Technology Driven Solutions for Effective Tool Management.

IoT is revolutionizing the asset tracking industry, transforming it from manual entries in spreadsheets and logs to real-time, data-driven, foolproof solutions that boost manufacturing efficiency. Technical advancements are occurring in the IOT architecture. Leveraging a combination of cost-effective sensors such as LoRa -WAN and UWB provides data precision and accuracy by replacing traditional benchmark hardware solutions. Protocols like MQTT and Kafka enhance the data connectivity layer, enabling rapid data flow and logging, instantaneous insights, and agile decision-making. In the context of manufacturing, real-time indoor tracking ensures that equipment, tools, and products are located more accurately, resulting in improved operational matrices like productivity, availability, etc. This aligns with digital LEAN manufacturing principles such as Continuous Improvement (CI), Equipment Utilization factor, and just-in-time inventory management.