How On-Field Tracking Can Reduce Operational Costs

Through on-field tracking, businesses can monitor real-time activities, optimize their resource allocation, and eradicate inefficiencies. By resolving delays and increasing accuracy, this can yield great savings in operational costs. In addition, the adoption of this technology will allow for smooth work flow and increased profits.

Highlights

• The business using on-field tracking sees improved efficiency of resources by 20-30%, which is considerably substantial when it comes to the cost savings.
• By up to 15%, real-time tracking of routes helps businesses optimize the efficiency of logistics and fuel by minimizing idle time.
• Research shows a boost of 25% in the productivity of workers through on-field tracking.
• Systems for tracking equipment losses by 50% are enabled, offering a timely way to plan for maintenance before costly breakdowns occur.

Co-Founder

Harsh Abrol

4 min read

With Over 14 years of Experience in the IT Field, Helping Companies Optimise there Products for more Conversions

Introduction

In the recent past field tracking has grown to be one of the important success factors in most businesses. It shows that this new technology has the possibility of raising operation accuracy and efficiency while at the same time having a possibility of lowering the overall cost of operations.

In this article, you will be able to find out how the on-field tracking technology can lead to cost savings and how you can apply this in your business to meet business goals and objectives.

On-field tracking

Field tracking software covers the utilization of sensors, GPS and other rating techniques in the determination of the position and status of equipment, people and other associated assets in the field.

This method of tracking helps companies always keep an eye on the business, control its progress, and address problems promptly. 

On-field tracking uses technologies like RFID tags, Wi-Fi, Bluetooth, and GPS to capture, store and analyze different facts related to the position and status of objects, tools and people.

This means that the gathered information can be retrieved using real-time data dials, which can be used to inform companies. Live tracking systems and field sales tracking apps allow businesses to make faster, data-driven decisions.

Operational costs

Global business operational costs involve expenditures on factors of production, people, materials, durables, and services that a company requires to perform its activities effectively.

Reducing operational costs leads to greater efficiency and improved financial outcomes, resulting in better overall operations. 

A few of the most widely applied techniques for cutting overall costs include a more efficient application of industrial processes, better utilization of resources, avoidance of wastage as well as increased efficiency of particular pieces of equipment.

On-field tracking offers opportunities to reduce costs by streamlining various company tasks and providing valuable insights.

Benefits of On-Field Tracking

Improved asset management

Many of the advantages of the tracking mode operation on the field can be associated with more efficient asset management. When the location and status of equipment and an asset are being monitored and recorded in real-time, it becomes easy for a company to determine whether it is being used optimally and whether it is available when required.

This reduces losses through shoplifting, theft and other usages that are not beneficial to the company hence; incurring extra costs.

For example, in tracking the location of construction vehicles for a construction company using on-field tracking tools, the company would end up avoiding the enormous loss in time and resources.

It can also be used to determine which piece of equipment is not used effectively enough to be employed more effectively and with the reduction of costs.

Equipment Utilization

Equipment intensity means the extent of equipment used in a company. It is a key indicator of the performance and productivity of company operations.

Field staff management apps can provide useful information on how different equipment is used and can also assist businesses in identifying equipment that is underutilized and effective methods of resource distribution can be applied.

Reduced labor costs

One other area where on-field tracking may greatly help to cut costs is in handling labour. With timely tracking of persons and their location, companies can confirm whether workers are on the right tasks, approaching the job diligently, or just wasting time. Of which, this can lead to labour cost reduction to a significant level.

For example, a logistics company can manage the clock or location movements of the company’s drivers by using on-field tracking via live tracking systems, thus helping to eliminate redundant movements and high fuel consumption.

This can not only result in a reduction of the costs of labour but also the amount spent on fuel and vehicle maintenance.

Labor costs

Labor costs refer to the expenses a company incurs in managing its workforce for a project. They comprise wages, salary, benefits and any other emoluments paid to employees.

Since accurate tracking of the players provides mandates on how labour can be managed on the field, then companies can contain their labour expenses and overall spending.

Improves Safety and Compliance

When combined with AI, on-field tracking becomes an even more powerful tool for enhancing safety and ensuring compliance. By integrating compliance measures, businesses can significantly reduce risks while also cutting operational costs.

On-field tracking enables real-time monitoring of personnel, assets, and equipment, helping to identify and manage potential safety threats before they escalate.

This proactive approach minimizes risks to workers and safeguards company revenue by preventing costly incidents.

Moreover, on-field tracking is essential for meeting regulatory requirements and compliance standards. It helps companies avoid fines and penalties by ensuring that field activities align with industry guidelines.

For instance, a mining company utilizing on-field tracking can monitor employees to ensure they operate safely and within legal boundaries, reducing the likelihood of incidents that could result in additional expenses.

Safety and Compliance

Safety and compliance are the steps that have been put in place to avoid loss of life, company property and the environment. It is important to maintain appropriate safety and regulatory compliance because it can also drain one’s budget and even attract fines and penalties.

On-field tracking can help management meet safety and compliance objectives, avoiding costly fines and other related expenses.

Final Words

The technique of on-field tracking results in possible beneficial effects towards cutting down on operational expenses of a broad category of businesses in different fields.

It is now possible for companies to maximize asset opportunities, minimize employee expense, and secure both safety and compliance with the help of this technology to increase their total company performance and profits.

Many businesses looking for custom software development to enhance their field operations can seek the help of a software company in Chandigarh. These companies specialize in providing field tracking software, field staff management apps, and live tracking systems to suit the needs of various industries.

By leveraging these customized solutions, businesses can unlock even greater potential for cost reduction and efficiency.

On-Field Tracking Software Development with Digittrix

On-field tracking is a game-changer in reducing operational costs within the supply chain. By implementing real-time tracking solutions, businesses can streamline logistics, monitor shipments accurately, and avoid costly delays. On-field tracking ensures visibility at every stage, helping to manage resources efficiently and improve decision-making.

If you want to integrate on-field tracking to optimize your supply chain and reduce operational costs, Digittrix can help. With 14 years of expertise and skilled developers, we offer custom mobile app development that fits your needs.

Let us build the perfect solution for your business! Schedule your consultation today by calling +91 8727000867 or email us at digittrix@gmail.com.