TrackX Holdings Inc., a SaaS-based enterprise asset management solution provider, is pleased to announce that Polaris Inc., a global leader in powersports valued at over $5 billion, has chosen TrackX to deliver its Global Asset Management for Enterprises (GAME) solution for recreational vehicle inventory management at its facility in Wyoming, Minnesota, as the first of a multi-facility initiative. Leveraging GPS and active RFID tags on its vehicles, TrackX will provide critical real-time visibility to these high-value assets as they move not only throughout Polaris’ facilities, but also on test drives, at tradeshows and at other marketing events nationwide. GAME’s event management, workflow processing, and analytics will not only provide significant savings on inventory loss and insurance liability, but also provide operational efficiency while reducing overall labor costs.
The deployment of this solution will result in real-time data and analytics derived from active RFID and GPS technologies attached to ATVs, snowmobiles, motorcycles, and other high value assets, amounting to approximately 3,000 vehicles at any one time. By capturing data through fixed RFID readers at various choke points throughout the facility, Polaris will have visibility into key metrics around asset dwell times, maintenance scheduling, inventory levels, and specific vehicle location both in the facility and at off-site locations. TrackX revenues will be generated largely from recurring SaaS license fees along with associated implementation and configuration services.
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“Polaris has an extremely diverse asset base that is often exposed to equally diverse conditions resulting in a need to have a wide variety of different IoT technologies to support our solution,” said Mallory Apperson, global environment health and safety manager at Polaris. “TrackX’s flexibility in technology and ability to implement these technologies simultaneously was a major factor for Polaris’ decision.”
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“This significant opportunity within Polaris is a further testament to the power of GAME in managing the very diverse business processes, asset classes and business workflows of our customers. Once a customer has implemented GAME, its ability to track other assets, across multiple locations, with completely different tagging technologies and IoT sensors can be easily accommodated, creating further savings, incremental leverage and additional value for our customers,” stated Tim Harvie, TrackX CEO.