Byline: Tom Leeson, Bob Slevin
Every manufacturer knows it’s important to have an up-to-date, accurate picture of its assets, from the smallest nuts and bolts to the largest storage tanks. But how a company tracks its assets is important, too.
With the right digital technologies, manufacturers can gain invaluable intelligence about every asset they own or manage via the Internet of Things (IoT). And by being able to intelligently track and trace those assets, they gain a wealth of benefits: reduced waste, lower costs, easier budgeting, fewer thefts and losses, and less downtime.
The current reality