The enterprise will purchase an insurance for its valuable asset. But it cant handle the issue of loss prevention before theft has occurred. Prevent theft is a common concern for businesses of all sizes, the GPS asset tracking device is a perfect solution. GPS tracking technology has a wide range of applications, from fleet management to asset tracking.

GPS is considered to be one of the best options for asset protection as it is flexible and effective. In many industries, GPS trackers are being used to monitor the position of expensive items. For example, hospitals spend a lot of money on medical equipment and the last thing they want is to lose it to theft or even accidental misplacement. Utilizing GPS tracking devices to monitor this equipment allows hospitals to better manage their inventory, reduce theft, and minimize associated costs. Tracking medical supplies and equipment also helps these hospitals create more efficient use systems based on their collected data. 

Other business use cases for small asset tracking include cell phone electronics retailers. These types of retailers are high-risk for theft, and in some cases are easy targets because of the high volume of relatively small and easy to carry high-value inventory. Using GPS trackers on this inventory can make it easier for retailers to monitor inventory and prevent shrink. With this technology in place, law enforcement officials can recover stolen goods and apprehend thieves.