Whether it’s a farm, construction site, factory, manufacturing facility, powersports or equipment dealership, a tremendous amount of capital is invested in making the business profitable. Protecting those investments, especially when replacing them is more costly and takes longer than ever, is essential.
The cost of equipment theft for the construction industry alone is estimated to be as high as $1 billion annually, with the average value of just one stolen item being nearly $30,000, according to the National Insurance Crime Bureau.
Tracking assets is more complicated than hiding an asset-tracking device on one and flipping a switch. There are important decisions that should be made in advance.
Choosing the Correct Solution
First, choosing a provider that has been protecting assets for decades and has been able to create a complete, proven solution dedicated to theft prevention and quick asset recovery is critical. Pioneers in the telematics industry have created Ryken Asset Management. These pioneers hold numerous asset-tracking hardware and software patents and, for the first time ever, have created a platform without any contracts or monthly fees.
At Ryken, we spend time learning about our customer’s particular needs. A rancher in a remote rural area has far different asset tracking needs than a construction firm putting up buildings in major urban areas. Our sensors include wireless satellite devices and powered devices with built-in back-up batteries included to protect powered or unpowered equipment of any kind.
Knowing the difference and the nuances of when to use powered and battery-only devices is critical to providing the most protection for your assets. A diesel-powered backhoe or electrical generator with a battery-powered starter should use a powered tracker, while a tool crib or storage tank, should employ a wireless satellite device.
Our asset specialists work closely with our clients, making the right decisions upfront, thereby gaining the most protection at the outset of deployment — optimizing asset use and reducing theft and project or production delays.
Powered Asset Examples:
Non-Powered Asset Examples:
Each tracking solution is reported to the client via a software platform accessible on a desktop and mobile app. There are some differences between powered and self-powered devices, which should be considered. For instance, a powered device has additional functionality, such as determining the battery life of the asset.
Theft Protection, Recovery Assistance
Nothing is worse than arriving at the job site or heading out to the field only to discover the essential equipment you need for the day is gone.
Both powered and self-powered satellite asset trackers assist with theft protection and asset recovery. Here’s how:
The Ryken Asset Management solution reports these instances immediately with user notification via the mobile app, text message and email. These same theft protection features also assist with asset management. For example, managers are notified if a device leaves a geofenced area without permission. The unit may be tracked and located quickly by your team, who can then notify local authorities of the theft.
If, however, a device is moving from one assigned location to another, when the unit arrives at the new site, those who should be notified are and, work can begin.
Our team can demonstrate how one feature can be used in multiple ways to protect your assets, provide complete visibility of all your assets, and allow for more efficient and profitable use.
Things to know About Ryken’s Powered Asset Trackers:
Self-Powered Asset Tracker Features:
Contact us today to find the right Ryken Asset Management solution for your unique needs.
