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HIRE AND RENTAL NEWS • NOVEMBER 2016
INDUSTRY in FOCUS
The majority of plant and equipment in
the Australian marketplace is common
keyed and from all reports, relatively easy
to rebirth with a simple spray paint.
Being a high-risk asset, insurance
premiums and excess continues to
rise. One of the key statistics affecting
premiums for skid steers and excavators,
two of the most stolen pieces of plant,
is the low recovery rate once the plant
is stolen. Loss of equipment affects
the bottom line of a hire company
substantially. This occurs through
downtime, waiting for new equipment to
arrive, and loss of hires.
Taking a holistic approach to storage of
equipment and CCTV is great in avoiding
plant being stolen but when it comes to
getting the equipment back the only real
way to determine its location is through
GPS Tracking and Telematics.
The growth of GPS Telematics in other
Mitigating risk of theft and impact on business
By David Nealon, Pinpoint Communications
Theft of plant and equipment sadly is a continuing trend within the hire industry.
industries has pushed the price point
so low to be an attractive business
proposition.
GPS tracking for plant and equipment can
now be supplied and fitted for less than
$395 with ongoing operating costs from
$180 per annum. When bundled with the
purchase and finance of new equipment
the cost of GPS telematics can be spread
over the life of the plant.
GPS devices now have highly sensitive
GPS receivers that enable you to install
devices in hard to find places in your
plant without degrading the GPS signal
strength. Built in long-life batteries will
keep the device tracking for up to a
month. This is important because thieves
will try to bypass security systems by
disconnecting main power.
Geofences are a virtual zone around the
area you store your plant and equipment.
This will trigger email and SMS alerts if
the equipment is operated or towed out
of the area. Setting up operating hours
of the vehicle can allow you to receive
alerts if plant is turned on or moved in the
middle of the night.
Alerts can be sent anywhere, often to
managers of the hire company but they
can also be sent directly to 24hr security
companies for call out response.
Even the simplest of trackers are now
able to plug into the ignition to give a
rolling weekly report of exactly when
and for how long each day the plant
was used. Gone are the days of a ‘No we
didn’t use it on Sunday because it was
raining!’ That argument is quickly verified
showing a customer a report they did in
fact use it on Sunday and are now able to
capture that rain-day revenue having the
tracker help pay for itself.
Contact: 02 9804 1764 or visit website:
www.pinpointcomms.com.au
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1300 522 232
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