Many have heard of GPS asset tracking, however, most do not fully understand the true power that lies behind a technology that many take for granted.
The value that GPS asset trackers provide cannot be overstated, and should not be underestimated.
This article helps answer a few of the more basic questions people ask when considering GPS asset tracking for their business.
How exactly are my assets tracked?
A small GPS unit is installed on or inside the asset. The whole process takes only about 10-15 minutes. The GPS devices are usually protected from harsh work environments by a rugged case to ensure a long life for the unit.
GPS asset tracking devices are provided for both powered and non-powered assets.
In the case of powered assets, the device will normally use the same power source that powers the piece of equipment.
For non-powered assets, GPS asset trackers with several-year-long battery lives are provided.
Once set up, the GPS asset tracking device is linked to a tracking & management software, such as DSi Mobile.
Using software such as this provides users with a visual map of the asset’s location, as well as any metrics that are being recorded by the GPS asset trackers.
What information does the GPS asset tracking device provide? Where do I find it?
In cases where the asset tracker is wired into a powered asset, the metrics provided are limited only by the hardware manufacturer. Generally speaking, this means more metrics than you may ever need or want.
In addition to simple location tracking, GPS asset trackers provide a wealth of information, such as start/stop times, movement events, time on-site, asset utilization by date, and more.
The real power in these metrics lies in the way they are reported; which is automatically.
Metrics can be viewed at any time through the software platform that comes paired with your GPS asset tracking hardware.
Reports can be generated with one click, while certain metrics can even be tracked in real-time and pushed to a user through alerting functionality.
How do I use the information provided by the GPS asset tracking device?
If you are tracking and managing a large number of assets, the amount of data you’re recording can easily be overwhelming. (This is where the map view in your GPS asset tracking software comes especially in handy).
We’ll provide three scenarios that easily prove the value of GPS asset trackers – one related to theft protection, the other related to rental hours billing, and the last related to improving efficiency with performance metrics.
If you have ever experienced the problem of having your asset(s) stolen, you understand how much of a pain the process is for recovering them.
In cases of theft, GPS asset tracking provides a combination of geofencing, instant alerts, and location pings on-demand that will keep you aware of your assets’ locations in real-time.
Maintaining accurate billing of rental hours is always a hassle due to the manual tracking and processing required.
However, this is made easy the detection of power on/off, over-usage alerts (when an asset is already “called off rent”), and utilization reporting by day/week/month/lifetime.
By tracking asset utilization, it’s easy to take the next step and use this information to properly schedule preventative maintenance.
By monitoring asset speed (if applicable), you can send alerts to notify operators that they need to slow down, thus, furthering the life of the asset.
The amount of information that is at your fingertips through GPS asset tracking can be nearly limitless.
By fully utilizing the features contained within the software, you can reap the full benefits that GPS asset trackers provide.
It’s all a matter of figuring out which metrics are most important to you and then using the software to make these metrics easier to access/understand.