How to Protect your Assets in the Construction Industry

Protecting employees and assets is important for any business, regardless of industry. But, in the construction industry, there’s so much to think about and consider.

Construction is a working environment where employees are exposed to multiple health and safety issues, putting themselves and expensive equipment at risk. The running of your fleet along with everyday operational structure does pose a threat to high-value business assets.

So what preventative steps can be taken to protect your fleet or expensive pieces of equipment? Well, the answer lies in technology. Technological advances such as vehicle tracking have made it possible to better understand unforeseen risk and maximise the productivity of your whole workforce.

Perhaps you’re not convinced that investing in technology such as tracking systems is worth the money? But here are some of the benefits associated with this type of technology:

It helps you to protect your fleet against theft

Immobilisers are an effective way of ensuring that if someone attempts to steal a company vehicle, they won’t get very far. GPS technology means that it’s possible to monitor company vehicles for 24 hours a day. You’ll know where your vehicles are, and you can check if there are any unusual movements. Let’s say that one of your vehicles has been stolen. You need to act fast so that you get your vehicle back and you can minimise any financial loss.

To protect your fleet in this scenario, an immobiliser that operates remotely is an effective deterrent. An immobiliser works by sending a remote signal to the vehicle’s engine management system. So, once the perpetrator switches the engine off, it can’t be switched on again. This gives you the opportunity to recover the stolen vehicle using the GPS tracking.

You can stay connected to your employees when they’re on the road

Investing in tracking systems for your fleet means that you can see what your drivers are doing in real time. You will have access to driver data, which will enable you to see if a vehicle is being misused or if occurrences of reckless driving are happening. You must keep one step ahead of this kind of behaviour, as it will allow you to take proactive measures. For example, if reckless driving is a common issue among multiple employees, it could suggest that they need additional training. Fixing the problem would make road accidents less likely, keeping your employees and business assets safe and your insurance premiums down. It’s a win-win situation for everyone.

It makes it easier to direct your fleet effectively

Having a real-time overview of the whereabouts of your fleet will enable you to make smart business decisions that are based on data. By knowing exactly where each of your vehicles is, and the estimated arrival times, you will know whether to re-deploy additional assets.

You can map out your operational performance

Fleet tracking systems store journey data across all your assets. So, how does this help you? Well, it enables you to review how efficiently your fleet is operating. Are there particular routes that are slower at certain times of the day? Are certain locations slowing your fleet down? This type of information gives you the power to make changes to how your fleet operates. Perhaps the data suggests that it’s worth trying a new route to avoid congestion? By analysing operational performance, you can pinpoint how to improve productivity, which ultimately saves your business money.

It may help you to drive down insurance costs

Many insurance companies offer good discounts on company vehicles that are equipped with GPS tracking systems. By investing in this type of technology, you can save yourself money in other areas.

Stay one street ahead of maintenance costs

Many GPS tracking systems have telematic features. This gives an overview of the health of your vehicles. The system will stay one step ahead of things like fuel level indicators, engine temperature indicator, and engine oil. It enables you to foresee when a vehicle needs to be taken to a mechanic for routine inspection, meaning that you save money and your employees are always driving a safe vehicle.

There are plenty of ways that technology can help you to protect your business assets. GPS tracking systems and immobilisers are a great investment if your construction business requires fleet management.

Find out how Phantom Tracking Systems can protect your assets and save your business money, on 0161 476 4050.