Asset theft is what happens when an employee or third party steals something from a company.
Asset theft can refer to both physical and non-physical theft and in some definitions, asset theft
can even include things like time theft.
Regardless of the type of business you run, asset theft can happen, and it can cost you millions
if you’re not careful. In this article, we’ll discuss the causes, consequences, and prevention
methods of asset theft, specifically physical assets.
Causes of Asset Theft
When we talk about what causes asset theft, we’re really talking about risk factors. The fewer
precautions you take to deter asset theft, the higher the risk of asset theft.
GPS Tracking for Dry Van Trailers
17 Nov 2024Dry van trailers are what most people think of when they imagine a semi or freight truck. Dry van trailers are the lifeblood of the supply chain and carry countless goods across the country.
If you manage a fleet of dry van trailers, or you’re a freelancer, you understand how many costs and risks you need to offset every day in order to ensure a consistent profit. Bad traffic, weather conditions, bad driving behavior, and poor route planning can cause missed or late deliveries and the loss of business.
In a heavily saturated supply chain that sees millions of tons of goods moving through various transportation channels every day, operational efficiency is critical. Short delays, minor errors, and small problems can lead to unhappy customers, missed shipments, and major losses.
For transportation, distribution, and logistics companies, operational efficiency is the name of the game. In an industry rife with competition and high operational costs, small gains in efficiency can add up to significant gains in savings.
The modern supply chain is quickly adopting various forms of technology to bolster the bottom line. One such technology that has transformed from a helpful addition to a must-have is GPS fleet tracking.
Challenges in Supply Chain Operations
