Companies that rent heavy equipment and specialized machines make a major investment upfront. Making sure that each unit is being used and used properly helps realize a maximum return on that investment in a reasonable amount of time.
Things like misuse, damage, breakdowns, and outright theft of a particular unit can lead to major loss of viable time, as well as money. To help ensure that their rental units are being used properly, and in the correct locations, they are supposed to be many heavy equipment rental companies that are turning to modern-day GPS tracking solutions.
GPS Tracking Solutions Are Available For A Wide Range Of Equipment
These days rental companies offer a wide range of heavy equipment, specialty equipment, and even high-value recreational items. Fortunately, the evolution of GPS technology makes it easy to discretely place tracking units on a wide range of items. This includes things like:
- Construction vehicles
- Construction equipment
- Heavy gauge tools
- Landscaping equipment
- Farm machinery
- Utility tools
- Restaurant appliances
- Commercial appliances
- HVAC equipment
- Equipment trailers
- Shuttle buses
- Food trucks
- Motorsport trailers
- Toy haulers
- RV travel trailers
- Recreational boat rentals
- Restaurants and food trucks
- Motorsports trailers
The Benefits Of GPS Tracking On Rental Vehicles And Equipment
Discretely places GPS tracking can be used in a variety of ways other than simply giving you a basic idea of where a particular unit is located. Today’s GPS technology can easily be paired with sophisticated analytics software.
Improved Security For Stored Equipment
Many rental agencies that specialize in heavy equipment also have large equipment yards. These are prime targets for vandals and would-be thieves who are attracted to high-value items. While a simple chain link security fence might provide a physical barrier, most determined thieves will find a way around or over it in a few minutes.
When GPS tracking technology is hardwired into pieces of equipment and trailers, you can set a series of alerts to let you know when they are being affected, and how. This can include things like shock sensors and door sensors that are triggered when opened.
A Geo-fence can also be set up for pieces of equipment and items that don’t have a door or hatch. As the owner, you can set up a perimeter location that the GPS tracked item must remain in. Should someone activate and move it during off-hours, an alert will be sent to your smartphone or another mobile device as soon as it contacts the predetermined Geo-fence perimeter.
Renting out a high-value piece of equipment or recreational vehicle can be a stressful thing for a rental company. Obviously, to remain financially viable, these units need to be out of your equipment yard and making money being used by clients. Yet releasing a high-value item to go sight-unseen for days if not weeks, can be a risky proposition. Especially, if you don’t have a previous relationship with the renter. The chances of theft and/or misuse of your equipment can be high.
Fortunately, GPS trackers can be attached to many vehicles and high-value pieces of equipment. Many can be directly hard-wired to the internal electric system or something as simple as a trailer’s braking assist battery. The signal is then linked through a suite of sophisticated software to let you know where the unit it at all times. It can even be set up with a board Geo-fence perimeter limited to the expected service area. If necessary, you can even make allowances in the perimeter for refueling stations.
Emergency Detection And Alerts
With some high-value assets, pieces of equipment, and recreational vehicles quick attention to emergencies is critical for loss prevention. Something like a rental boat breaking down in a coastal waterway could cause severe damage if it runs aground. Being able to set up an onboard alert or other real-time tracking helps emergency services to quickly find the stranded vehicle.
Monitoring Use And Power Take-Off
Some heavy equipment, farm machinery, and specialized vehicles like backhoes have a power take-off systems that transfer the power of the engine to an arm or specialized tool. While these units are designed to take some wear and tear, improper use can lead to breakdowns or unnecessarily early maintenance.
In the case of something like mining equipment, improper use of power take-off systems might go unnoticed for months. Yet, with a PTO monitoring system onboard, it can track short and long-term usage patterns. This could be key for simple operator retraining to minimize the risk of unnecessary break downs or safety violations.
GPS Tracking For Efficiently Scheduling Routine Maintenance
If you have a large rental fleet it can be hard to keep accurate track of things like mileage and usage through traditional paper systems or simple spreadsheets. The manhours used to monitor these things on a weekly basis can be directed elsewhere, when you integrate your mobile units with GPS tracking technology.
A simple suite of software can monitor the real-time statistics of the unit, including things like how long it travels under its own power if it’s being used properly, and how often things like PTO features are being used.
You can then set alert parameters. When the active mileage or runtime hours reach the preset point, the GPS tracking software sends an alert to your phone or another device. This lets you schedule routine maintenance for things like oil changes, filter changes, and other basic maintenance requirements. It’s especially handy for units with a PTO feature, which can be hard to determine usage by a visual inspection.
Cost-Effectiveness Of GPS Tracking Technology
The rapid development of GPS tracking technology has helped to reduce the overall per-unit cost. When you factor this into the cost of a stolen or damaged unit, the GPS tracker and paired software pays for itself in short order.
At the same time, there are many insurance providers who are considering various discount incentives for vehicles, recreational items, and equipment that are equipped with GPS security features. You see this domestically in driver GPS units, with the potential for more discount insurance incentives becoming available in the future.