GPS tracking tags give you the ability to remotely monitor your inventory assets from practically anywhere in the world. This is most ideal from a business point of view if you may be involved in the transportation of assets. Whether you transport over land, water or by air, this is an effective means to making sure the assets get from location to location safely and securely.
In recent times GPS technology has progressed, devices have become more affordable and freely available so assets of all types are being tagged with GPS units. This can be for tens of assets or in cases a fleet of thousands of assets. GPS Tracking Software used to track the units are also a lot more powerful and user-friendly, making them a far more valuable investment for businesses of all sizes. In keeping your stock safe, you save time and money in the long run in not having to deal with the consequences of your assets being stolen.
Using GPS Tags can help you recover stolen assets faster. Sometimes it’s not just the hassle of replacing stolen equipment that makes theft so inconvenient to a business; it’s the downtime in between losing it and getting a replacement. It’s particular more painful when that piece of equipment is critical to the day-to-day operation of the business. With GPS tracking an asset’s exact location can be provided to the authorities for immediate recovery and a business can get back to making money.
It is also worth remembering that you can use these technologies to determine how effectively assets are being used / utilized. Within any business an asset is an investment and when it’s sitting idle it’s giving the business zero return. GPS tracking can highlight assets being underused, which can then either be put to work or sold off, which can in turn free up capital for the business.
Taking this such action can also lead to savings in annual business insurance costs. GPS tracking is considered as an anti-theft device by most insurance companies and they offer a discount on premiums for it. In addition, by recovering stolen equipment yourself (using GPS tracking) you reduce the number of claims you make, cutting insurance premium and excess costs.
More and more businesses are now beginning to harness the qualities GPS Tag technology can offer the end user. Most of all, they are being used by businesses to prevent theft and for recovering stolen assets. This has never been more evident as some businesses are now investing their money on GPS technologies as a security measure, rather than hiring security staff. For many businesses this is being looked upon as a more cost-effective solution to protect assets.