The apparel industry is going through drastic changes and innovations. The main factors which drive these changes are the consumers, channel, supply chain and the economic volatility. As the industry is becoming more consumer-oriented, now it is the consumers who define what they want. Therefore, the apparel manufacturers should provide them with products that meet their expectations and needs. Even though it brings many challenges for the manufactures, it also offers a plethora of opportunities for those who think forward. Here is when the IoT comes in to play.
IoT provides a vast amount of possibilities for the apparel manufacturers like Luxury Knit for process improvement through connected devices. It can help the business in a lot of ways, like increasing profit margins, reducing costs, opening up new revenue channels and improving the shopping experience for the customers. The following sections explain how IoT is having great impact on apparel manufacturing:
Inventory management: The problem many apparel manufacturers face is the inventory management. As they do not have a clear idea about the demand for a particular product, they will face difficulties in maintaining accurate levels of inventory. However, IoT offers a great solution for this problem. Different IoT technologies like sensors, robotic picking vehicles, smart shelves and doors etc. can give the manufacturers a clear idea about their stocks. IoT will help the apparel manufacturers to optimize their stocks based on the customer’s requirement rather than retail orders.
Asset monitoring: With the help of IoT, manufacturers will be able to monitor the entire manufacturing process and stocks. It enables the tracking of production asset, location monitoring, as well as the monitoring of other parameters like performance, quality, anomalies, bottlenecks etc.
Process efficiency: Through IoT the entire manufacturing process can be recorded in real-time. It enables the accessing of tasks completed by the workers, the time taken for completion, filtering through past orders and works, and to close the works in time. This data will help the managers to get a complete view of the entire process and will assist them in boosting process efficiency.
Process automation: In any manufacturing industry, there will be some specific tasks which are extremely time-intensive. But with the integration of IoT, this time range can be reduced significantly by automation of the processes. Robotics and automation can be implemented in every stages of production which will help to reduce labor intensity and completion time. This will increase the production speed and ensures fast delivery of products to the customers.