How To Maximize Security And Efficient Use Of Assets With Innovative Tools Like GPA Trackers

Asset tracking has always been an important part of business, regardless of the scale of the business.

Especially for small businesses, every asset is valuable. Managing assets efficiently and securely has a huge impact on profitability.

There are several different methods of asset tracking but GPS-based ones are the most superior. Fitting GPS trackers to assets, especially those that are mobile, increases security many times over.

GPS trackers are very small and easy to hide and although most thieves are aware of the possibility that the objects they intend to steal have GPS trackers installed, there is always a valuable time lag when they attempt to remove the GPS tracker.

And there is always the hope that they will be negligent about the possible installation of the GPS tracker.

Asset monitoring facilitated by GPS trackers is real-time monitoring. In other words, the location of the asset can be known at any time and this is the most important feature.

Imagine that you can monitor each of your fleet of trucks at a specific time and not only monitor, you can do something about it if you realize something is wrong.

Key Benefits of GPS Trackers

Enhanced Security

The primary benefit of GPS trackers is the enhanced security they provide.

Enhanced Security

Businesses that utilize GPS tracking can:

  • Monitor Assets in Real-Time: Continuous monitoring allows for instant detection of unauthorized movements, enabling quicker responses to potential theft or loss.
  • Receive Alerts and Notifications: Many GPS tracking systems offer realtime alerts for movements outside designated areas (geofencing), giving businesses the ability to react immediately.
  • Track Historical Data: Historical tracking data is invaluable in case of theft; companies can provide law enforcement with precise information regarding the location and movement of stolen assets.

Improved Asset Utilization

GPS trackers can significantly improve asset utilization by allowing businesses to:

  • Analyze Usage Patterns: Through collected data, companies can understand usage patterns and identify underutilized assets. This insight promotes better decision-making regarding asset allocation and investment.
  • Optimize Route Planning: In logistics and transportation, GPS tracking can help companies reduce fuel costs and travel times by identifying the most efficient routes.
  • Prevent Unauthorized Use: By monitoring the location and movement of equipment, businesses can prevent unauthorized use or removal of assets.

Cost Reduction

The integration of GPS tracking technology can lead to substantial cost savings for businesses:

  • Lower Insurance Premiums: Insurers often offer discounts on policies for businesses that utilize GPS tracking, recognizing the reduced risk of theft and loss.
  • Minimized Downtime: Real-time location data ensures that equipment and vehicles are easily found, reducing time wasted searching for assets.
  • Fuel Savings: By optimizing routes and minimizing unnecessary idling, GPS tracking can lead to significant fuel savings.

Data-Driven Decision Making

The power of data cannot be overstated in the modern business environment. GPS trackers generate a wealth of information that can be leveraged to make informed decisions:

  • Performance Metrics: Trackers can offer insights into asset performance, helping to identify inefficiencies and areas for improvement.
  • Predictive Maintenance: By analyzing usage data, businesses can anticipate maintenance needs and reduce unexpected breakdowns, thereby extending the life of assets.
  • Improved Inventory Management: In warehousing and retail, GPS tracking can assist in maintaining accurate inventory counts and reducing shrinkage.
installing a GPS tracker on a truck

In the case of installing a GPS tracker on a truck, things never get the same again. If in the past you completely lost control and relied solely on the honesty of the driver, today you can know from A to Z whether he is actually carrying out the delivery procedures you set.

With a GPS tracker installed on your truck, you can also evaluate the delivery route, whether it is really efficient or very inefficient.

In the old days when GPS trackers were not installed on trucks, knowing the efficiency of a delivery route was something that was almost impossible.

The efficiency in question is not only route efficiency but also engine efficiency which is usually associated with fuel consumption.

Every inefficient route would force the truck’s engine to work inefficiently as well, leading to fuel wastage and increased need for maintenance. It all adds up to increased operational costs that start-up businesses often don’t realize.

Significantly Increases Security

Yes, a good GPS tracker can do many things. For example, in the context that it is installed on a cargo truck.

A good GPS tracker can create a digital fence where if the truck veers off the designated path, the tracker will instantly send a notification to the business owner.

For example, when the truck is parked in a deserted parking lot and a thief tries to break the lock and run it out of the parking lot, the business owner can immediately and in many cases shut down the truck engine.

GPS tracking applications on assets, whether movable or immovable, make any theft attempt much more difficult.

Every dollar counts and if a few dollars worth of inefficiency is overlooked. The total loss at the end of the period can soar and be very significant. 

Conclusion

It can be concluded that investing in a GPS tracking system is well worth it. Monitoring and anticipating theft and improper use of assets can be realized in a very simple way.

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Jonathon Spire

Tech Blogger at Jonathon Spire

My diverse background started with my computer science degree, and later progressed to building laptops and accessories. And now, for the last 7 years, I have been a social media marketing specialist and business growth consultant.

Jonathon Spire

I blog about a range of tech topics.

For the last 7 years I have been a social media marketing specialist and business growth consultant, so I write about those the most.

Full transparency: I do review a lot of services and I try to do it as objectively as possible; I give honest feedback and only promote services I believe truly work (for which I may or may not receive a commission) – if you are a service owner and you think I have made a mistake then please let me know in the comments section.

– Jon