In today's business world, keeping track of your company's assets is more critical than ever. In addition to ensuring your operations are running smoothly, it helps you keep tabs on your employees and protect your investment. Different types of GPS asset tracking devices are available today, each with benefits.
In this article, we will examine asset tracking, how asset tracking works, and why asset tracking is essential. We will then provide tips on implementing a reliable asset tracking system in your business and get you started with real-time updates!
What Are GPS Asset Tracking Devices?
Global Positioning System asset tracking devices provide real-time visibility into the whereabouts of fleet vehicles and other company assets. This information relays to fleet managers via a web-based interface or mobile app.
GPS asset tracking systems can track:
- Cars and trucks
- Construction equipment
- Shipping containers
- Doors
- Temperature
- Humidity
- Pressure
- Light
These tracking devices typically contain a small GPS unit affixed to the tracked asset. The GPS unit communicates with a central server via cellular or satellite internet connection and transmits the asset's location information in real-time. This information can then be viewed by fleet managers on a map, giving them up-to-the-minute visibility into the whereabouts and status of their assets.
5 Benefits of GPS Asset Tracking Technology
There are many benefits of GPS asset tracking technology. Organizations can use GPS tracking devices to track their assets, including vehicles, fleet management, and other equipment.
Some of the benefits of this technology include:
1. Lowers Operational Costs
One of the main benefits of an asset tracking technology is that it can help lower operational costs. For example, fuel costs are one of the most significant expenses for any organization that operates vehicles.
By using an asset tracking system, organizations can see where their vehicles are at all times and plan the most efficient routes. This visibility can lead to significant fuel savings over time.
2. Reduces Theft of High-Value Equipment With Geofencing Technology
Geofencing is a technology that can help reduce the theft of high-value equipment. Geofencing allows you to create a virtual fence around a particular area. If the equipment leaves this area, you will receive an immediate notification, letting you track down the equipment and retrieve it before it gets too far away.
GPS asset tracking is a valuable tool that can help you keep track of your valuable equipment and assets. Using geofencing, you can reduce the risk of theft and keep your business running smoothly.
3. Ensures Fleet Efficiency
GPS asset tracking is a must-have for any business that relies on plant machines or a fleet of vehicles to get the job done. Asset tracking ensures your asset continually operates at peak efficiency by providing real-time monitoring, asset utilization data, and hardware solutions.
Consider a business that provides delivery services. Without GPS asset tracking, that business would have no way of knowing where its vehicles are at all times or whether they are being used to their full potential.
With GPS asset tracking, however, the business can see exactly the location and use of each vehicle. This data allows the company to make real-time decisions about its fleet, ensuring efficient vehicle use.
GPS asset tracking also provides valuable data that can improve fleet efficiency over time. By tracking things like idling times, fuel usage, and maintenance schedules, businesses can make changes that will save money and increase efficiency in the long run.
4. Provides You With Complete Asset Visibility
GPS asset tracking provides real-time visibility into the location of assets and vehicles. As a result, you can always know where your assets are and monitor their movements in real-time.
This visibility benefits businesses with a large fleet of vehicles or valuable assets. With Asset tracking, you can monitor your assets and ensure they are always where they are supposed to be.
5. Reduces the Downtime of Assets
GPS asset tracking doesn't just tell you where your heavy equipment is — it also provides engine diagnostics that can help you prevent issues before they happen. You can better understand asset use by monitoring engine hours, fuel levels, and other fundamental data points. This information can help you make changes to improve asset utilization and prevent costly downtime.
Suppose you have a heavy equipment fleet that is constantly breaking down. Looking at the engine diagnostics, you may see that the main issue is overheating. You can prevent these breakdowns and keep your assets running smoothly by making simple changes — like adjusting the maintenance schedule or changing equipment usage.
How To Implement Reliable Asset Tracking
Asset tracking is the process of monitoring and keeping records of the location and status of assets. Asset tracking has many benefits, including improved asset utilization, reduced asset losses, and better inventory management.
Track almost any type of asset with GPS asset tracking. Some asset types include high-value items, such as construction equipment and vehicles, as well as smaller tools and inventory.
Installing GPS devices on the assets you want to track is the first step in tracking them. These devices communicate with satellites to find out where they are and what their status is. Then this information is sent to a server.
The data is then stored, organized, and analyzed by software in the asset tracking system to offer helpful information about the item's location, movement, and status. Use the data for various purposes, such as asset recovery, fleet management, asset utilization, etc.
Businesses and organizations of all sizes can benefit from GPS asset tracking. To get the most out of your assets, you need to understand how asset tracking works and how to use it.
In addition to real-time tracking, GPS asset tracking provides vehicle location history and the ability to track remote assets.
You can track assets by hand or automatically. Manual asset tracking typically uses paper records or spreadsheets to track asset location and status. Automatic asset tracking uses asset tracking software to track asset location and status.
Get Started Today With Real-Time Asset Tracking
If you're looking to improve asset management and save money, GPS asset tracking is a great solution. GPS asset tracking provides real-time asset location, meaning you can always know where your assets are. It also provides valuable insights into asset utilization and can help prevent costly downtime.
Best GPS Vehicle Tracking Devices Teltonika Telematics
FMC640 GPS Vehicle Tracker/Terminal
Features - Dual Sim, with LTE, 3G, GNSS, GSM Connectivity
The FMC640 by Teltonika is a professional series tracker with 4G coverage and fallback to 3G and 2G when required
FMM640 GPS Vehicle Tracker/Terminal
Features - Dual SIM, CAT-M1/NB-IoT with LTE, GNSS and GSM Connectivity
The FMM640 by Teltonika is unique because it works on the low frequency, low bandwidth Cat M frequency. The benefit of Cat M is that data transfer from the tacker to the server is much cheaper than LTE CAT 1. You would use this product if your application did not need speed.
Best Asset GPS Tracker
XT2169 Compact Asset GPS Tracker
The XT2100 Series is a compact tracking device for communicating mobile assets' location and information. This device platform contains an integrated GPS engine, embedded antennas, two digital inputs, and one internal analog input to monitor battery voltage. In addition to multiple inputs, it provides a digital output that can drive ignition relays. With its compact design, install the XT2100 Series covertly in tight locations.
Whether you're looking for a comprehensive sensor solution or just real-time asset tracking, Novotech has you covered. Our 8-in-1 Sensor Solution can track temperature, humidity, light, pressure, and more in a simple plug-and-play setup, providing instant feedback on your assets' conditions.
Whichever market you're in, i.e., consumer, commercial, or industrial grade sensors, we have a perfect fit for your needs. Get started today with Novotech to get the most out of your sensor data.