Selecting An Asset Tracking System

Managing assets is among the most essential things that business owners can do. At times, there are so many challenges that hinder people from managing their assets well, and as a result, they encounter so many losses. When you realise that you are suffering from huge losses in unexplainable ways, then you know it is time to develop an asset tracking system that works for you.

 

Factors to consider when selecting an asset tracking system

When you select an asset tracking system, you need to know that all your assets’ safety will be determined by the systems you choose. You could choose a system that does what it is supposed to, but in a way that does not work for your business. In the end, you have wasted time and money, and might be creating losses for yourself instead of cutting them. For this reason, you have to be very careful with the asset tracking systems that you select. To choose the best tracking systems, you need to think about the following factors.

 

  • The requirements and needs of your business – This is an important thing, but many people either do not consider or are unaware of the specific needs of their company. They may not know what is most beneficial for their business model, so it is important to try different things and find one that works or risk doing more harm than good.

 

  • Cost – When you select a system for tracking your assets, you will realise that there are systems of different costs. This is to make sure that all the buyers have asset tracking systems that they can afford. You have to make sure that you select an asset tracking system that you can afford that has all the features you are looking for in these systems. If you must choose one over the other, it depends on the success of your business. Do you have the budget to spend a little more on a higher quality system? And if not, you must develop the resources to make up for what the cheaper system will lack. It all comes down to business management and careful planning.

 

  • Accessibility – The other thing that most people forget to look for when selecting systems for tracking their assets is the accessibility of the available systems. Some of the systems in the market are easy to use, while others are very complicated. The latter will require technicians for them to be operated. This may be very hard for you as a business owner since hiring a technician will cost you more money if you want to be on the safer side, like for a user-friendly system.

 

  • Mobility – This is about updating and retrieving information when your assets, like vehicles, are on the move. It is essential when it comes to the management of your assets. This is why you have to look for an asset tracking system with a perfect mobile user interface.

 

  • Features – When you are looking for these systems, you need to think about the box. The features will determine the functionality of the asset tracking system it comes with. Therefore, you have to look for a system that is full of features that will make managing your assets easy.

 

What issues can an asset tracking system solve?

The system is capable of solving specific problems in any business. They include:

  • Costs resulted from losses and theft
  • Actual time location of assets
  • Inventory management issues

 

 

 

5 tips for selling your heavy machinery

Selling used heavy machinery can be time consuming and stressful. It is often difficult to accurately price machinery and know where and how to list equipment. These 5 tips offer a good starting point and will make the sales process a lot easier.

Do your homework

The first step in selling any heavy machinery is knowing how much your equipment is worth. Researching the current market and comparing the prices of machinery similar to what you are trying to sell allows you to establish a reasonable price range. Once you have found a suitable price range, you are able to negotiate the cost of the equipment and set realistic expectations.

Research sales methods

Whatever machinery you want to sell, its conditions and your passion for a quick sale, there will be a sales method that suits you. There are several common selling methods, including confidential and no-reservation auctions, equipment dealers, and private sellers.

Show the value of your equipment

Before selling any heavy equipment, you should consider what it looks like to potential buyers. Poor maintenance can discourage a buyer, so it is recommended that you do some renovations to any machinery you want to sell. This can include any maintenance such as cleaning, upholstery, glass repair, painting and finishing. Usually, refurbishment is a surefire way to show and add value to machinery and provide a greater return than the initial investment.

Be transparent

When listing heavy machinery online, it is important to provide accurate and detailed photographs and information about the equipment you wish to sell. The details and photos posted must be complete and show a realistic representation of the machines – this is especially important if you are selling internationally and the buyer will not be able to physically view and inspect the machine.

Find an equipment dealer

If you are unsure how to sell your heavy machinery and are reluctant to do it yourself, it may be wise to seek out an experienced equipment dealer and distributor. They will bring the skills needed to properly list and market your machinery and perhaps even have the ability to increase the market base for your specific equipment.

Tips and advice Machinery and equipment

For heavy machinery loads concentrated in a small footprint, special care should be taken to ensure that the base of the load is not damaged and to ensure that the weight is evenly distributed over the entire floor of the container. Cordstrap specialists can assist you in selecting the most suitable locking methods.

• Particular attention should be paid to goods of exceptional width, such as machinery packed in crates on flat racks, for a blocking that prevents any slipping and lateral overturning. Cordstrap has come up with solutions to ensure that these types of loads stay in place for the entire transport chain – our belt loops.

• Compliance with the current regulations of the CTU Code is important for the shipper, who is now explicitly held responsible for the delivery of goods that are safe and suitable for transport.

• The straps should only be applied after careful consideration and calculation of the movements and forces that can act on the load. Calculations must be made based on relevant codes or regulations, such as the CTU Code. The Cordstrap team of cargo securing experts can recommend specific applications.

•Belts must take into account a series of factors, such as the nature and weight of the products, but also the means of transport.

• Cordstrap strapping and straps are available with different sealing characteristics from 1,000 lbs (450 daN) to over 45,000 lbs (20,000 daN). Note that polypropylene straps, although similar in appearance, have completely different elongation properties than Cordstrap strapping.