The Benefits of GPS Asset Tracking

GPS asset tracking will automate your asset tracking and revolutionise the way you manage your tools and equipment. GPS asset tracking allows you to lose fewer things and keep a clearer and better eye on things.

With GPS asset tracking, you’ll have the peace of mind that everything is where it should be. It’s extremely helpful for your operations, as you’ll be able to mitigate asset theft, a rampant issue in the construction industry, and audit your fixed asset register with ease.

 

What is Asset Tracking?

Asset tracking is the process of logging and managing your business-critical tools and equipment. It’s essential across industries, as all businesses have a set of assets which they use to make money.

So, knowing where your assets are, who is using them, and verifying that they’re working to the best of their abilities is crucial. Implementing asset tracking makes this process easy.

The way it works is by allowing you to create unique digital copies of your assets. These digital copies will have profiles, where you’ll be able to add essential information, such as expenses, warranty dates, and equipment checkout data.

Then, to speed up the retrieval of these asset profiles, you’ll use asset tags. These asset tags go on your physical assets, so that every time you scan an asset’s tag, you retrieve the digital profile, ready for editing and updating.

Tagging and Tracking with QR Code Asset Tags

Why GPS Asset Tracking?

GPS asset tracking is helpful when it comes to your higher-value assets. If there are assets that move frequently and are at risk of theft, you’ll be able to use GPS trackers to make sure your equipment is where it should be.

GPS asset tracking has many benefits. For example, you’ll be able to set up geofences in case your assets leave the locations they’re supposed to be in. This way, you’ll be notified should a theft occur and be able to retrieve the asset.

You’ll also be able to use it when your assets leave your site, whether a hospital, construction site or any number of other places. Conventional asset tracking allows you to update asset location when your assets are close to you. With GPS trackers, you’ll be able to see and verify when assets arrive at their destination, meaning you maintain control where you otherwise wouldn’t have any.

GPS Tracking Combined With Other Asset Tags

itemit is unique, as you’ll be able to customise your asset tracking operations. Therefore, you’ll be able to use QR code asset tags in tandem with GPS trackers, for example.

This way, you maintain the control QR code asset tracking gives you, while also maintaining control when your assets aren’t physically close to you.

The benefit of QR code and barcode tracking is that you can quickly retrieve asset profiles in the itemit app, too, meaning you still get this benefit, while also having automated location updates.

To find out more about how the itemit system, and GPS tracking, can help your business mitigate losses and improve accountability, you can book a demo with the itemit team using the button below.

You can also contact us at team@itemit.com or by calling 01223 421611. Why not start a free trial by filling in the form below or by downloading the app?

 

Or, you can check out these blogs:

How To Use Asset Labels

What is the Best Asset Management Software?

5 Reasons Fixed Asset Management Software Is Worth The Investment Today

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