Some people are traditionalists by nature. They take pride in “holding out” on following or adopting new trends, technology, and processes. They are stuck in their old ways of doing things, not willing to admit that there may be a better way. This mentality applies to a number of topics, but in this case, we’re talking about the adoption and use of asset tracking software.
For others, perhaps the reason they choose to not embrace efficiency by using asset tracking software is because they may be concerned about the cost of getting started with a new system and devices.
Global positioning system (GPS) tracking technology and uses have come a long way. Although commonly used to track vehicles, this asset management technology can be used to track just about anything from large shipping containers to small packages. If you’re on the fence about whether you want to invest in an asset tracking system, we want to share a few of the things you may face without one:
1. Asset Tracking, Operations May Not be Efficient
Without the use of asset management software, your business may not be running as efficiently as it could be. The software may help you to increase your business’s efficiency and streamline your processes, helping to increase your organization’s competitive advantage. It also gives you more time to spend on the things that matter and help to increase profits.
Why spend time slogging through data, logs, and records? Automation is a benefit of employing an asset tracking system. You can set automated event alerts, maintenance reminders, generate reports, and enjoy a number of automated functions that remove those tedious functions from your checklist of daily and weekly work tasks.
2. Assets May Not be Treated as Assumed
Regardless of whether your business involves the transportation of goods or rental of high-value equipment, when you don’t use asset tracking software, you don’t know for certain how your assets are being handled or the conditions in which they are transported. This may pose a problem when transporting temperature or pressure-sensitive assets.
Asset tracking software devices, when combined with specialized GPS-based asset tracking devices, can allow you to record and monitor different events, conditions, and related information about your assets. You can monitor temperature, location, motion, and more to ensure your assets remain in compliance with industry standards.
3. Equipment May Not be Used as Agreed Upon
Not having software that can help you keep an eye on your assets at all times can leave your business vulnerable to loss, theft, or unnecessary equipment damage. With asset tracking software, as long as your GPS tracker is functioning, you’ll always know the locations of your assets and when they are being used. Traceability can help you save money by reducing the risk of loss and providing you with a map of where your equipment is traveling or assets are operating.
If your company handles equipment rentals to third parties, geofencing can provide you with documentation showing whether your equipment remained within the contracted rental area to help with rental contract enforcement.
4. Worker Information May Not be Accurate
In addition to being able to monitor the location of your vehicles or assets, geofencing can be used for worker time card verification by knowing when and where a worker crosses the geofence boundary. It also can help to enforce route adherence to ensure that drivers are not deviating from their routes or outside boundary areas.
Additionally, with the use of GPS devices on board each vehicle, you can closely monitor the driving activities and behaviors of your drivers, providing an impartial record and increasing driver accountability.
5. Extra Money May be Spent Unnecessarily
When you don’t use asset tracking software, you may be spending more money than necessary to run your business and effectively track your assets. Asset tracking software can help save your business money through a number of functions, including decreasing labor costs by streamlining processes and optimizing transportation routes, reducing fuel usage costs, and deterring theft by allowing you to monitor your assets’ locations 24/7. So ask yourself: Why spend more when you don’t have to?
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