The Covid-19 global pandemic has changed so much about the way we work and live, it has been exceptionally hard for businesses to keep up. A surge in online shopping and the demand for immediate deliveries has changed the speed at which a company has to respond. No longer expect your customers to come to you – it’s all about reaching them – wherever they might be…
How to Remain Profitable in a Highly Demanding and Competitive Environment with Asset Management H2
Remaining competitive was hard enough before the pandemic. But now entire industries have had to reshape their business to meet the changing nature in the consumers’ lifestyle and buying patterns.
This is especially true for delivery service companies who need to be faster, more efficient and more reliable about getting the goods from A to B without any hiccups.
Delivery Service Business needed an innovative solution such as asset management tracking.
People forced into their respective homes and closed environments. Unstable markets. Time pressure. Delays in production and shipping. Whichever list you refer to, the impact of the last two years is far reaching.
Added to that, the BSI and TT Club Cargo report, showed that theft of cargo in transit was highest amongst all cargo theft in 2020, at 71%. Losses from warehouses and other storage facilities increased to 25%.
So with high levels of theft and changes in consumer demand, how did companies succeed?
To satisfy market demand, stay afloat, keep customers updated and optimise everyday costs, the present-day logistics business is required not only to track and manage the vehicle fleet, but also the goods being delivered – parcels, packets, pallets, boxes, livestock, food, pharmaceuticals and so on.
The businesses that embraced these changes and found workable solutions are the ones that are now thriving.
With GPS tracking mechanisms installed, transport and delivery companies were able to monitor goods through the full cycle. From loading and unloading, to the route, tracked delivery time and records on the last known location of goods. The technology optimised the delivery process and greatly reduced operational costs.
At the same time fleet managers must efficiently manage the conditions of the goods during the transportation process to ensure timely delivery to the right destination. Critical data such as cargo temperature, humidity, even item shock detection has become must-have reporting. All this data and all the events in turn must be tracked, recorded and immediately uploaded to the fleet tracking software application. If any of the transport conditions are being violated, a parcel has been lost or delivered to the wrong address – the company who was overseeing the process would be in the know and can rectify immediately.
One drawback to GPS tracking was the occasional issues the software faced when located indoors or within a narrow street network, being blocked by walls and roofs.
So how can asset management software like Yaza, offer a solution to the deliver, transport and logistics industries?
- GPS tracker with the addition of wireless Bluetooth connection means that your trackers can also communicate with Bluetooth devices such as beacons and sensors. The small and lightweight Bluetooth beacon or sensor is attached to every delivery item to be tracked and monitored – the parcel, packet, box, pallet, etc. Because each beacon and sensor have a unique ID number transmitted over the air, the GPS tracker will read these IDs and send the ID data combined with its GNSS location details, to the Yaza platform. That means all the data is uploaded straight away to your devices, giving you valuable and real-time knowledge.
- How close an item is can be gauged based on the near, away and far away zones. This means that you can be notified immediately if an item then moves beyond the furthest zone so you know there’s a problem. The device also supplies you with the last known co-ordinates to make it easier to know where to begin to look.
- The whole set up is fully customizable so you can adjust your dashboard and reporting to the data you need, especially to get the maximum out of the asset management solution.
- When everything is tracked with precision information and status recording, your entire team becomes accountable. Everything important to your business – goods, valuable assets, processes, patterns and personnel actions are being tracked, monitored and optimised.
- Wireless and affordable – Bluetooth connectivity ensures fast installation and setup, with low interference and power consumption and is also inexpensive. If damaged, lost or stolen, the beacon/sensor can be quickly replaced.
Learn more about the impact of asset management software for the construction industry…
It hasn’t been easy for businesses, but for those that have adopted modern day technology and embraced the potential that asset management software has to offer, it has brought improved profitability and competitiveness. Not to mention considerable cost savings because of the removal of expenses from theft and misplacement or damage.
Asset management software is a powerful solution that can save your business money, time and resources. And in today’s fast paced world that can be the difference between closure and success.
