Readiness check for companies regarding Traceability Systems

The concept of traceability in the production system explains how a product can be tracked throughout its entire lifecycle. Traceability is important to improve the quality of the processes involved in the production system and mitigate some risks in the production system. There are several important components of a traceability system which are used by some industries and are being implemented in some industries. Based upon the techniques that are used by the industries, an industry can be categorized on the several maturity levels. These maturity levels describe the techniques that an organization is using for traceability of their production system.