Assets are essential items that we own, either an individual or a company. They either cost you a fortune, or their presence is needed to perform specific tasks hence are significant in your life. Many local stores and online shopping websites sell different types of GPS trackers to help you monitor your assets. An example is a battery-powered GPS tracker used on unpowered equipment or those with no energy of their own. We expound on various considerations for selecting an asset GPS tracker.

Considerations for Selecting an Asset GPS Tracker.

Trying to get the perfect tracker can be challenging due to the many choices available in the market. The following are tips to help you narrow down your selection and get the best fit for your assets.

1. The Data Resolution Needed

It’s essential to know how much data you expect the tracker to provide before buying, each tracker device provides different data levels. It also helps determine the overall costs in a month. Small companies have few assets meaning their inventory wouldn’t be as detailed as that of big and well-established companies.

In most cases, their inventory management is simple and may require a single update of the location to the management per day, which requires less money to facilitate the process. Companies with a vast and detailed inventory and have several pieces of equipment in different locations often go for trackers that give location updates every now and then, and the cost of doing this monthly is high.

If you have little to no knowledge of the tracking solution you need, seek assistance from GPS trackers consultants to help you with the type that will be the most beneficial for you.

2. Cost

The cost of an asset GPS tracker varies based on several factors like the engine diagnostic data, tracking resolution, communication network involved, the size, nature of construction, and many others. The price is also influenced by the kind of features the tracker has. They can be standard as installed by the manufacturer or additional features fixed depending on your preferences.

You may pay more for a single GPS tracker compared to a company that’s buying in bulk. Compare the price to the features or functions of the tracker and determine if it’s worth the money or not. In addition, most highly-priced trackers tend to be of good quality and last for a more extended period.

3. Type of Communication Network

There are two types of communication networks used by trackers: satellite and cellular communication networks. A satellite communication network allows the tracker to provide communication information in rural and remote areas and functions well in an open environment. The network is expensive, so you should keep the data resolution low to cut costs. Cellular communication network offers good coverage especially in areas with many people; however, communication is lacking in remote areas. The network provides more data at an affordable cost and is ideal for simple operations.

Conclusion

When buying an asset GPS tracker, check all details to know what is a must-have for you and what you can forgo. Doing this determines the tracker’s price, so you know how much you need to spend and how well the tracker works for your assets.