Insurance policies can help protect your business assets, but even the best insurances can’t guarantee prevention of losses. For instance, businesses are victims to theft of valuable assets – from important papers to fleet vehicles and such. GPS asset tracking has become a go-to solution in solving these problems. Its broad range of applications such as GPS vehicle tracking for large vehicles and heavy machinery, to tiny tracking devices for valuables make these technologies especially useful.
Here are some ways to use GPS asset tracking for business needs:
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GPS: The Gold Standard for Tracking
GPS tracking is not the only technology available to protect assets, but lately, it has emerged as a standout solution due to the versatility and effectiveness that it has shown. Another tracking technology that is popular for many industries is the RFID, which scans toll fees on highways, to stopping shoplifting, among others.
Still, RFID technologies also have its limitations, and the need for the specialized scanners restricted the scale of its applications. This is where GPS trackers are better – they rely on a global satellite system instead of the scanners, which means that they can be used for tracking from anywhere on the planet.
GPS vehicle tracking is one of the more obvious ways for businesses to keep track of their larger machinery as well as their valuable equipment. However, with the technology advancing in recent years, GPS has been used to track smaller items as well. In fact, many industries use 3G GPS tracking devices like Trackimo to keep track of high-value items.
Hospitals, for instance, spend a lot of money on the latest medical equipment. Unfortunately, many of these assets are also susceptible to theft, and many of the medical supplies could even be misplaced from the hospital’s own massive inventory. Using tracking devices can help the hospital reduce theft and manage their inventory properly and figure out which ones are used most often, which can further lead them to a more efficient way to store and access these assets.
GPS tracking has been successfully used by law enforcement officials in tracking prescription drug theft. The New York Police, for instance, asked many pharmacies throughout the city to plant GPS devices in pill bottles to be used as bait, which they can use to track down the thieves. In case things go wrong, the police can keep track of the culprits easier than ever before.
Phone stores and electronic retailers also deal with a high risk of theft, considering how technology-centered most people are today. The inventories in these stores are lucrative, and many are usually able to bypass basic security measures. The use of tracking devices for smart phones and electronics is an easy way for these retailers to protect their shipments and stocks. With tracking technology in place, law enforcers can recover stolen goods and even apprehend thieves.
Art galleries, museums, and auction houses use GPS Tracking devices for the same reason, and to ensure that nobody leaves the premises without permission.
Even small assets can benefit from GPS monitoring. Jewelry retailers use customized, miniature trackers to protect their product inventory. Not only are there a lot of technology that could alert them when an item leaves a store, it could also protect them for bigger events, like keeping track of jewelry that travels to different locations for trade shows.
Equipment theft is a serious problem in the agricultural and construction industries, especially for bigger businesses that employ more employees and seasonal workers. To illustrate just how serious it is, a report by the National Insurance Crime Bureau state that nearly $1 billion worth of construction equipment is stolen every year.
While the statistic may be discouraging, but GPS vehicle tracking can help protect these businesses at a price that they can afford. GPS Asset tracking is especially valuable for monitoring these large vehicles and heavy machinery because it’s easier to install than other security processes.
Manufactures are reluctant, however, to add such security measures to their products as these might sacrifice the ease of use, but adding security guards and fences to sites could also be very costly.
The transportation industry does make good use of GPS tracking to avoid cargo theft, though. Reports said that an estimated $30 billion in cargo is stolen annually, and the problem has become so pervasive that the Federal Bureau of Investigation managed to run seven different task forces in the United States. GPS asset tracking can help the transportation industry combat this problem, with companies optimizing their fleet to know their exact locations at any given time.
More than just businesses
Tracking devices and GPS vehicle trackers are often used to help protect assets, however, people can also make use of this technology in their personal lives. For instance, in home invasions, stolen items with trackers can be used to help alert the police regarding the location of the goods as a way of assisting their arrest. In addition to that, tracking luggage during travels will ensure that you won’t lose your bag – or if you do, you will find a way to track it down wherever it is in the world.
GPS tracking technology can be used to monitor and protect just about anything, as it is useful for vast resources, including solutions that could benefit a wide range of industries like fleet tracking, wholesale, parcel deliver and such. It isn’t even limited to answering the wheres and whens – tracking can also monitor the people you entrust your business to, like drivers and their driving habits.
It also saves a lot of money in fuel use, because while it can show you where a particular thing or vehicle is, most GPS tracking systems can also help navigate the roads – tell you which way is fastest, or with the least traffic, so you won’t have to waste time and money being idle.
With GPS tracking is safe and effective, and for savvy moguls, it is especially useful because the fate of your business lies in you.