Return On Investment- Why Track Assets?

The Benefits of Plant Tracking and Asset Alert Within The Plant Market

To help combat the industry issue of £150M worth of plant equipment being stolen and not recovered every year, the asset alerting solution has been designed to bring the
following benefits to the plant industry.

• A cash flow Improvement of £170,000 per annum when used on a monitored fleet of 400 pieces of equipment 
• A Battery Life in excess of three years, providing operational economy 
•  Self-Installed Unit within 15 minutes, removing the need for a costly installation charges. 
• Portable Design so it can be re-used across multiple assets, adding to
  the flexibility 
•  Notification of plant that has moved outside of its designated area,
  thus speeding recovery time and assisting proactive asset management

The obvious implications of plant being stolen or not recovered quickly is the direct impact on hiring revenue or additional costs due to labourers being stood idle.
The alert solution has the ability to provide its users with the following benefits and operational information to help combat the above issues:

• Monitor assets on a daily or as needed basis, to track assets whilst on hire/used in high risk areas or by new unknown customers
• Provide confirmation of asset location whilst performing stock takes 
• Industrial grade, weather proof enclosure (IP67), providing a robust and reliable solution for a hostile outdoor environment 
• 15 minute install and re-install due to no external cabling or power, therefore providing the ability to re-use tracking units on different plant equipment as
  and when needed, reducing the overall investment in tracking equipment 
• Battery cell monitoring/low power warning solution to ensure that the condition of the unit is always known. 
• Geo-fence solution that raises an email or SMS alert when the unit reports a location that is outside of the pre-defined area set by the operator 
• Potential reduction in insurance premiums by incorporating the use of tracking
  and monitoring devices

Return On Investment

When the solution is used within a plant hire environment to monitor 400 pieces of plant out of a typical fleet of 1000, it can provide significant financial benefits
to the business.

Two of the main benefits that the system will bring to a business are:  the ability for companies to reduce their insurance premiums as they are
monitoring the location of the asset and raise an alert when the asset moves from its correct location 

if an alert is received, the company can locate and quickly recover the asset, therefore minimising the impact on revenue. An additional benefit of the unit is that because of its autonomous nature, there are no costly supplier installation charges, and the tracking unit can be re-deployed if required, therefore minimising the expenditure spent on the tracking solution.

This shows that the operational financial benefit can be significant both in terms of cash-flow and overall return for the project. Although the operational effectiveness gained by having easy to access to information on the location of assets is hard to quantify, it is key to a fast moving business.