Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Case 3 - 1 . myIoT Inc. myloT Inc. is a mid - sized technology company that was early to market with Internet of Things
Case myIoT Inc.
myloT Inc. is a midsized technology company that was early to market with Internet of Things IoT
devices for the home. They make security cameras, thermostats, and lighting products that have Internet
functionality for home automation. myIoT products have done well selling to specialty lighting retailers
and the company is preparing to sell its awardwinning products through major chains like Best Buy and
The Home Depot. The company is also planning to expand its website from an information portal to an e
commerce website for direct sales.
Despite being a technology product company, myloT is not particularly sophisticated in terms of
transportation management technology. Since the inception of the company, spreadsheets, a simple
database, and basic shipping software provided by a trucking company have served as the transportation
information backbone of the company. With the growth in sales and larger orders rolling in this homegrown
"transportation management system" is starting to fail. An audit by an external consultant revealed that
shipments are being routed inefficiently, the optimal carriers are not being selected, documents are
incomplete, and deliveries are arriving late. Furthermore, myIoT has very limited visibility of intransit
freight and can't answer customer questions effectively.
Danny Updike, CEO of myIoT, grew increasingly frustrated as he read the auditor's report aloud to his
leadership team. He concluded by saying: "How the heck can a technology products company be so inept
at using technology to run its business? We need to get this issue resolved ASAP. Those holiday orders
from the huge retailers will start to ship out in three months. We will lose their business with these types of
basic transportation problems. Fix it now." Updike slammed the report on the table and stormed out of the
conference room.
After the outburst, the remaining executives turned to Victor Michel for a solution. The transportation vice
president responded by saying: "I have been telling you folks for a year that this was a growing problem
and have been doing some research on technology options. Give me a reasonable budget and two months.
We will replace our patchwork 'systems' with a transportation solution that really works." How can myIoT benefit from TMS that deploys artificial intelligence capabilities and carriers that
provide advanced freight monitoring capabilities?
As the myIoT online business grows, how can the company use emerging technologies to support
final mile deliveries?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started