Track & Trace of Assets
Overview
Track and trace systems provide real-time or periodic updates for the current and historical locations of Containers, vehicles, or other property. Solutions can apply reckoning and reporting of the position of vehicles and Containers that store the tracked property of concern. For example, if it is known the one thousand objects are stored in a Container, it is more cost effective to track the Container than each individual object. However, high value individual objects can also be monitored directly. Wireless tags can be attached to objects with fixed reference points receiving wireless signals from tags to determine their location, as when a pallet is loaded onto a truck. Alternatively, GPS or another technology can track the object using satellite or cellular networks. Examples of real-time locating systems include Tracking products through an assembly line, locating pallets of merchandise in a warehouse, and tracking Containers as they move across warehouses. The physical layer is usually some form of Radio Frequency communication, but some systems use optical or acoustic technology.
Applicable Industries
- Automotive
- Construction & Buildings
Applicable Functions
- Discrete Manufacturing
- Maintenance
Market Size
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
Case Studies.
Case Study
IIC - Track and Trace Testbed
Factory systems can detect - within a meter - the location of a tool; Misuse of tools can result in serious accident or injury; The production of many industrial and consumer goods requires exacting work - down to the precise force used to tighten a screw. GOAL Manage smart, hand-held tools in manufacturing, maintenance, and industrial environments
Case Study
Remotely Control Industrial Spray Pump Maximize Efficiency
Graco industrial sprayer customers needed real-time data to maximize utilization of assets and crews, to deter unauthorized use of equipment, to keep equipment in top condition, and to provide more accurate job estimates and billing statements.
Case Study
Fully Automated Identification for Alping Italia
Full material traceability ensures process reliability in production and it is a major building block for the economic success of manufacturing companies. To optimise production management, automated identification systems with tags which have barcodes printed on them are now increasingly used in production facilities and warehouses. This ensures full control from the receipt of raw materials to the finishing of the products and shipping.The steel industry in particular, is a difficult environment and the labels and tags that ensure full material traceability have to withstand extreme conditions. Raw materials and products have rough surfaces. In addition, the data carriers are exposed to enormous heat and heavy soiling. And last but not least, the whole identification process always has to be carried out under time pressure.