Increase profits, reduce losses and maintain your safety compliance

So, you’re a construction company that is currently tracking your tools and other assets using a paper based/spreadsheet system, or maybe you’re using an even less sophisticated tracking system? Regardless of what you’re using, you’re feeling frustrated with the level of track and trace accuracy, causing a hit to your bottom line profitability across jobsites!

As you know, the ability to track and trace tools and other larger assets across a construction site will not only reduce the amount of theft or misconduct, it will also provide you increased efficiencies and a higher utilization rate of your equipment.
Knowing where your tools and assets are located at any time helps you prioritise the placement of equipment based on location and job type, as well as knowing the type of tools available for each specific project.

Safety is of the highest priority on any jobsite. Jobsite closure or shutdowns are costly and can become a singular factor of being profitable or not on any project! Tracking your compliance on tools and equipment, making sure your tools on site are compliant with regulatory safety checks is a must, and in some cases are required by law.

Imagine doing away with managing equipment and materials on paper and with spreadsheets, and having the ability to search the location of all your assets across multiple projects instantly! More importantly having the confidence that the data is accurate? By implementing an asset tracking and management solution that’s flexible, effective, and easy-to-use, your businesses can begin to have clarity across your projects, giving you the intelligence needed to start growing and taking on more jobs.

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Improves Profitability

In the long run by better tracking equipment usage, maintenance needs, asset availability/downtime, etc will provide companies with the flexibility needed to take on more future projects. The benefit of this means companies are more likely to calculate ROI with more accuracy, reducing expenses, and gaining a clarity to optimize operations.

Increased Asset Utilisation

By implanting an effective asset management solution, project managers can better allocate equipment, and materials to project sites. Knowing exactly where your equipment and team members are, means you’re more likely to assign the appropriate resources needed to multiple jobs at once.

Achieve Safety Compliance

Tracking whether your equipment has been safety checked and maintain usability status of your equipment means you’re meeting the minimum requirements required by law to operate the relevant, certified machinery on the job site. This increase in compliance and safety could also result in reduced insurance costs. Proving you’re taking preventative measures to avoid injuries and mishaps, can help reduce insurance premiums.

Saves Time

An automated asset tracking solution that utilizes RFID and Telematic technologies can easily help construction companies save time with better and easier ways of tracking the day-to-day productivity of their equipment, as well as having the clarity and information for assigning equipment and materials to a project. As RFID tag information is seamlessly read assets are located and tracked without the need of any human intervention. Overall generating reports for audits are reduced dramatically, and would have taken much longer if they had to be conducted manually.