Tracking Assets is a Key Part of Accountability and Transparency

 

One of the largest sources of financial inefficiency for any construction company are expenditures that can be prevented by consistent asset tracking. On this episode of ThingTech’s Enterprise Asset Intelligence podcast, the CEO of yardz, Jason Perez, sat down with Sean Heath and they discussed the simple way to solve this complex issue.

The most common mistake happens for both owned assets and rented equipment according to Perez.

“People are renting a lot of stuff that they don’t even need to rent, because they don’t even know where their own stuff is,” he said. “That was kind of an interesting segue way of rentals to owned and, really, it’s all about getting the tools regardless of whether you own them or not.”

It may seem that a highly complex solution would be required, but that’s not necessarily the case.

“Our industry is simple. Really simple. The more complex you make it, the less people connect to your solution,” Perez said.

The range of heavy construction project benefits are obvious, but other job sites can leverage the new technology, as well.

“It’s been a big deal for these roofing contractors to be able to go in and go: ‘Hey. Every project we go out, I’m a click of a button away from renting a reach lift, a port-a-potty, and a dumpster. And it takes me about 15 seconds of effort,“ Perez explained.

Misplaced or forgotten equipment is lost revenue that Perez sees on a consistent basis.

“I would say we walk in regularly, 8 months, 6 months, 3 months, you know, it’s months that people are leaving pieces of equipment and we’re talking tens of thousands of dollars that they’re leaving on the table that they could be putting back to the bottom line,” he said.

For the latest news, videos, and podcasts in the Engineering and Construction Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!

Twitter – @AECMKSL
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

mentorship
Empowering Innovation: Kim Porter’s Role in the WAVIT Mentorship Program
July 19, 2025

In an industry where innovation often hinges on experience, mentorship is the bridge that connects the wisdom of the past with the promise of the future. Engineering, especially in the mechanical domain, is traditionally seen as a discipline of precision, but its culture is just as vital as its calculations. That’s why programs like WAVIT’s…

Read More
mentorship
Passion, Power, and the Mentorship Paradigm Shift in Tech
July 19, 2025

In today’s rapidly evolving tech world, mentorship has emerged as more than a professional development tool—it’s a powerful human connection that fosters resilience, purpose, and authenticity. Particularly for women in engineering and STEM, mentorship isn’t just about career guidance; it’s a lifeline to navigating environments where their voices may still fight to be heard. While…

Read More
AV
Lessons in Leadership: Mitek’s Cyndie Nelson on the Power of Mentoring Women in AV Technology
July 19, 2025

Mentorship has long been considered a cornerstone of professional development, but in the fast-evolving world of AV technology and sales, its value has never been more evident. The unspoken nuances of tradecraft—those bits of wisdom not found in textbooks—are often only accessible through the lived experience of mentors. Particularly for women in traditionally male-dominated industries,…

Read More
security
Securing the Future: AtlasIED Unveils Advanced Security Audio Solutions at ISC West 2025
July 19, 2025

At ISC West 2025, AtlasIED is set to make waves once again—this time with a seamless blend of legacy expertise and forward-thinking innovation. As security demands evolve to encompass smarter, more communicative environments, the company’s unveiling of a VoIP commercial-grade doorbell is more than a product launch—it’s a nod to the increasingly interconnected nature of…

Read More