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Not only vehicles travelling on main roads, but heavy equipment commonly used for agriculture, construction, or mining also needs a GPS tracker. Some heavy equipment that can be fitted with a GPS tracker includes loaders, dumpers, excavators, and mixer trucks.
If you operate a heavy equipment rental business, your valuable assets need protection against theft and damage. Replacing or repairing heavy equipment can create significant administrative and operational challenges, often resulting in substantial costs. Using a GPS tracker can greatly benefit your business by improving oversight and productivity while reducing operational expenses.
Read Also: How to Calculate Engine Hours and Why It's Important for Fleet Business
1. Increase supervision
With a GPS tracker, you can know the location of your heavy equipment accurately. You can receive notifications if the heavy equipment leaves the designated geofence set according to the rental agreement. Besides security, location monitoring also helps make heavy equipment delivery more efficient. By knowing the location, you can quickly transfer the nearest heavy equipment to the renter's location.
2. Increase productivity
Idling, where equipment engines run for extended periods without moving, renders equipment usage and fuel consumption unproductive. This activity can potentially accelerate wear and tear on your heavy equipment. Monitoring idling can help you take appropriate action to improve the productivity of your equipment and fuel usage. For example, upon receiving an idling alert, you can notify the fleet management or project team renting your equipment.
Read Also: Fleet Management System for the Mining Industry
3. Reduce operational costs
Reducing idling as mentioned in point 2 will reduce fuel consumption. If your heavy equipment rental includes fuel, this can certainly reduce operational costs. Adding sensors to monitor fuel consumption and refuelling on equipment can provide further opportunities for efficiency. In addition, the risk of equipment wearing out quickly—which impacts on ballooning operational costs—also decreases with reduced idling and monitoring of risky driving behaviour. Service and maintenance schedule notifications also help you ensure equipment is well maintained, so it performs better and lasts longer.
All these benefits can be yours with Cartrack's telematics solution. More than just a GPS tracker, Cartrack enables comprehensive monitoring right through to the automatic generation of fleet management reports. Want to know more about how Cartrack can help boost your heavy equipment rental business? Get a FREE DEMO right now!
