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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