How Can Tracking Equipment Save You Money?
Tracking equipment is an often overlooked segment of a total asset tracking and management program. It can be a massive task that can take hours, if not days. You may be familiar with the frustration of searching for lost equipment. Like most people, you don’t like doing it.
But we have good news!
The best way to monitor your assets has changed over the years. If you are still using pen and paper or software spreadsheets to manage your equipment, it’s time to modernize your approach. You may think the old ways work, but you’re losing money and time while the competition sweeps you off your feet.
If you want to discover how you can save money by tracking equipment with GPS and telematics software, then you’re in the right place.
Time is Money
Equipment tracking makes it easy to monitor your property and helps you get the most out of them. Your business can benefit greatly from an asset management solution like Fleetistics Asset Tracking because it helps your team watch a wide range of assets in real-time. That piece of equipment might be as close as a few miles away or as far away as several states.
Finding missing equipment the old way takes too long, and those moments could be spent doing important tasks. Instead of wasting time calling around and doing the legwork to track down your equipment, when you use GPS tracking and telematics systems, all you need to do is check your dashboard and view its current GPS location.
The hours you save by immediately finding your assets make your team more productive. After all, the less time your assets float in limbo, the more they will be used to get another job done.
With live data and analysis, tracking equipment is easy!
Keeping Better Records
Many businesses struggle to keep accurate records, and one human error can cost you hundreds if not thousands of dollars.
But with equipment tracking software, you can save revenue by keeping perfect records. The information you collect will help you to run your fleet better.
Managing a fleet demands meticulous record-keeping, including:
- What equipment you own
- Financial Investment
- Age
- Total use
- Mileage
- Operating time
- What’s been rented out
- Who is responsible for the asset
- Maintenance scheduling & performance
- Damages
- Repairs
- Location
- Destination
Now you don’t have to continue tracking equipment through long logs and piles of data. Keeping track of your assets and those changes is easier with the aid of GPS tracking and telematics systems. This data may be used to improve productivity and maintenance by calculating only what matters to you.
Prevent Loss and Theft with Tracking Equipment
Equipment tracking software can offer huge savings by lowering the risk of loss. The National Equipment Register (NER) estimates that construction equipment thefts are worth $300 million to $1 billion annually. Replacing expensive equipment can take an enormous toll on your yearly ROI.
However, with a GPS tracker, you always know where your assets are. And when you use telematics software, all of your assets are always accessible.
Using equipment tracking technology helps fleet managers have more control and awareness of how their assets are being used.
Take, for instance, geofencing you may designate certain zones where your equipment should be allowed, and the system sends notifications when those borders are crossed. This lets fleet managers know exactly where their equipment was and when, as well as where it is right now.
This precise monitoring significantly decreases the chance of loss or theft.
Equipment Tracking in Tampa Bay with Fleetistics Solutions
Using advanced technology from Fleetistics to keep track of your assets is a priceless tool that can make your company more efficient and profitable. Tracking equipment using GPS tracking and telematics software guarantees that you are always up-to-date on what is going on and have complete control over the usage of all of your equipment.
With that kind of power in your hands, you not only have full authority over your equipment but even more control over where your money is going. Speak to a friendly representative at Fleetists today to discuss what solutions are best for your business.
