Maximise Rental Equipment Efficiency with GPS Trackers: The Key to Asset Management

October 29, 2024 3 min read

Excavator Rental, Equipment tracking solutions

Table of Contents

GPS Trackers for Rental Equipment

When it comes to rental equipment, GPS tracking devices are a game changer. They give you full visibility over your assets, making tracking equipment rentals easy, optimising how they are used, and reducing the risk of theft or loss by enabling quick recovery.

Renting out equipment means valuable assets could be scattered across work sites, cities, or regions. Tracking where everything is and how it is used is critical to keeping your rental business profitable and successful.

GPS trackers provide added peace of mind for those renting from you. They increase the safety and security of the equipment, offer ID identification for usage, and make recovery swift if anything is misplaced or stolen. Your clients will appreciate that extra layer of security.

Keeping Tabs on Your Rental Gear

Managing rental equipment effectively requires coordination and accurate inventory tracking. To stay on top of things, you will need:

  • A complete list of all rental equipment.
  • Real-time visibility of location, usage, and maintenance status.
  • Updated records for any inventory changes.

Trying to manage all this manually leaves room for errors. That is where a digital tracking system steps in. Using GPS and other location technologies, you can optimise inventory management and get the data you need when needed.

Location Technologies

Our GPS trackers use three leading location technologies, each with its unique benefits, depending on your business needs:

  • GNSS (Global Navigation Satellite System): This includes GPS, GLONASS, and Galileo, perfect for outdoor applications. GNSS relies on satellites to provide global positioning.
  • Wi-Fi Positioning: This is ideal for indoor tracking, especially when GNSS signals cannot penetrate buildings. Wi-Fi positioning combined with GNSS is great for equipment that moves between indoor and outdoor settings, like warehouses or storage facilities.
  • Bluetooth: Low-energy Bluetooth tags and gateways can track stationary and mobile rental gear indoors and outdoors.

GPS Tracking Device Features for Rental Equipment

Our GPS trackers offer a range of features to help manage rental equipment, whether it is in use or sitting in storage:

  • Power Options: Choose from OBDII, wired, or battery-powered solutions for powered (e.g., heavy machinery) and non-powered (e.g., containers or tools) equipment.
  • Battery Life: Long-lasting battery life with ultra-low power consumption means fewer battery swaps.
  • Theft Recovery: With one touch, you can activate "Recovery Mode " and receive real-time tracking updates every 30 seconds.
  • Geofencing: Set up custom alerts when assets move in or out of specific areas.
  • Run Hour Monitoring: Track how often equipment is used.
  • Impact Detection: Monitor for excessive g-forces, which could indicate damage.
  • Maintenance Alerts: Receive alerts based on run hours or travel distance for scheduled upkeep.
  • Rugged Design: Built tough with IP67-rated protection against dust, water, and extreme temperatures.
  • Flexible Installation: Install your trackers with screws, bolts, or cable ties, and enjoy discrete, tamper-resistant options.
  • Customisable Features: Fine-tune tracking intervals, movement settings, and more to fit your needs.

Why Should You Use GPS Trackers for Rental Equipment?

Equipment theft and the challenge of effectively managing rental assets are ongoing concerns for rental businesses, fleet managers, and risk managers. Adopting GPS trackers helps you avoid these issues, ensuring your equipment is optimised, maintained, and protected.

How GPS Trackers Benefit Your Rental Business

  1. Simplified Tracking:

    GPS trackers provide accurate data that can be easily integrated into your tracking system. Whether you need on-demand or regular updates, GPS gives you the visibility to keep things running smoothly.
  2. Prevents Theft:

    If equipment is moved or turned on without authorisation, you will get an instant alert and can remotely immobilise it. If stolen, Recovery Mode helps you get it back quickly.
  3. Prevents Unauthorised Usage:

    Remotely disable equipment to stop unauthorised use, saving you from costly maintenance or damage. It also ensures you are paid for all equipment use.
  4. Accurate Invoicing:

    Track exact runtime to make invoicing more accurate. No more billing by the hour or day – you will have the data to back it up.
  5. Better Maintenance:

    Schedule maintenance based on actual usage, keeping downtime to a minimum and ensuring equipment is always ready for the next job.
  6. Business Optimisation:

    GPS trackers help with inventory management, asset utilisation, health, and safety compliance, and optimising rental equipment routes and placement. You will make informed decisions faster by having real-time data at your fingertips.

Conclusion

Keep Track GPS tracking devices are built to help you grow and protect your rental business. Contact us to find out how we can support your equipment tracking needs!

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