Proving the Business Case for the Internet of Things

ID Systems to introduce asset-tracking tech in Toyota lift trucks

Iain Morris
October 22, 2014

Fleet management player ID Systems is to provide vehicle management services (VMS) to a leading US specialty retailer as part of a deal with Atlanta-based Toyota Forklifts.

The contract will see ID Systems install its asset-tracking technology in a fleet of lift trucks, allowing the retailer to monitor vehicle location and realize various other efficiency gains.

ID Systems (Woodcliff Lake, NJ, USA) said that after implementation the retailer will have deployed its PowerFleet-branded technology across 18 retail and distribution sites and that another 17 of its sites are due to introduce the technology over the next 12 months.

The financial terms of the latest agreement were not disclosed.

The company is working on the installation with Toyota Forklifts (Columbus, IN, USA), which distributes several leading brands of industrial vehicles, including Toyota Industrial Equipment, the world’s largest lift truck maker.

The version of PowerFleet that ID Systems is deploying will use the retailer’s existing Wi-Fi network to communicate wirelessly with lift trucks at each site, while the system’s software and data will be cloud-hosted in a secure ID Systems data center.

Data reports will be delivered automatically via email and users will be able to access the system software as needed using an internet browser.

That means the system will require virtually no support from the retailer’s IT organization, claims ID Systems.

“These orders are significant on several levels,” said Kenneth Ehrman, ID Systems' chairman and chief executive. “First, this is another example of a business rolling out VMS across its enterprise, based on compelling quantitative and qualitative value.”

“Second, these orders reflect the growth in importance of ID Systems' strategic partnerships with forklift dealers,” he added. “Finally, our cloud-hosted solution represents a rapidly growing trend of deploying VMS as a service, with lower costs and fewer administrative duties for the customer.”

ID Systems says that VMS can help to improve supply chain productivity by ensuring equipment is in the proper place and the right time, streamlining material handling work flow and providing unique metrics on equipment utilization.
 
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