TrackoBit

Imagine having 200 vehicles in your fleets and only having trips worth 150 of them! 50 vehicles… wasting away with depreciation costs! Nobody would like to invest much more than required - it’s unrealistic and unideal! But how can you make sure that all your vehicles are working at the best of their capabilities? Through proper asset management systems ! So, if you want to bid adieu to wasteful assets in your fleet - because these unused ones are also more susceptible to theft - and want to make the best use of the ones you keep, continue reading! In this article, we’ll talk about the importance of asset management, and how you can use it to boost your business ROI! What is Asset Management in Fleet Business? Asset tracking in fleet management is monitoring and managing the location, status, and usage of assets within a fleet. These assets include, but are not limited to vehicles, equipment, consignment, containers, or even drivers - basically anything valuable to the business that can...

For companies globally, it's important for them to manage their assets effectively in order to prevent misuse, loss and gain customer satisfaction. Asset tracking becomes a necessity for companies transporting their products or goods across through fleets.  This is where the prowess of asset tracking software comes in. Asset tracking software is a tool that will help organisations track their assets, like expensive equipment, vehicles, and field employees. There is no restriction to the type of asset that can be tracked using the software. By monitoring the assets, you gain visibility into the operations, which is necessary to eliminate inefficiencies. What is Asset Tracking? To begin with, the basics of asset tracking happen when companies want to track their physical assets. And for this to happen, you have to equip your assets with a GPS tracking system, barcode scanner or RFID and invest in asset monitoring software . The physical assets can be anything like generators, vehic...