Do you need to protect expensive assets? With geofencing, you can take the guess work out of safeguarding your vehicles, RV trailers, equipment or other valuable assets.
Geofencing uses GPS, Wi-Fi and/or cellular data to create a virtual boundary or an invisible fence around a geographic area. You receive an alert when a tracking device enters or exits this area. By attaching a tracking device to your mobile assets, Geofencing allows you to easily keep track of those assets and if it crosses your set barrier, then you’ll be alerted.
Geofencing can also be used to track assets and equipment. Someone can put a GPS tracker with geofencing on an asset to view where it is in real-time and receive alerts when it goes outside a specific geographical area. Geofencing is great for people who don’t want to have to keep a constant eye on their equipment. Geofencing is a great tool for these industries:
Inventory control is an essential part of managing a business with expensive equipment. GPS trackers with geofencing allow you to pinpoint where your equipment and when it moves. For instance, construction companies can see when they have moved their cement mixer to a new location. If someone decides to move it to a different site, the company receives a notification when it goes off site. They can quickly monitor the situation and ensure the equipment is back where it belongs.
This tracking prevents construction companies from facing issues with misplaced equipment. Missing machinery can halt projects, causing delays, missed deadlines and unhappy clients.
Problems can also be avoided in the automotive industry or powersports industry. Dealers can ensure their cars or motorbikes won’t drive off out of range without their knowledge. Geofencing is also valuable in the medical device industry. Owners receive alerts if a medical device is moved outside set boundaries, preventing misuse or relocation.
When you run a business with expensive inventory, you know how theft can cut into your bottom line. The National Insurance Crime Bureau estimates that construction theft costs are between $300 million to $1 billion a year. And according to the FBI crime data, more than 12,000 vehicles were stolen off dealership lots in 2021. GPS trackers with geofencing simplify theft protection and recovery.
Let’s say someone steals your car directly from the lot. Geofencing can send an alert once it is taken off the lot, allowing you to know when it happens. With GPS systems you can track the vehicle in real-time and use advanced features in conjunction with Geofencing. Features like starter-interrupt or the remote vehicle disable option to immobilize the vehicle if it is stolen. You may also have a Tow Detection feature that alerts you if a vehicle is moving without the ignition being enabled. You also have tamper detection features to alert if someone is trying to disable the GPS. These features are designed to work seamlessly together for theft protection and recovery.
For smaller items, like medical equipment, using a smaller, wireless GPS device can help track your assets. Once someone tries to remove the medical device from its set location, geofencing will alert you to the issue. Then you can track where the device is going and easily retrieve it.
Smaller GPS devices are a great tool for the powersports industry. For example, if someone tries to race off with a motorbike, snowmobile or ATV, the small, discreet GPS can help with theft recovery.
For many industries, assets are out on the road, off-roading, on a lake or on a construction site, being leased or rented for short periods of time. Geofencing is a great tool to ensure your rental or lease terms are being followed.
For the powersports industry, if someone is renting a motorbike, you can be sure they stay in the designated area. If they try to drive it outside the boundaries, you’ll receive an alert letting you know they’re not following the rental terms. It works for many industries, while renting RV trailers or leasing out medical equipment, geofencing will ensure you know if someone is trying to use these assets outside the agreed-upon area.
Also, you can use GPS devices to send payment reminders to the customer when payment is due, improving your chances that the rental agreement is working.
Geofencing is just one major tool used in GPS tracking systems. PassTime offers a variety of GPS systems to meet different needs.
PassTime GPS trackers offer dealers and companies better inventory control and theft protection. When you have expensive inventory, you need an easy, cost-effective solution to protect it. Discover why PassTime has been picked by more than 10,000 businesses to protect $10 billion in equipment and assets. Contact us to get a custom solution that fits your needs.
