take necessary action. Efficiency is key in asset management, and that is why all the data is easily accessible on our platform. Monitoring fleet activity enables greater operational efficiency to occur for the logistics industry.

Evidently, all industries face various supply chain challenges that when resolved can revolutionise their operational processes. At Adapt Ideations we strive to provide the most innovative and suitable solutions for all your supply chain challenges.

Get in touch with us today at enquiries@adaptideations.com to find out how you can enhance your supply chain processes.

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Awards & Recognition

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Best Temperature Monitoring Solution Provider

Awarded by India Biologics & Vaccines Outstanding Industry Awards 2022

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Adapt Ideations Recognised As A Supply Chain Leader

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