Motor vehicle theft cost vehicle owners over $7 billion in 2020. Needless to say, your business can lose a lot of money if your equipment gets stolen.
While implementing common sense vehicle and equipment care practices can help to reduce theft, a GPS asset tracker can also be a great help as well.
A GPS asset tracker is a device that is placed on equipment and allows you to keep track of its location at all times. GPS tracking can help to reduce instances of equipment theft while also improving efficiency and providing other great business benefits as well.
Here are the top benefits of using a GPS asset tracker for equipment.
GPS asset tracking can work to protect your business from losses due to theft.
With GPS tracking, you’ll always know where important equipment and company vehicles are. You can use location tracking to find a vehicle after it has been stolen and can assist the police in finding it. You can also get alerts if a vehicle is not where it should be.
Using a GPS tracking solution can help you avoid filing an insurance claim when equipment is stolen and can help you get your equipment back instead.
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One of the benefits of using a GPS asset tracker is that it improves safety for drivers.
Because a GPS tracker will allow for monitoring of driver behavior, managers can better manage drivers, and drivers will be more likely to drive safely. If there is any problematic driving behavior, managers will know about it and can take appropriate action to fix the problem.
Reduced Fuel Usage
Another benefit of using GPS tracking with a fleet or business equipment is that you’ll reduce the costs of fuel.
You’ll be able to pay closer attention to how your equipment is used. This will help you ensure that routes and planned well and that drivers are taking the fastest routes possible.
Additionally, you can also prevent unauthorized access and ensure that nobody is using your equipment that shouldn’t be at any given time.
In addition to reducing the cost of fuel, there are other ways that GPS asset tracking can save your company money as well.
GPS tracking allows you to make better decisions and allows you to resolve driver and equipment problems more quickly. On top of this, you may be able to reduce paperwork and get insurance discounts when using vehicle monitoring devices as well.
Getting a GPS asset tracker for equipment can also help increase productivity as well.
GPS tracking can help to improve route planning, increase driver efficiency and safety, and streamline operations in many ways. This will help to improve your company considerably and ensure that it’s as effective as possible in accomplishing day-to-day tasks.
This improved efficiency will lead to better profitability as well.
Making the Choice to Use a GPS Asset Tracker
If you want to improve your business and prevent theft, then using a GPS asset tracker can be a great choice. Consider the benefits above when deciding whether you should get a GPS system for your business equipment.
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