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This article gathers information from Industrial Internet Consortium’s (IIC) Track and Trace Testbed. The testbed focuses on optimizing several key performance indicators for industrial use cases. The testbed team deployed specialized sensors that provided information about the location of tools and assets in use. The testbed team expanded from process tools to logistics equipment, specifically to forklifts. The team identified standardization opportunities in localization-technology interfaces, tightening-tool interfaces, enterprise-system interfaces, data models, data communications and device management. Learn the details about the best practices they developed and lessons learned in their ongoing journey.