Improve Equipment Utilization with Asset Tracking

Are you spending valuable time and resources sending equipment to a site only to have it sit idle for the duration of the job? GPS asset tracking is a simple and convenient way to improve utilization by keeping an eye on assets and equipment. With asset tracking, maximize your profitability by identifying idle assets that might be redeployed or sold, extend asset life and productivity, plus recover stolen equipment.

Using asset tracking, you can monitor the utilization of high-value assets with metrics such as engine hours and miles moved, history, travel patterns and downtime. Get deeper insights into how your trailers are being used, including dwell time, yard movements, and yard entry and exit times. Set up alerts for entering or exiting a geofenced zone, temperature and light change, impact and other thresholds.

With this data, learn how many assets you need. You may discover that some equipment is overworked while others remain idle, not generating revenue. Underutilized equipment wastes money, so asset tracking helps you determine if expensive assets not being used could be redeployed or sold to get the most return on investment. Or you may discover you need more equipment.

In addition, asset tracking improves utilization by extending asset life and productivity. Unforeseen breakdowns can be costly and time consuming. Eliminate unplanned repair costs and downtime by scheduling proactive maintenance reminders based on hours or miles.

One of the biggest challenges facing many companies is asset theft. People often target assets left on a job site or sitting idle for a long period of time. In fact, nearly $1 billion in large machinery is lost or stolen in the U.S. every year.¹

Naturally, companies fear their equipment will be stolen or used inappropriately, so they may transport it back and forth to job sites every day—an expensive and time-consuming use of resources and gas. But with asset tracking, you have access to real-time location and movement alerts that can help you quickly recover stolen assets and locate misplaced equipment left at the job site.  

More and more construction companies are embracing the benefits of asset tracking, including:

• Rugged Design: Hardware maintains connectivity and operation in the harshest environments
• Geofencing: Provides alerts should assets and devices move out of a defined area perhaps due to theft or misuse
• Long Battery Life: Ensures peace of mind, with field rechargeable batteries that last up to 10 years in trackers
• Tamper Protection: Generates text or email notifications if tracking devices are removed from assets
• Fleet Management Integration: Generates a map view of your fleet and assets for a holistic view of your operations
• Reports When Moved: Receive alerts or reports with time of departure and time of arrival information for every asset

“The use of internet-connected devices, such as equipment monitoring sensors…and RFID tagging & tracking has decreased resource waste…and enabled remote monitoring and data collection, thereby increasing productivity and optimizing financial resources,” according to a Straits Research Internet of Things (IoT) report that also determined that asset monitoring is projected to expand at a compound annual growth rate of 14.37% by 2030.²

Other uses for IoT in the Asset Tracking market include predictive maintenance and fleet management, the report said.

Our partnerships with industry-leading telematics, camera and asset tracking solution providers eliminate the need to explain your requirements to multiple vendors. You can count on our local experts to work with you to select the best solution to meet your unique challenges.

UScellular provides a powerful nationwide network to ensure your assets stay connected, no matter the location or environment. With asset tracking, you can improve safety, prevent misuse, maximize utilization, and locate missing or stolen assets from anywhere. And our local teams will support you from product selection to training, deployment and beyond.

Ready to discover how our asset tracking solutions can improve your business? Contact UScellular for a free demo or visit Asset Tracking Solutions.