Track Your Savings: Budget Smarter with GPS Asset Trackers

Budget season is an opportunity to take a strategic look at ensuring continuity and efficiency throughout the global asset tracking lifecycle. 2025 will continue to unveil operational challenges in terms of pinpointing equipment location, reducing risk, and maximizing asset utilization. At the same time, a new era of technology including in-context global visualization, artificial intelligence (AI) and the Internet of Things (IoT) is laying the foundation for proactive operations.  

According to McKinsey and Company, field organizations that transform themselves to capitalize on new technologies can generate significant gains in labor cost savings, productivity, and other performance metrics.¹ Applying digitalization and automation technologies to paper-driven processes is a necessary first step toward reducing manual labor in administrative tasks. As inventories grow, asset tracking becomes a critical piece of an inventory management strategy that delivers the location intelligence required for supply chain optimization and compliance.

Asset tracking can open the doors to ROI that reaches beyond cost savings to address the most frustrating challenge for most field organizations – a lack of visibility that prevents asset utilization and optimization. Visibility of critical asset information provides the business intelligence that field managers can use to identify revenue opportunities, reduce risk, and optimize asset lifespan. 

Budgeting for 2025

As you budget for 2025, take this opportunity to remove the guesswork out of day to day and strategic operations by utilizing an on-demand arsenal of asset data from the most rugged of environments. Think about how asset intelligence can help reduce technician visits, for example. What data do you need to optimize scheduling and reduce encounters? What kinds of data organization and filtering would be useful in a dashboard designed for easy access to the information you need to make these decisions? 

In this season of planning for expenditures, anticipating workforce requirements, and projecting new revenues, competing for funds can be challenging. That’s why a POC approach that delivers more in savings than the cost of the implementation itself stands out as both innovative and practical. Selecting the right partner is critical to achieving a tangible ROI that is scalable for the future.

Pinpointing Your Requirements: The Value of a Strategic GPS Partner

Investment in the right asset tracking device is key to ensuring visibility regardless of location. Our best-in-class ruggedized asset trackers boast reliability that is designed, tested, and based on power-efficient designs for a long service life. Their ability to deliver the most succinct utilization data to a single pane of glass is unmatched. 

Gathering data is the foundation for a dashboard that enables you to optimize asset movement, make informed business decisions, and increase the efficiency of field operations. The availability of data however, does not guarantee ease of use for the environment you will use to interpret that data. You need quick access to insights on asset utilization for example. Stalled assets and dwell time in a specific location is critical for equipment cycle optimization.  

Getting you to the right data at the right time is part of the Geoforce mission. Whether providing reporting to easily keep track of asset inspections and certifications or delivering comprehensive focus on flagged assets for optimization, our dashboards provide quick visibility for proactive risk management. Together with best-in-class asset trackers, our commitment to data visibility for informed decision-making enables processes such as: 

• Efficient, cross-departmental asset location reporting and route mapping. 
• Avoidance of theft due to security monitoring. 
• Faster relocation time for repossession efforts or tracking assets on undeveloped land (such as well sites in the oil field.) 
• Proactive compliance through maintenance scheduling. 

A POC that identifies specific business requirements such as these examples can expect to deliver results that improve your organization’s bottom line. Scalable for the future, benefits can include reduced manual labor, reduced downtime. Increased asset lifespan, and increased revenue generation opportunities.  

In this season of reflection of current state operations and projections for future improvements, Geoforce encourages you to include a POC with proven ROI for a dual purpose: immediate cost savings and readiness for proactive operations. Get a quote to start tracking your assets.