PERTH, Australia, August 9, 2007 – Honeywell (NYSE:HON) today released Material Tracking R100 as part of its Business FLEX manufacturing execution system (MES) applications. Material Tracking is a configurable software framework that enables mining, mineral processing and metals production companies to synchronize supply chains with financial processes, resulting in improved productivity and reduced costs. Material Tracking can be used in several industries including mining, blending and shipping, iron and steel making, ore processing and concentration, metals refining and chemical batch operations. The program allows tracking, tracing, storage and analysis of all supply chain data, including material flow, quality, ore type and other information.
It also provides site-specific, near-real time views of critical production information with intuitive displays that allow operators to execute and adjust production plans within the supply chain in order to ensure safety, efficiency and reliability.The system also can serve as a link between production and financial operations. For example, Material Tracking can receive and store production planning and scheduling data from enterprise resource planning (ERP) and scheduling systems. It also can transmit actual production totals and summary data to ERP systems.
Additionally, the software receives laboratory data and automatically associates it with recorded inventories.Material Tracking interfaces to plant historians and/or control systems to track material movement data and movement event triggers. The solution manages stockpiles and blending, including simulation and movement reconciliation. It also provides graphical batch analysis functionality that includes full genealogy tracking. “Material Tracking can give manufacturers a better handle on their supply chains, which leads to multiple benefits including better data analysis and the ability to match inventories with customer demands,” said Ashish Gaikwad, global business director of Advanced Solutions for Honeywell Process Solutions.
“This integrated approach can help align the financial process with the supply chain and result in more efficient productivity on the plant floor.” Honeywell International is a $34 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London and Chicago Stock Exchanges.
It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor’s 500 Index. Honeywell Process Solutions is part of Honeywell’s Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support regulatory compliance, and maintain safe, comfortable environments in homes, buildings and industry.