There’s no worse feeling than a company losing track of a piece of equipment. In industries like construction and logistics, this could be the difference between a job well done and on time, and a ruined contract. This is why it’s important for these companies to implement equipment GPS tracking.
Doing so allows them to keep track of productivity, control costs, improve safety, and ultimately better manage the maintenance and use of equipment. With that in mind, here is how construction and logistics companies stand to benefit from equipment GPS tracking system.
Make Sure All Equipment is Being Used
Many job sites, particularly in construction, have hoarders who may store heavy equipment outside the job site. This is to make sure they have access to it when needed. Of course, they may be doing a good job of using it for their own needs, but that equipment belongs to the construction company and needs to be freely available to use for anyone. When implementing an equipment GPS tracking system, you’ll be to know where your heavy equipment is at all times. While there may be instances where it makes sense for someone to hoard some equipment to save time, it should ultimately be up to the company where the equipment is stored and when it is used, and not up to individual managers.
Track Maintenance of Equipment
It is an inevitable fact of life that all equipment eventually degrades. However, with equipment GPS tracking, you can better check in on the condition of this equipment and make sure that it is served when needed. This helps in improving the lifespan of heavy equipment, particularly the type of equipment that is more prone to breaking and needs more maintenance at regular intervals.
Better Track Your Time
Using equipment GPS tracking, construction and logistics companies can better track the amount of time that their equipment is being used for. This can be used to better estimate work costs and also the costs of using the equipment for that amount of time. Doing so will help to set more realistic project timelines and set more realistic expectations with clients. Without doing so, project estimations may be a lot more optimistic, which can massively hurt client relationships and impact future contracts if these stringent deadlines are not met. Furthermore, doing so helps a company cut down on wasted time and makes sure that everything is done productivity and safely at a job site.
Ultimately, equipment GPS tracking is a great tool to give construction and logistics companies a lot of logistical information to work with. While it is up to the companies themselves to implement this information, collecting equipment usage and location data through the use of a GPS tracking system is great to boost profitability, productivity, and customer satisfaction. If a company can meet all of these goals, and also provide proof of service for customers who are questioning an invoice, then the cost of implementing this s system is well worth it.
Some other articles you might find of interest:
Make your business rock with these business plan writing skills:
Join Our Small Business Community
Get the latest news, resources and tips to help you and your small business succeed.
Would you like to know how investors value a startup?