How Scrap Metal Management Companies Can Benefit From Asset Tracking
The scrap metal management industry has seen a lot of success while recovering from the pandemic. Companies are seeing more demand for scrap metal than supply since import and export restrictions are still being discussed. However, the US is leading all other countries in metal recycling. Investments in new technology have allowed for greater efficiency, despite the labor shortage.
With Quick Expansion Comes Increased Risk
With demand for scrap metal at its highest since before the pandemic, many companies are quickly learning how well their current asset management process is working… or not. Sending more assets out into the field at one time makes it harder to keep track of their locations, how long they’ve been on-site, and when they’re coming back for the next job. This can quickly result in missing assets, underutilization of assets, and lost revenue.
In other cases, companies are oversupplied with assets and have trouble managing such high inventory. The current disruptions in the transportation chain often lead to inefficient routing, so assets are not arriving on time, and they don’t make money while on the road. Plus, having to manually dispatch assets is time-consuming and difficult to update with such a steady flow of operations.
Scrap metal recycling companies that do not have a quick and easy asset management solution are finding more headaches as they try to keep up with the increased workflow. These inefficiencies lead to leave these companies vulnerable to errors, lost revenue, and poor reputation as they learn the days of manually managing the location of their assets by word of mouth and spreadsheets is over.
Asset Monitoring to Save Time and Money
To combat this increased demand for scrap metal management and recycling, a robust asset tracking solution is indispensable. The combination of asset tracking devices on all your equipment, paired with a cloud-based asset tracking software, gives you the ability to monitor the location, dwell & demurrage, and usage of all your assets at the touch of a button.
CallPass provides those in the scrap and waste industry with first-class GPS trackers and an all-encompassing platform (LANA Asset) that can manage each asset in your operations, from dump trailers, roll-off containers, dumpsters, dump trailers, metal dump bins, and lugger pans. These pieces of equipment take a beating which is why our rugged devices are built to withstand anything that your equipment can handle. Our trackers are IP66 rated and offer the highest protection against particles, water, dust, oil, and other non-corrosive material.
Adding this technology to your scrap metal management company helps you:
- Increase productivity
- Stop billing disputes
- Optimize asset utilization
- Simplify tracking
- Combine collection efforts
- Reduce expenses and increase profits
Take Control of Your Scrap & Waste Assets
- If the expansion of the scrap metal industry has you feeling stressed, a better asset management solution is what you need. CallPass offers rugged devices and seamless software to help you keep track of every single asset and exactly what it’s been doing. This gives you the knowledge to control output, decrease risk, and improve your bottom line. Contact us today to learn more about what we can offer you or request a free demo to see it in action.
