Asset Track and Trace for Manufacturing
Optimize asset utilization, performance and effectiveness
$750M
the cost of replacing “lost” reusable packaging and pallets in the North American auto industry per year[1]
Overview
Asset Track and Trace for Manufacturing solutions automate asset tracking to streamline operations, improve utilization and reduce manual efforts.
Key benefits
Impact business and achieve better results.
-
Track asset in real time
Automate asset registration and enable real-time tracking and performance monitoring.
-
Optimize asset inventory costs
Account for all assets and their condition to improve utilization and avoid unnecessary duplicate spending.
-
Avoid compliance fines
Meet operation specifications and ensure safe operations to reduce compliance risk tied to untracked assets.
-
Reduce operating costs
Minimize downtimes and optimize Overall Equipment Effectiveness (OEE).
-
Improve operational efficiency
Optimize asset performance with real-time monitoring.
Business impacts
-
Asset management
Manufacturing organizations own thousands of assets. Manually tracking and monitoring each one is time-consuming and often grossly inaccurate. Digitize tracking to ensure accurate inventory control.
-
Asset deployment
Assets arrive and are registered in inventory, but status is tracked manually. When it is time to deploy an asset, operations teams must scramble to find exactly where it is and its current condition. Leverage real-time location and availability data.
-
Asset maintenance
Maintenance teams perform scheduled checks, but unmonitored assets can fail without warning or are unnecessarily updated. This unpredictability reduces productivity and increases costs. Monitor assets in real-time to improve efficiency and uptime.
-
Asset insights
Manufacturing organizations hope to achieve maximum Overall Equipment Effectiveness (OEE). Paper-based tracking and disconnected systems limit their visibility into asset performance. Collect asset data at scale to improve asset utilization.
Explore the components of the solution
Products
Solve Asset Track and Trace for Manufacturing challenges with OpenText.
- OpenText™ Internet of Things (IoT) PlatformGain operational efficiencies and improve asset availability
Professional Services
OpenText combines end-to-end solution implementation with comprehensive technology services to help improve systems.
- Accelerate the Information Management journeyConsulting Services
- Comprehensive Information Management services and resourcesExplore Professional Services
- Reduce time to value with rapid implementationFasTrak Packaged Services
Asset Track and Trace for Manufacturing resources
When it comes to track and trace, manufacturers should think big and start small
Read the CIO.com articleSmart and connected asset operations from OpenText
Watch the videoWhy effective asset visibility starts at the digital twin
Read the blogWhat’s new in OpenText Internet of Things Platform
Read the blogWhy asset tracking is hot property
Read the blogSecure Plant Asset Management
Read the overviewThe first step on the path to end-to-end supply chain visibility
Read the position paperAsset Intelligence
Read the overviewAsset Monitor
Read the overviewAsset Insights
Read the overviewHow can we help?
Footnotes
Footnotes
- [1]Barcode Warehouse, The hidden costs of inefficient asset tracking, Jan. 2020