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Use Cases Track and Trace for Industrial Tools & Assets

Track and Trace for Industrial Tools & Assets

Track and trace for industrial tools refer to systems capable of recognizing and reporting the location and status of tools in a facility. Today's production of industrial and consumer goods requires exacting work. Precise application of pressure or torque is required in many industries and operator errors can cause costly defects. Track and trace technology can improve production safety, quality, and productivity.

The goal of ‘Track and Trace’ is to manage handheld power tools in manufacturing and maintenance environments more efficiently.

Asset tracking is currently done via barcode and a variety of manual steps in most cases. However, new solutions leveraging smart tags, near-field communication (NFC), and RFID are coming to market to globally track all varieties of objects in real time.

 

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Expertech - Capital Tool Inventory
Expertech - Capital Tool Inventory
Costly tools used to splice fiber optic cables are an important part of Expertech’s operational and capitalized expenses, but the company did not have an automated system in place to track their tools and optimize their usage. The existing data in its tracking system was inaccurate and required manual updating, making it essential for the company to implement an efficient process to track and follow up on its capital tool inventory.
Online Calculator Helps Haulers Increase Container Efficiency
Online Calculator Helps Haulers Increase Container Efficiency
As the waste industry continues to evolve and focus on more efficient and effective methods of tracking and deploying containers and other assets, were excited to be able to offer a solution for our customers.
Automated Slab Tracking at ThyssenKrupp
Automated Slab Tracking at ThyssenKrupp
Steel slabs usually weigh between 20 to 40 tons each. After production, the surface is scaly and rusty. Outdoor storage and sea shipment expose the slabs to rough conditions. Loading ocean vessels is time consuming and total cost can easily exceed a few hundred thousand USD. RFID technology offers many benefits. RFID transponders are small, store the identity of the labelled product and enable reading out this data via antennas from a distance of several metres. However, there are special requirements for the use of RFID in the steel sector. Firstly, the radio waves of the RFID readers are reflected by metal which creates major problems for reading out. And secondly, they must be attached securely as the heavy slabs weigh tons and can rub against each other during the transport on ships and trains, causing the labels to become detached or to be destroyed.

The track and trace solutions market is projected to reach USD 3.93 billion by 2023 from USD 1.65 billion in 2018, at a CAGR of 18.9%.

Source: Markets & Markets 

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