Four Ways Asset Tracking Technology Can Help Your Small Business

GPS is now ubiquitous. Everyone has it – on their phone, in their car, even on their computer. It’s used in online mapping services and route finders, as well as satnav systems for vehicles. And it’s also used to help keep tabs on the machinery and human capital that make up the bulk of a business’ worth. The humble GPS system is now being mobilised in the fight against dropping margins, wobbly bottom lines and ineffective management of personnel and assets.

Four Ways Asset Tracking Technology Can Help Your Small Business

Keeping tabs on fuel use

The rising cost of fuel is a bugbear for businesses as well as for private users. GPS asset tracking technology allows the user to map not just where his or her vehicles are now, but the routes they are using to get there and the time they take to travel. Modern asset tracking systems can even tell how long a vehicle spends idling (for instance at traffic lights, or when left with the engine running whilst making a delivery). Reports drawn from this data allow the business user to identify the least fuel-expensive routes.

Preventing unauthorised vehicle use

The unauthorised use of company vehicles is one of the biggest contributors to maintenance and fuel overspend. It is also a potential insurance risk. If a business vehicle is insured for business use, and its driver has an accident whilst on personal business, the company may suddenly become liable for the full costs of the incident. Asset tracking systems can often be programmed with perimeter areas, outside which company vehicles may not stray without triggering an alarm – and with time parameters for the authorised use of company vehicles.

Preventing theft

The theft of vehicles fitted with GPS tracking devices falls sharply in comparison to theft of vehicles that aren’t. It is important to make it obvious that a GPS tracking device has been fitted. Window stickers are useful, but on larger vehicles it’s best to leave signs at eye level too. Bear in mind that trailers and trucks are often separated, which means two tracking devices and two lots of stickers. Some systems are capable of alerting the authorities if the device strays outside of programmed routes: if this is the case, make sure you shout good and loud about it on the side of your property.

Cut down on maintenance bills

When you’re managing a big fleet of vehicles, keeping tabs on service periods, MOTs and routine maintenance can be a nightmare. Modern asset tracking systems can be programmed to remind you of all the important events in the lifetime of your plant machinery and vehicles – enabling you to bring down the cost of ad hoc maintenance by sticking to all the recommended service intervals and inspections. You can also set your asset tracker to remember when tax is due, or to bring up an alarm when a specific mileage has been reached by each machine. Click here for details, or to explore the other ways in which an asset tracking device may be of help to your business.

About Mark Scott

Mark Scott is the CEO of an internationally renowned company. He is also a public speaker and experienced trainer of executives in a variety of business fields, with a focus on team building and relational leadership styles. His articles on business technology have been published on more than 100 high profile technology forums and business sites, and his own network of blogs is routinely syndicated for use by some of the nation’s most trusted technology advice pages. He lives and works in London.