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

sustainable building practices
Galvanized Steel Leads the Way in Sustainable Building Practices From Cost Savings to Environmental Benefits
April 22, 2024

As the construction industry navigates the complexities of sustainability and economic pressures, the role of galvanized steel has become increasingly pertinent in sustainable architecture. This material, celebrated for its durability and low environmental impact, is gaining attention amid global steel market fluctuations and rising demands for sustainable building practices. With significant shifts in manufacturing […]

Read More
Edge AI
The Winning Combination in Edge AI is Combining Cutting-Edge Hardware with Smart Software
April 22, 2024

As the world heads towards a technology-driven future, the integration of AI and edge computing is proving to be a game changer, particularly in the realm of IoT. These innovations are making it possible to process and analyze data where it’s collected, drastically reducing latency and enhancing real-time decision-making capabilities. The burgeoning field of […]

Read More
cloud environments
Rethink Everything: Modern Cloud Environments Demand a Fusion of New Security Architectures, Continuous Education and Educated Partnerships
April 22, 2024

As businesses increasingly transition to cloud environments, the conversation around cybersecurity has become more crucial. The shift from on-premise to cloud-based infrastructures offers notable benefits like scalability and cost savings, yet it introduces unique challenges and complexities in security management. The stakes are high, with a significant rise in cyber threats exploiting the vulnerabilities […]

Read More
Bullying, Suicide, and Society The Unseen Crisis in K-12 Education
April 22, 2024

In a recent episode of the Secured podcast hosted by Mike Matranga and Mike Monsive of ASAP Security Services, the tragic case of a transgender student named Nicks Benedict from Oklahoma grabbed national attention. Benedict, a 16-year-old who identified with he and they pronouns, died by suicide after a bullying incident at school. The […]

Read More