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Asset Tracking System: Guide To Enhance Security

What Is GPS Asset Tracking System

Are you managing your business’s assets manually? You are making the wrong move. There might be a constant fear of loss, damage, and theft. It is essential to know the status, location, movement, and other information about your company’s physical assets. To minimize situations like theft, loss, or asset damage, companies are investing in GPS asset tracking systems. 

The asset tracking system is an advancement that gives you updated information about your valuable assets. Manual monitoring could have a negative impact on your business and the quality of assets. With technological innovations, many organizations prefer to choose state-of-the-art GPS solutions that provide real-time tracking. Let’s move forward and understand what asset management actually is, its benefits, and how it works.

What Is A GPS Asset Tracking System?

An asset GPS tracker provides updated information about the location and movement of assets like heavy machinery, containers, and vehicles. This tracking solution enhances security and improves the efficiency of your fleets. It enables you to monitor the location by attaching the GPS tracker to physical assets. 

This tracking system is not only limited to location or movement tracking. These cost-effective solutions provide information about your vehicle’s idle time, speed, temperature, condition of assets, and route deviation alerts. You can track equipment, machinery, tools, mobile assets, cars, vans, and trucks.

Below are the different methods that help you to track your assets. The most reliable one is the GPS tracking system. 

Different Methods To Track Your Assets

1. GPS Tracking

A reliable asset monitoring system is the one that uses GPS technology. It gives real-time information about your assets. It ensures the safety and security of assets. A GPS tracker, along with the availability of a mobile app updates you by giving alerts like Geofencing, fuel consumption, idle time, movement, and status of the vehicle.

2. RFID Tracking

Radiofrequency identification helps to transmit the location of assets. It is an accurate method of tracking the physical assets that use RFID technology and hardwares like tags and readers. The handheld scanners are used to track the assets by using RFID tracking.

3. Barcode Asset Tracking

Barcode asset tracking is another method to ensure the safety and security of valuables. There are available different apps along with the scanning software, devices, and labels to manage and track the assets from a mobile device. 

What is GPS Asset management System

Benefits Of GPS Asset Tracking System

Let’s explore the top benefits of the asset tracking system.

1. Enhance Security

A GPS-based asset tracking system ensures the security and safety of your valuables. It gives you instant alerts in situations like route deviations, low fuel level, idle time, speed, and location of the assets. It gives you peace of mind by enhancing the safety of valuables. Besides this, it minimizes the loss of money by protecting your assets from loss or theft. With GPS tracking technology, you can get a detail of every minute of your valuable assets in real-time. It ultimately increases visibility and improves visual understanding.

2. Minimize Risk Of Theft

These security solutions help to trace and recover lost assets. You can instantly recover the valuables by tracking their last updated location. Whenever your assets exceed the predefined premises, it gives instant alerts that help in decision-making and promote their safety. The geofencing feature minimizes unauthorized asset movement. Besides this, you can ensure your asset’s safety by activating alerts for detours.

3. Increase Revenue

The primary benefit of tracking is that it helps businesses to increase revenue. It helps to gain client satisfaction by providing timely reports, location, movement, fuel consumption, and geofencing alerts. The detailed location report enables you to optimize the use of assets and how it has been utilized. You can provide exact location updates and delivery times to the clients that help to gain their trust and improve productivity.  

4. Optimize Routes

A GPS asset tracking system provides you with a complete update about routes. It allows you to make better planning by analyzing this data. Optimizing these routes not only saves your fuel costs but also ensures that your assets are going in the right direction.

5. Monitor Driver Behavior

A GPS tracking system promotes safer driving habits. It allows owners to monitor driver behavior like speed, idle time, and harsh braking. It identifies the running condition of the engine while the vehicle is not moving. Harsh acceleration, braking, speed, and excessive idling lead to an increase in your expenses.

 Investing in such a reliable tracking system helps you in cost savings. You can also train them to drive to minimize the chances of mishaps. Improve your asset safety and fleet efficiency by monitoring driver behavior. 

6. Give Maintenance Updates

An advanced asset tracking system gives you timely maintenance updates. It ensures the better health of your vehicles. By analyzing the wear and tear a vehicle has faced while traveling, you can decide on its maintenance. You can determine suitable and fuel-efficient routes to protect your car and assets from damage. 

Final Thoughts!

GPS asset tracking systems have gained popularity in recent years. It has minimized the chances of errors because of manual monitoring. This technological advancement uses GPS sensors or tracking devices that provide accurate location updates. It offers different benefits for organizations that want to manage their assets. It helps to enhance security, optimize routes, minimize the risk of theft, increase revenue, and give timely maintenance updates.