Less than 25% of stolen construction equipment is ever recovered. When an individual piece of equipment can cost upwards of €20,000 – the impact on the industry is substantial. So much so it’s estimated to cost the players in the market anything from €2 Billion to €4 Billion every year…
The Challenges that Construction Companies Face
Construction companies have a tough time of managing their business in general. Multiple projects across numerous sites and over large geographical areas means it can be hard for the management team to keep track of every single asset in their inventory.
On site theft is an issue of concern for the global industry.
Europe, United States, Canada, Australia and Japan alone estimate that theft of equipment is costing their industry almost €4 billion every single year.
So how do you effectively manage your assets and protect them against theft?
Battery powered units can be used to monitor machinery, generators, storage containers and so on, whilst powered devices can be installed in vehicles such as bulldozers, excavators, cranes and forklifts just to name a few. Equipped with internal high-gain GNSS antennas, the tracker sends information about the asset in real-time, at the chosen intervals you select when setting up.
With geofencing your assets will trigger alerts whenever they enter or exit a specific area such as construction site. You’ll be able to tell if equipment is leaving the site without the site manager’s approval.
Asset management tracking software also provides added security.
Bluetooth sensors can monitor and alert you when doors are opened such as the generator panel or a container/storage unit door. They can also notify you if temperature or humidity levels are causing damage to your equipment when left outside to the elements.
Worker identification also enables you to monitor who on site is using your equipment at any given time. The equipment can be set up to disallow someone from using it if they have not received your authority to do so.
Learn more about the impact of asset management software for businesses in general…
Construction is hard work, asset management software is here to make it that much easier. Get the time back to invest in growing your project portfolio, instead of running around trying to locate lost, misplaced or stolen goods.
Asset management software is a powerful solution that can save your business money, time and resources.
