Most organisations when they think of GPS tracking, straight away think about their vehicles and trucks. Valuable assets that are often stolen. GPS tracking in vehicles is now commonplace and is supported through the ability to tap into existing power systems to ensure ongoing power and charge is available for any GPS tracking module.
Non-powered Assets are limited in this regard.
An asset that doesn’t have its own source of power generation (typically an engine with an alternator) is generally referred to as a non-powered asset. Trailers, commercial generators, shipping containers, water tanks, mobile traffic signs etc.
Asset Theft on the Rise
Across Australia there has been a 45% per annum increase in plant and equipment thefts.
Why you want to track Non-Powered Assets
Theft is a very real issue for many organisations. Whilst tracking of vehicles and assets doesn’t directly limit the level of theft, recovery and identification of stolen assets is far easier and more likely to be successful – saving you costs in downtime, insurance, and replacement.
Non-powered asset tracking is particularly useful in ensuring asset movements that are unauthorised can be quickly identified. The use of geo-fences around areas where these assets are stored or located in the field can be setup to notify your fleet administrator if they are moved beyond these boundaries, ensuring they are both aware of the movement and can double check if the movement has been authorised.
Finally the use of Pool Booking can help ensure that mobile non-powered assets such as trailers that are regularly being taken out into the field can be booked and tracked similar to any vehicle, again taking advantage of Geofences, but also enabling the pre-booking and securing of assets for jobs so that staff don’t go to use them only to find it is already out in the field.
Tracking non-powered assets doesn’t necessarily suggest a relationship with saving money, but looking into some of the extended benefits you can achieve, there are some notable cost saving measures you should take into consideration.
- Self-Insuring – Self-insuring is something you can read about in greater detail on our other article. But the premise of self-insuring is to replace traditional insurance through a third party to protect assets in the case of theft and instead offset the risk of theft and improve recovery through tracking of these assets. For mission critical non-powered assets, this can reduce operational costs – especially in times where a specific asset or piece of plant is required that isn’t quickly replaceable (and where traditional insurance can fall-down).
- Time Costs – Locating non-powered assets can become a time consuming and inefficient process to undertake. If assets aren’t left in the same place regularly, or if they are moved without authorisation time can easily be wasted trying to locate the asset. With tracking, even if an asset is moved, it’s latest position is always known, minimising disruptions to day-to-day operations.
Time and efficiencies in locating assets is costly. Not just from a financial perspective, but also from an operational standpoint. The time taken to locate your non-powered assets can lead to delays in completing projects, lead to the requirement for additional staffing to complete projects and additional administration commitments that could otherwise be avoided.
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