August 7, 2024

INDUSTRIAL 411: WHAT IS ASSET TRACKING?

The Industrial 411 series simplifies the complexities of the industrial sector, providing valuable insights into one of the most dynamic and essential parts of the economy. From advanced manufacturing techniques and regulatory compliance to market trends and innovations, this series covers it all. In this post, explore the industrial supply chain with CloudBox. Learn about the journey from raw materials to finished products, understand the intricacies of production, quality control, packaging, and distribution, and see how CloudBox can optimize each step with cutting-edge solutions.

WHAT IS IT?

Asset tracking software is essential for industrial companies to monitor and manage their physical assets effectively. This software provides real-time data on asset locations, usage, and conditions, helping reduce losses, optimize maintenance schedules, and improve overall operational efficiency.

POPULAR PLATFORMS

1. IBM - Asset management solutions integrated with IoT and AI.

2. SAP SE - Asset tracking and management as part of its ERP product suite, widely adopted in manufacturing and logistics.

3. Oracle - Provides cloud-based asset management systems, popular across various industrial sectors.

HOW IS IT ENFORCED?

Effective asset tracking is critical for ensuring the security and efficiency of industrial operations. Companies must follow stringent guidelines to maintain accurate records and ensure compliance with industry standards. Non-compliance can lead to significant financial penalties and operational inefficiencies.

CLOUDBOX USE CASE

CloudBox’s features an open API, allowing seamless integration with any asset tracking software. CloudBox leverages RFID technology for precise location tracking of industrial assets. This advanced RFID integration enables real-time monitoring and management of assets, providing accurate location data and reducing the risk of loss or misplacement.

For more information about how CloudBox can help your business please contact us via our contact form here.