WHY YOU NEED ASSET MANAGEMENT IN YOUR Logistics BUSINESS 

Your delivery business is made up of many moving parts, and keeping track of all those parts can be difficult at times, especially as the company grows and expands. 

Scheduling drivers is of course extremely important, but what if the drivers were missing their scanner? Or their gas card? Or even their truck? 

Luckily, asset management, and our very own Fleet Tracker Tool, will get you on the right track.

ASSET MANAGEMENT

This is where asset management comes in. Auditing your company equipment regularly ensures that nothing goes missing, which means that you won’t need to replace equipment regularly (or spend your limited time on a hunt for the item). And when you aren’t constantly replacing equipment, you can put that money and time towards other parts of your business.

At Logistical Resource Group, we like to take the saved funds and invest them back into the business, in the form of new equipment that we didn’t already have, raising employee wages or bonuses, etc. There are so many other ways to use funds than replacing the same equipment over and over.

“Managing company assets has helped so much because it has saved the company thousands of dollars. It has placed accountability on our employees and made them more aware and care more about company assets,” said Katie Pickett, Director of Finances at LRG.

WE HAVE A TOOL FOR THAT

Once you realize that asset management is an option for your business, it can seem like a daunting task to start from scratch. After all, who has the time to create their own spreadsheet, track down every scanner and company phone and then document it all? Well, LRG can help.

Our Fleet Tracker spreadsheet will jumpstart your asset organization and help get organized for maintenance, compliance, insurance, technology, and of course, keeping track of the equipment (scanners, iPads, etc.) associated with each vehicle. 

It may take some time to gather all of the information, and it’ll definitely take a little extra time each month to account for it all, but it can be done. And once you add it to your routine, it’ll get easier and more efficient as you get used to it. 

Plus, imagine the time you’ll save in the long run having everything in one place! Information about your vehicle, its VEDR, scanners and more will be at your fingertips. You can even track the monthly mileage for each vehicle to plan for scheduled maintenance.

Most of all, the money saved on equipment, the time spent looking for each item and the adopted attitude of accountability for all employees will be more than worth the effort. 

At LRG, we are constantly seeking to stay on the cutting edge of the Final Mile industry, which is why we work hard to create tools like the Fleet Tracker Spreadsheet (and a cost per mile calculator, an ISP Negotiations course, a cost-to-hire calculator, recommended wage guide and much more). 

We invite you to learn more about LRG, our tools and benefits on our website, and to reach out if you have any questions about our association.

Already a member? Find our Fleet Tracker tool here.

OUR FUTURE IS STRONGER TOGETHER.

Where best-in-class logistics contractors come together to learn and grow. 

573 East Highland Road Macedonia, Ohio 44056

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Logistical Resource Group is not endorsed, sponsored, approved or otherwise affiliated with FedEx, Amazon or any other companies.