How Can GPS Tracking Help with Fleet Asset Tracking?

Asset tracking, for both vehicles and equipment, is an important requirement for fleet operators. GPS-based fuel level monitoring can enable accurate asset tracking within fleet management while providing real-time visibility into fuel levels. Besides improving asset security and optimal utilization, fuel level monitoring and asset tracking can help ensure efficient asset management by making it easier to plan refueling schedules using real-world data and not guesswork.

Additionally, asset tracking using fuel consumption data can assist with resource allocation. This becomes possible as you can more readily identify assets that are not optimally used or the ones that require above-average maintenance.

Find out how GPS-based asset tracking can help improve asset utilization and security.

Benefits of GPS Asset Tracking

As a company managing a fleet, it is likely that you have both mobile and stationary assets, including both powered and storage systems. When you manage such a mix of assets, GPS tracking can provide improved visibility into asset location and utilization. 

Improved Asset Utilization Management

When your fleet grows, it can become challenging for fleet managers and their teams to keep track of the assets and ensure their optimal utilization. It is not just important to maintain an accurate inventory of your assets, you should also plan their efficient utilization. Not all vehicles and equipment are likely to be in simultaneous usage, increasing the chances of underutilization. This can translate into direct and indirect financial loss.

Using GPS-based asset tracking systems can help you make better sense of the assets in usage, their location, and the nature of usage. 

Some of the benefits of asset visibility include:

• Reduction in fuel consumption and cost through analysis of distance traveled, usage, and power-on duration. As scheduling becomes more efficient and identification of wasteful practices becomes simpler, you can save more money on fuel consumption. 
• Identify under-utilized assets that can be repurposed or sold.
• Monitoring asset location and duration of usage. Keep track of the time the assets are in use and whether they are being used in the manner intended. 
• Improve cost analysis by tracking project-wise asset utilization.
• Produce advanced usage reports for fleets to determine asset movement duration, idling time, location, and distance traveled.
• Determine the assets you should monitor and how often you should receive the reports. You can also determine the frequency and way of reporting based on your business needs.

You will no longer have to worry about the whereabouts of your fleet vehicles, heavy equipment, or storage tanks in the field. 

With GPS-based asset tracking, you can benefit from accurate data reports and improved fleet management. Precise mapping and real-time location allow fleet managers to know the exact location of their assets at all times. 

Improved Asset Security

As a fleet operator, you know the impact of a lost asset. A single stolen asset can translate into replacement costs, unexpected downtime, lost opportunities, and customer dissatisfaction. When you invest in GPS-based fuel level monitoring systems, you can benefit from additional asset security. You can receive real-time alerts in various situations, such as:

• Usage during off-hours
• Asset movement outside authorized geofenced areas

Once you implement asset tracking systems, you can easily locate your assets in case of loss or theft. 

Benefits of ESCORT TD Online Fuel Sensor & GPS Tracker

The ESCORT TD Online is a specially designed fuel monitoring unit that features a capacitive fuel sensor and GPS tracker designed into a compact casing. It can empower your asset tracking requirements with its unique features. This includes:

• Easily track asset movement and location
• A highly reliable GPS/GLONASS receiver constructed into the casing
• Learn about driving quality with the help of a built-in position sensor
• Nano SIM card slot for cellular connectivity

Thus, there are many benefits of implementing a GPS tracking system to keep track of your assets. Whether it is for your vehicles or stationary assets, the right system can provide the desired level of protection while also helping with cost savings.