What Is GPS Asset Tracking?

Published on December 7, 2020 • 3 min read

If you want more automation for your asset tracking, GPS asset tracking is the way to go. The best thing about GPS asset tracking is that it can easily integrate into your existing asset management operations.

Therefore, if you already have asset tracking operations, adding GPS asset tracking allows you to increase your accountability and transparency over assets further.

You'll be able to mix and match your asset tracking efforts, too, meaning you'll be able to track higher value assets with GPS trackers and keep the rest of your asset register maintained with QR code asset tags.

What Is GPS Asset Tracking?

GPS asset tracking is the use of GPS trackers to manage asset movements. Asset tracking in itself is the procedure of logging unique asset profiles and adding data to them.

With asset tracking, you'll be able to view asset issues and financial information, for example. As asset profiles are unique, you'll be able to see which assets have faults and, with GPS trackers, where they are.

So, if you're implementing IT asset management in your business, you'll have a unique asset profile for each of your laptops. Then, if you've tagged your laptops with QR code asset tags, you'll be able to scan the tag to open the profile.

Every time you scan a QR code in your asset tracking app, the last seen location will also update. GPS asset tracking takes this one step further, allowing you to view where assets are at a given moment.

Which Assets Should I Track With GPS?

Assets are most likely to go missing when they're in transit. Therefore, if you have assets that move around frequently between locations, such as construction sites, it's a good idea to track these using GPS.

This way, asset retrieval becomes much simpler and much faster as you'll be able to view where assets are when action is needed. 

It is recommended to start using GPS trackers on your high-value assets that can't go missing. Therefore, you can ensure an ROI with your asset tracking software just from fewer missing assets alone. Then, the additional features and functionality asset tracking software provides simply adds to this ROI.

If there are any assets that are at a high risk of theft, too, it's a good idea to use GPS asset tracking to mitigate this risk. Theft on construction sites is a huge issue and reducing this is a huge and tangible way to decrease any losses in your revenue.

How Does GPS Asset Tracking Work?

Your GPS trackers will periodically ping your asset tracking software. They can be set up so that assets ping more frequently while in motion, so you'll get an asset's location every 15 minutes, for example, if an asset is moving and every hour if an asset is stationary.

As you can mix and match your asset tracking processes, too, you can use GPS trackers to track asset locations and use QR code asset management to report issues and streamline auditing procedures.

Overall, GPS asset tracking gives you more accountability, more automation, and more transparency over where your assets are and how they're behaving.

If you want to purchase GPS trackers, you'll be able to use the button below. We'll help make sure that they're set up properly and working effectively within your itemit account.

You can also contact the team at team@itemit.com, or fill in the form below to start your very own 14-day free trial of our asset tracking system.

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