Among the specific benefits of GPS capabilities is:
Preventing and recovering lost assets. With GPS asset tracking in a telematics system, you can set up geofencing and alerts. This geofencing software capability makes you aware when a piece of equipment exits the designated area. In the case of unauthorized use or theft, the real-time GPS tracking also makes this equipment easy to track and recover.
Greater accuracy in bidding and billing. The hard location, engine, and usage data that can be gathered through GPS asset tracking makes it easier to bid on jobs and to compile accurate invoices while offering tighter overall financial control for your business.
Taking better care of your equipment. When real-time GPS asset tracking data is combined with equipment monitoring and diagnostics, assets in need of repair can be identified and quickly scheduled for maintenance to minimize downtime. Preventative maintenance can also be combined with these reactive service measures to prolong asset lifespan and maximize returns when the equipment is sold.
More Than Location
GPS asset tracking is about more than knowing where your expensive equipment is at any given time. It’s also about gaining a complete view of your entire fleet so you can make smarter decisions for how to utilize it to please customers and drive profitability.
Of course, GPS asset tracking is its most valuable when it is applied to all the assets in your fleet. If you have the right telematics system provider, they can provide the right hardware for each piece of equipment and connect it all to your telematics platform to provide you with the data you need.
Tying everything together isn’t easy, but with the right partner, the hard work will fall to them, while you will be able to reap the benefits.