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Last Updated on February 21, 2018 by Work In My Pajamas
Sadly, you know the truth that many GPS tracking companies track only vehicles – despite claiming to track assets. You need a solution for your entire fleet, don’t you? Well, there are a few things to keep in mind about purchasing a GPS tracking solution for your company. As well as some exciting benefits that await you – if for some reason you’re still on the fence about them. Let’s take a look at some of the things you should know.
In This Post:
1. Automated Inventory Control
Automated asset tracking shaves hours off of inventory. Manually verifying labels to match identification numbers is a thing of the past. Whether you are content to do things the “old fashioned” way or simply don’t think asset tracking systems are a viable purchase… think about your current inventory system. How often do you take stock of your items and equipment? Automation will make documentation more efficient (and quicker) for you. Do you ever find yourself unable to trust your numbers because of miscalculated documentation in the past? Automation is 100% accurate – barcodes of your inventory need only be scanned and they’re recorded in your database. I can bet you most likely over-ordered a certain item because of human documentation errors. By going automated, that headache is taken care of.
2. Be 100% Sure Of What You Need
Physical asset management systems work by “pings”: these pings show you where an item or equipment is at any given time. However, each ping costs you a fee. This fee is calculated up into your total annual cost, which is different between various asset management systems. This cost could range anywhere between $15,000-$150,000, depending on how many pings you use and the number of assets under your care.
3. You Will Prevent Losses
You have a hectic schedule – an absolutely crazy, frantic day. Every day. It’s understandable that important assets get misplaced, or worse, get lost. When you deal with hundreds, thousands or hundreds of thousands of devices and equipment per day… documents may be inaccurate. Shipments will be delayed as a result of these misplaced items – never to be found again. Or worse: assets may be duplicated, resulting in unnecessary (and overwhelming) confusion. Solution? GPS tracking. One look tells you where any asset is—no matter what it is—at any time. You (or your team) will only need to document it once, to register it, and it can be well left alone until it’s time to retrieve the asset.
4. You Will Stay Out Of Trouble
Many municipalities have strict codes that must be followed, such as construction or heavy equipment use during certain hours. If you haven’t used an asset tracking solution before, you know how much of a headache this is. Requiring hours of work to oversee construction sites, warehouses and the like to ensure you and your team don’t wind up with an overloaded cache of fees. Way back when, before my city made it unlawful to do construction at 5 AM – crews started up their machinery and equipment at 4:30 in the morning. You can bet we complained – and drove those companies out of town, losing them money. Don’t let yourself wind up with the same fate.
Conclusion
There are other benefits waiting for you, as well, such as knowing (at all times) which assets are underutilised and which ones are overworked. It will also be a piece of cake to schedule regular maintenance alerts so your assets will work for you for a longer period of time, requiring less repair time from your team. And, as always, you can know the location of any stolen assets as soon as you ping them (saving you hundreds of thousands of dollars in the process).
