Loss Prevention Systems for Goods in Transit

Owners of high-value merchandise can now reliable utilize GPS location based services to improve loss prevention programs for goods in transit. By covertly incorporating small, battery operated Assisted GPS (A-GPS) tracking devices into the shipment itself, you have the proven means to help facilitate recovery if the merchandise is lost or stolen. GPSit is at the forefront of this technology revolution with integrated solutions that greatly improve shipment loss prevention.

We enable you to:

• Increase supply chain shipment security
• Instantly be notified of potential security concerns
• Reduce shrinkage
• Aid law enforcement with recovery
   

The Cargo Theft Problem

The latest estimates indicate that cargo theft now exceeds $60 billion in losses annually. It is a mounting threat that companies simply cannot afford to ignore. Just one shipment loss can cost millions of dollars. In addition to the direct cost, there are other indirect costs such as increased insurance premiums, weakened customer confidence; diminished product value due to black market resale and more. In short, cargo theft’s impact on your company’s bottom line cannot be ignored.

GPS tracking solutions for trucks and trailers provides a good solution for real-time awareness of your fleet’s location. It is not however, a viable solution for cargo theft prevention and recovery. Studies show that cargo theft is most often the result of organized crime efforts. In these circumstances, most all vehicle or trailer mounted GPS tracking solutions are quickly disabled by professional thieves, rendering GPS based recovery impossible.

The Practical Solution - Covert GPS Tracking

By hiding GPSit’s covert gps tracker with its internal omni directional antennae in the actual product boxes, this method becomes very difficult to defeat. Unlike traditional GPS vehicle tracking systems, GPSit’s FS1 tracker does not need to be in view of the sky to determine a position fix. Even if the product has been reloaded onto the thieves’ trucks and trailers, the GPSit FS1 can easily be located using its assisted GPS capabilities (A-GPS). Long life batteries and advanced sensor technologies further enhance the power of this tracking method. The bottom line - covert tracking technology effectively delivers real-time support for law enforcement recovery efforts and a high probability of rapid recovery.

Location data from GPSit’s tracking software, TrackFusion, is easily integrated into supply chain management systems, enabling seamless operations support. Package tracking services are available in the US, Canada and Mexico.

Covert Asset Tracking - Significant Return on Investment 

GPSit services can protect a shipment for approximately $20 a load, inclusive of equipment lease and services fees. If you use this information in a quick ROI analysis, factoring in your current shipment loss rate, average cost of lost shipments and shipments per year, you will likely discover the ROI for shipment tracking to be substantial.

GPSit would be happy to help you improve your loss prevention program for goods in transit tracking.  Please simply let us know if you would like us to contact you.