Week 7: Assignment – Five Critical Questions

Due Sunday by 11:59pm Points 100
Submitting a website url, a media recording, or a file upload

McKinsey and Company posted five critical questions about the Internet of Things to a panel
of experts. Please answer those five questions in the context of your company overall or the
supply chain of your company.

  1. What do you regard as the most interesting use of the Internet of Things?
  2. What is the biggest risk associated with the Internet of Things?
  3. What would one factor most accelerate the benefits of the Internet of Things?
  4. What’s one policy change that would accelerate the benefits of the Internet of Things?
  5. What’s the one piece of advice you would give your business leader interested in the
    Internet of Things?
    Now, put yourself in the role of Logistics Director, CFO, and CEO of your company. What are
    the key metrics you need to evaluate the performance of your logistics network? How often
    do you need to update those metrics? How can the Internet of Things help collect the data
    that is needed for those metrics.
    Please research the key metrics that support a 3PL, 4PL or internal logistics operation and
    provide your solution based on that research. Please also include any findings you may have
    that delineate both the pros and cons of the new technologies. Consider the McKinsey
    questions as well in your response.

Please follow the directions for this assignment. Research this topic for more info on this firm or company. Please
follow directions
https://www.mckinsey.com/featured-insights/internet-of-things/how-we-help-clients

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