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4 ways IoT asset tracking increases efficiency and streamlines manufacturing

June 22, 2020

4 ways IoT asset tracking increases efficiency and streamlines manufacturing
IoT asset tracking, made possible by IoT Bluetooth Low-Energy (BLE) and passive RFID devices, is proving to be very valuable for manufacturers looking to improve operations and reduce costs. A variety of industries—from automotive to pharmaceutical—are realizing the advantages.

The assets being tracked can include everything from raw materials and parts to heavy equipment. IoT sensors provide real-time data that monitors the location, environment, and condition of these items to ensure they’re being handled properly—preventing loss and/or damage that can slow down production and lead to waste or loss of money.

4 ways IoT asset tracking improves productivity and efficiency

  • Allows for detailed work-in-progress analysis—This includes actively tracking unfinished goods as they proceed through various stages of production to determine how long each stage takes and where production falls short. Asset tracking can be used to create baseline, benchmark best practices for manufacturing processes and ensure those practices are adhered to.
  • Provides visibility into the location of shipments throughout the supply chain—With IoT asset tracking, manufacturers always know the whereabouts of goods—whether they’re in the warehouse or being transported—and can even schedule their movement between two or more facilities in advance. Many IOT asset monitoring  platforms can be configured to automatically send out warnings or notices with location information when a specific asset has not moved to the next stage in a certain amount of time.
  • Reduces theft and prevents loss—IoT asset tracking systems can identify when products or equipment leave a designated area without authorization and issue an alert to inform security personnel. Over time, this can result in huge cost savings. Asset tracking can also prevent potential problems from occurring by warning when a product is in an area where it could be damaged or spoiled—or when a component is not functioning properly.
  • Optimizes equipment usage and space utilization—IoT asset tracking can provide continuous indoor and outdoor mapping using GPS, Wi-Fi and/or cellular networks. By automatically keeping track of the hours of service for each piece of equipment, manufacturers can help ensure all machinery gets the scheduled maintenance required. Indoor and outdoor mapping also provides valuable information that can be used to optimize plant facilities for maximum efficiency.
Do you have manufacturing customers you believe could benefit from IoT asset tracking? To learn more, visit the IoT marketplace at https://iot.ingrammicro.com or contact us at us.iot@ingrammicro.com.