Asset Management and the Benefits of Tracking

asset management

Many businesses own or look forward to owning vehicles in the future to deliver or receive important assets. However, many businesses ignore tracking them and here’s why you need them.

Businesses have lots of assets which help in the smooth running. Some of the assets include computers and other precious goods. Vehicles can be used by companies for delivery and also the collection of assets. Those who have not opted into using GPS in tracking their assets, especially cars could not know the benefits that are accompanied by the system. Apart from the normal positional identification, here are some of the other benefits of asset tracking hardware.

Also check, Top 8 Car GPS Tracker No Monthly Fee in 2019.

Increases Productivity and Lesser Calls to Drivers

Deliveries, pickups and service calls are often made by the management to drivers mostly asking where the driver is located. The calls are usually disturbing since they affect other tasks at hand. If the company has a lot of vehicles, the time wasted on making the “Where are you?” calls is also unnecessary. Asset tracking hardware enables the management to keep track of the position of all their assets and vehicles from a central viewing point. The routes that the vehicles are traveling can also be identified from the same place. In the case where a customer calls to inform of an urgent asset delivery or pick up, the controller identifies the car which is relatively closer and instructs the driver to avail himself at the customer’s place. This, in turn, reduces the number of calls made to the drivers and increases the productivity of the business.

Improved Customer Service

Asset delivery is now substituting the need for the customer to physically visit the stores. Businesses make delivery over a large geographical range, hence a driver may be located near the customer’s place and he is sent with the package as the customer is called to be alerted on the progress. This improves customer satisfaction in your services.

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Safety and Health of Staff

The health and safety of your staff matter a lot, especially during bad weather. Sometimes it may be hard to establish a connection to know exactly where they are. Tracking software for both vehicles and assets gives control as you can see the position and time which a vehicle has been stationary. Potential risks and issues are thereby addressed by the management.

Faster Recovery of Assets and Vehicle

In some unfortunate instances one or some of your assets or fleet may be stolen or hijacked, having GPS installed enables faster tracking which may help the police to recover the vehicle in time, hence reducing possible damage.

Automatic Notification on Unauthorized Use

GPS enabled tracking system helps the person monitoring the fleet to automatically get notified when one or more car leaves the set position. If for instance, a car leaves the parking lot, a text or mail is automatically sent to the controller to notify.

Reduces Paperwork

The tracking system takes logs in a span of 3 to 4 minutes. This reduces the administrative paperwork in compiling mileage reports. The logs including mileage, speed, and total travel time are automatically sent to the monitoring station.

One should consider the value of assets and fleet before opting for the right GPS tracking system. the And, if you are looking to know more about asset management, here’s a quick guide to it.

Guide to Asset Management

Proper asset management leads a business to have a successful and safe delivery to the client. Managing means using the best strategies for the likelihood of delivering products to the final destination. Today, enterprises and businesses use the principle of asset and logistics management to have proficiency when moving it from one place to another.

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Coordinator

An important member of the asset management department is the coordinator. They organize, plan, supervise, and report all of the activities of a business. The coordinator’s role is to utilize the best methodology for delivering products. He usually uses airlines, shipping lines, trucks, and trains to transport the needed assets to the clients. Another responsibility of the coordinator is that they are in charge of deliveries and pickups to various loading platforms. Time is crucial for the coordinator because if he misses a delivery, this can cause delays for the business.

Distribution

The final element of asset management is distribution. This component tracks down if the products or assets have reached to the customer or not. It requires operative management of the distribution process as a whole and is financially reliant for the success and longevity of the business. Distribution relies on when, where, and how much the customer wants the items. In addition, its role is to store and transport the assets to storage locations before delivering it to the customer.

As seen above the benefits of the asset tracking system can reduce the running costs and also increase the productivity of the business, so choose the right supplier.

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