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How Does IoT Empower Asset Traceability in Process Manufacturing IoT technology has extensively empowered the entire manufacturing landscape, including process and discrete industries, and its influence has been nothing short of revolutionary. IoT applications have transformed and continue to transform manufacturing operations across the board. However, one of the most critical technological breakthroughs and innovative applications of IoT applications in the process industry has been in enabling asset traceability across the manufacturing landscape, even remotely. Why is asset traceability crucial for the process manufacturing ecosystem? How does visibility of your asset build productivity and operational excellence? How can IoT deliver the best of asset tracking capabilities? Let’s find out.

Know where your asset is Asset traceabilty, in terms of people, process, or equipment, is one of the most promising application areas of in manufacturing. Knowing where every enterprise asset is, at every point of time, is critical to improve operational performance. While asset tracing has been in practice over the years, the advent of advanced IoT technologies has catapulted it to a greater role than ever before. Today's advanced asset tracking solutions provide organizations an opportunity to accurately track their high-value assets in real time, thus improving their supply chain and logistics operations. All process manufacturers encounter challenges in managing assets effectively, attaining enterprise-wide asset transparency and spotting potential issues early. Remote tracking of assets can reduce risk, save money, and create new revenue streams for businesses. Not only do you know the precise location of an asset, but modern tracking solutions also allow for monitoring its performance, condition, and potential scope for problems in real time as well. Tracking systems report data such as temperature, shock, vibration, pressure, and tilt of the assets. Thus asset tracing solutions not only ensure that materials are delivered safely and on time but also confirm that the quality across the entire process is maintained above threshold. Asset tracking and monitoring methodologies range from simple scanning barcode labels attached to the assets to using tags using GPS, BLE or RFID that broadcast their location.

Track and monitor your assets IoT-enabled asset tracking and monitoring solutions through IoT sensors and IoT devices help achieve the following goals: 

Locate and identify any lost or stolen items for better theft prevention and recovery. Embedded trackers in products help in avoiding lost shipments, minimizing inventory and invoicing accurately. If an item is lost or stolen, trackers allow locating their exact position. This saves replacement costs and time spent tracking the items down.


Monitor event alerts or triggers and take immediate action to reduce any negative impact on logistics. Setting up notifications for major events helps to respond to them quickly. For instance, a tracking device would notify if one of the vehicles hasn’t reached its destination, allowing you to immediately work out a solution.

Enhance productivity by remotely monitoring assets and infrastructure. IoT-enabled asset tracking allows you to manage thousands of geographically scattered assets from one location. You can also monitor whether your assets are used properly and take appropriate action if needed.

Reduce inventory time and achieve real-time physical inventory of assets. Asset tracking helps to replace inventory at the right time to maximize profitability. It enables offering services such as proactively replenishing parts or supplies to customers.

Consolidate more detailed data. When you use IoT-enabled asset tracking, statistics that are manually difficult to track are analyzed automatically. Insight into this data could help find areas to cut costs or improve your product.

IoT technology–enabled asset traceability – a critical catalyst improving process efficiencies Secure tracking and effective monitoring capabilities significantly improves asset performance, and are crucial to the success of any business operation. This transformational technology is playing a fundamental role in many key industries such as food and beverage, manufacturing, logistics, healthcare, automotive, fleet management, military, and industrial automation. No doubt, managing assets becomes much more efficient with IoT-enabled asset tracking solutions, consequently reducing risk while saving money, and generating new revenue streams. WeMakeIoT specializes in leveraging IoT technology to create end-to-end solutions that enhance the productivity across the manufacturing ecosystem. Building visibility across the manufacturing network through complete and remote- enabled asset traceability is one of our areas of specializations. Connect with us at http://www.wemakeiot.com/ to explore further options in IoT-driven manufacturing solutions.

How Does IoT Empower Asset Traceability in Process Manufacturing  

IoT technology has extensively empowered the entire manufacturing landscape, including process and discrete industries, and its influence ha...

How Does IoT Empower Asset Traceability in Process Manufacturing  

IoT technology has extensively empowered the entire manufacturing landscape, including process and discrete industries, and its influence ha...

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