GPS Auto Tracker :::::GPS Auto Tracker
Managing Equipment Rentals
with GPS Auto Tracker Technology
Managing Equipment Rentals
with GPS Auto Tracker Technology
| GPS Auto Tracker |
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A local equipment rental company that specializes
in building and construction rental decided to use
business. It seemed that due to the down turn in the
home construction industry they were seeing an
increase in equipment losses and fraud. Small
backhoes and excavating equipment were
especially subject to being rented and not returned.
In one case 6 rentals were made to an individual that
used someone else’s identity to secure the
transaction. The loss of equipment equaled almost
$200,000.00. The rental companies insurance
covered some of the loss but a large part had to be
absorbed by the business.
In addition many pieces of equipment were being
used inappropriately or abused. This abuse led to
the early depreciation and value of the equipment by
reducing its expected operational life.
Real Time GPS auto tracking technology can be a
great way to keep track of vehicles, equipment and
labor resources. New technology now allows small
GPS tracking devices to be placed or hidden on just
about any valuable resource. These devices provide
not only the location of the device but also its route
of travel, time that the unit is at rest, its speed, and in
many some cases provide valuable information on
critical mechanical functions such as engine
temperature, hours of operation and even fluid
levels.
GPS tracking devices are designed to use the GPS
portion of the unit to record and store geo physical
data and in some case vehicle mechanical
information. This information then is uploaded to a
GPS service provider via existing cell phone or
satellite phone technology. These uploads are timed
according to the needs of the business. Data
uploading can be programmed by the service
provider to range from 1 minute to once a week. In
general the more frequently the data is uploaded
the more the tracking service company will charge
the customer. A business such as an equipment
rental business may only need to upload its data
once a day thereby saving money.
Our local rental business contracted with a
nationally known GPS tracking service provider.
They also opted to have the service company
provide and install the tracking devices in the rental
equipment. You can often purchase your own
tracking devices but you then will be responsible for
the maintenance and replacement of any faulty
tracking units. Generally when you contract for the
tracking service company’s equipment they will do
the maintenance and repair of broken tracking
devices as part of the contract.
A business can as our local equipment rental
company has done contract for what is called geo
fencing. Basically this feature is used to assure that
equipment and vehicles remain in the area they are
assigned to. Recently the rental company was
notified that piece of equipment was beyond the
area that the company allows its equipment to be
used. The rental agreement clearly stated that the
trenching machine was only to be used with in a 4
county area. The GPS tracking Service Company
notified the rental company that their equipment
was out of bounds. The rental company tried to
contact the renter but after repeated calls and no
response they notified local law enforcement
agencies. The renter was stopped on the interstate
more than 160 miles away. After a short
investigation it was determined that the renter had
used false identification to rent the trencher and he
also was wanted on a felony warrant. The rental
company recovered their equipment undamaged
due to the GPS auto tracking technology.
In many cases insurance companies will give
businesses that use GPS tracking technology a
discount on vehicle and equipment insurance. As
you can clearly see the use of this technology may
save you money and help you manage your
valuable business resources. It does pay to
carefully research each GPS service company to
assure that they meet your individual company
needs. This technology will not only save money
but give you piece of mind knowing where your
valuable equipment is at all times.
GPS Auto Tracker
in building and construction rental decided to use
business. It seemed that due to the down turn in the
home construction industry they were seeing an
increase in equipment losses and fraud. Small
backhoes and excavating equipment were
especially subject to being rented and not returned.
In one case 6 rentals were made to an individual that
used someone else’s identity to secure the
transaction. The loss of equipment equaled almost
$200,000.00. The rental companies insurance
covered some of the loss but a large part had to be
absorbed by the business.
In addition many pieces of equipment were being
used inappropriately or abused. This abuse led to
the early depreciation and value of the equipment by
reducing its expected operational life.
Real Time GPS auto tracking technology can be a
great way to keep track of vehicles, equipment and
labor resources. New technology now allows small
GPS tracking devices to be placed or hidden on just
about any valuable resource. These devices provide
not only the location of the device but also its route
of travel, time that the unit is at rest, its speed, and in
many some cases provide valuable information on
critical mechanical functions such as engine
temperature, hours of operation and even fluid
levels.
GPS tracking devices are designed to use the GPS
portion of the unit to record and store geo physical
data and in some case vehicle mechanical
information. This information then is uploaded to a
GPS service provider via existing cell phone or
satellite phone technology. These uploads are timed
according to the needs of the business. Data
uploading can be programmed by the service
provider to range from 1 minute to once a week. In
general the more frequently the data is uploaded
the more the tracking service company will charge
the customer. A business such as an equipment
rental business may only need to upload its data
once a day thereby saving money.
Our local rental business contracted with a
nationally known GPS tracking service provider.
They also opted to have the service company
provide and install the tracking devices in the rental
equipment. You can often purchase your own
tracking devices but you then will be responsible for
the maintenance and replacement of any faulty
tracking units. Generally when you contract for the
tracking service company’s equipment they will do
the maintenance and repair of broken tracking
devices as part of the contract.
A business can as our local equipment rental
company has done contract for what is called geo
fencing. Basically this feature is used to assure that
equipment and vehicles remain in the area they are
assigned to. Recently the rental company was
notified that piece of equipment was beyond the
area that the company allows its equipment to be
used. The rental agreement clearly stated that the
trenching machine was only to be used with in a 4
county area. The GPS tracking Service Company
notified the rental company that their equipment
was out of bounds. The rental company tried to
contact the renter but after repeated calls and no
response they notified local law enforcement
agencies. The renter was stopped on the interstate
more than 160 miles away. After a short
investigation it was determined that the renter had
used false identification to rent the trencher and he
also was wanted on a felony warrant. The rental
company recovered their equipment undamaged
due to the GPS auto tracking technology.
In many cases insurance companies will give
businesses that use GPS tracking technology a
discount on vehicle and equipment insurance. As
you can clearly see the use of this technology may
save you money and help you manage your
valuable business resources. It does pay to
carefully research each GPS service company to
assure that they meet your individual company
needs. This technology will not only save money
but give you piece of mind knowing where your
valuable equipment is at all times.
GPS Auto Tracker
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