The inventory management and warehouse management processes deal with how materials are stored and moved within and out of an organization. The inventory and management processes are important efficiently moving goods in and out of warehouses on time, and transferring them appropriately through warehouses based on business needs. By efficiently, organizing the inward and outward flows of goods, warehouses can improve the amount of storage space available.
The Internet of Things has been having an impact on the inventory and warehouse processes. An IoT warehouse would enable smarter and more efficient processes by making warehouse processes more efficient by for example, integrating warehouse processes with fully independent and automated robots, to pick up products, and perform their respective processes. An effective IoT solution would need to integrate with existing systems, as well as support these newer devices and technology. An IoT solution could consolidate data from a variety of sources, and enable the most efficient business decision to be made. With this accumulation of data, existing and older data from these variety of sources, can be than used to also make business decisions in the future.
Source: http://www.inboundlogistics.com/cms/article/how-the-internet-of-things-impacts-supply-chains/