Asset tracking with GPS monitoring systems will save you time and money. How? By allowing you to have a much clearer view of where your assets are at any given time.
With GPS tracking you'll be able to prevent many critical issues, such as theft on construction sites, and by minimising the chances that assets are unaccounted for or missing on your fixed asset register.
What Is GPS Asset Tracking?
There are two main types of GPS asset tracking, one is where you use GPS tags to view the locations of assets, the other is through the use of last seen locations, where you can create a full audit trail of where your assets have been.
GPS Tracking With GPS Tags
GPS tags periodically update their location using SIM cards. How often these updates occur will affect the battery life of your GPS tracker, however, you'll be able to plug your tracker into a socket if applicable.
In practice what this means is that a GPS tracker will update its location every hour if it's stationary, for example, or every 15 minutes if it's in motion. Alternatively, if you want a longer battery life, you'll be able to set up your GPS tracker so that it updates an asset's location once a day.
Furthermore, you'll be able to benefit from anti-tampering and geofencing features. These features give you the peace of mind that your assets won't get stolen, as you'll get a notification if the assets are interacted with by someone other than a team member.
Overall, GPS tags give you a robust way to view where your tools and equipment are and ensure that they're not getting stolen.
GPS Tracking With QR Code Asset Tags
The other way you can implement GPS asset tracking is by using QR code asset tags. So, if you're implementing construction equipment asset tracking, you'll tag your equipment with these asset tags and link them to digital profiles.
On these digital profiles, you'll be able to add data, such as maintenance dates and depreciation information. All of these profiles will make up your fixed asset register, where you'll be able to view your data in bulk.
You'll be able to view and manage these digital profiles with GPS trackers, too, but the benefit of using QR codes is that every time you scan an asset's tag in your asset tracking system, these profiles will instantly open.
