Lengthy, capital-intensive processes and low profit margins impact the semiconductor industry, while consumer electronics manufacturing faces the need to constantly innovate and adapt to constantly changing customer demands. How can companies in these industries control costs and stay afloat? This question has many answers, but one of the most important strategies for success in consumer electronics and semiconductor is traceability. Tracking works-in-progress is essential for figuring out which processes work best, streamlining testing and automating production recipes. This white paper discusses these trends and more in detail and offers expert strategies for getting the most out of real-time traceability.