An estimated $300 million to $1 billion worth of construction equipment is stolen each year, and less than 25% of it is recovered. And the average employee spends 90 minutes per day looking for equipment and tools. (For a 50-person construction company, that’s 18,000 hours per year.)
A robust asset-management strategy is critical for loss prevention, as well as reducing costly downtime.
Check out our latest guide, Lost Equipment is Lost Money, to find out how to leverage a field inspection management platform — one that enables non-developers to create inspection processes and mobile applications without writing code — as part of your asset management system to leverage location-based insights, make data-driven decisions, and avoid wasting time and money on lost equipment.
