It is estimated that theft and vandalism at construction sites account for nearly $1 billion a year in losses. However, with new technology utilizing GPS, you can be notified in real time the moment your expensive equipment has left its designated area.
Geofencing is a new kind of software that allows the user to create a digital boundary around a job site as well as tag valuable pieces of equipment to track. GPS satellites and/or local Radio Frequency Identification (RFID) are used to allow users to create their virtual boundaries and connect them to software that monitors that location, giving timely updates on tagged equipment that enters and exits the job site.
If the equipment is taken beyond the establish boundaries at any time, users receive an immediate text or email alert so they can determine whether it’s time to call the authorities or tell the new guy he’s driving the wrong way. In the unfortunate event that you’ve been alerted because your assets are being stolen from your work site, the individual trackers you can attach to each vehicle make the recovery process a breeze.
Every construction business has limited resources that must be allocated properly to ensure nothing disrupts the workflow. In addition to preventing theft of costly equipment, geofencing can help the organization of jobsites. With geofencing, you’ll always know exactly where all of your equipment is at any given time, giving you the opportunity to create seamless schedules to share the equipment between sites, ultimately reducing downtime and wasted labor. The benefits of using geofencing don’t end there. Geofencing doesn’t just help track your valuable equipment, it can indirectly track your workers as well. With the individual tracking devices, worker vehicles can be monitored to ensure they are sticking to their designated path and not taking unnecessary breaks on company time.
This technology can be a godsend for managers in various departments within a company. Safety managers can utilize data such as seat belt alerts and braking and acceleration reports to help monitor each employee’s driving habits. Fleet managers can use it to keep current on maintenance schedules and even generate fuel reports.
To get started, all you need to do is install a GPS tracking device in the equipment you’d like to protect and set up your geofence. For a few hundred dollars, installing a GPS tracking device will save you time and money. When it comes to the cost benefit analysis, the tracking device wins by a mile. So if you’d like to rest easy knowing that your equipment is more secure, there’s no better option.