Asset tracking, or asset management, is a method of monitoring the location of an asset in the field by tagging it with a Global Positioning Satellite (GPS) tracking device. Click here to check out innovative tracking.
What Kinds of Assets Can You Track?
Gps tracking is often used primarily for vehicles. However, you can also track almost anything, such as:
- A backup generator
- A refrigerated trailer
- Cases of small
- high-value objects
- Bank deposit bags
- Individual employees working in the field
- Emergency response equipment and supplies
- Laptops and other electronic devices
Even with insurance, the loss of the laptop can result in a far-reaching impact that could cost more than the laptop itself. To limit the possibility of a major loss, you must be able to track the laptop and report it to the authorities.
The GPS tracker communicates with several satellites in orbit, measuring the lag between each satellite to triangulate the device’s current location. The more satellites the GPS tracker can talk to, the more precisely it will be able to track its exact coordinates.
Their solutions assist to their clients in gaining more supply chain insight, meeting strict compliance and regulatory requirements, and lowering expenses associated with high-value and temperature-sensitive asset waste and damage. They develop, design, and build all of our products in-house, allowing us to provide fully customizable end-to-end solutions. This ensures that their clients’ requirements are addressed at all times. The data logging devices can be used to gain increased visibility and asset intelligence by utilising modern technology.
Who Can Use Asset Tracking?
The most common type of asset tracking technology is used by fleet managers and asset managers. However, this technology is also used by anyone who wants to track assets.
Adapt Ideations is a major provider of B2B solutions that help businesses safeguard their assets. Using our cutting-edge asset tracking and monitoring systems, they successfully assist their clients in overcoming their most difficult supply chain difficulties.
Benefits of Asset Tracking
1. Reducing Fuel Consumption
Mobile assets, such as trucks, vehicles or other equipment, often have an adverse impact on air quality due to emissions. Reducing vehicle emissions is one of the greatest challenges facing organizations.
- Aggressive Driving Behaviors
When you start a new job at work or school, you’re often faced with the decision of whether to ask for a raise. This means that you need to figure out how much you want to make, so that you can ask for a raise without being rejected.
According to the DOE, feedback devices allow drivers to become more efficient in their driving. Those who use them to save on gas consumption have been found to improve their overall fuel mileage by about 10%.
Ford Motor Company says that an hour of idling time is nearly the same as driving 25 miles. If you have a smaller fleet of vehicles, you’ll save gas by reducing the amount of time your vehicles spend idling.
If your vehicle is missing, fleet managers are provided with detailed information about when and where the vehicle has been parked. They can also send alerts to the driver’s mobile device if a suspicious vehicle is near by.
Asset Managers need to know how the company’s assets are being used in the field. They can use GPS tracking devices to monitor the asset’s use and can also provide corrections to employees when assets are misused.
2. Reducing Maintenance Costs
Optimize maintenance schedules for assets so that they are always in top condition. Also apply preventative fixes that aren’t so expensive as break/fix repairs.
3. Saving on Insurance
Saving on Insurance If your car insurance company offers a discount for using GPS systems, you might want to consider installing a GPS tracking device in your car and using the company’s discount as a reward for keeping tabs on where you’re going.
5. Increasing Accuracy of Contract Enforcement
The use of GPS devices to track assets can make contract enforcement considerably easier. Asset managers can use GPS trackers to track equipment locations in real time, receive activation notifications, and log the number of hours a piece of equipment is in use to more accurately determine if contract requirements are being met.
6. Improving Safety for Employees
Businesses need to keep an eye out for hazardous behaviors by using GPS asset tracking. This keeps employees safer by keeping them in the know.
Additional benefits of using GPS monitoring systems for inventory control include the ability to track your staff’s locations and optimize maintenance schedules with the information that GPS monitoring provides. The systems are also able to prevent sudden breakdowns that would endanger your staff.