Applications for key security, control and asset management are limited only by one’s imagination. In any situation where there is a need to control access to keys, a key security system can be deployed. One of the most common and practical implementations though is in the automotive industry.
Just think about it. Auto campuses and used car lots are found in every municipality across the country, with an inventory of hundreds of cars waiting to be sold. The temptation for theft is great and dealerships have learned how to protect their inventory using a variety of creative means, including watch dogs and security guards as well as with technology such as a key management or key bank system with tracking software.
Key bank systems were designed as a replacement for manual tracking and storage of keys. Keys are attached to a locking mechanism that is virtually tamper proof and access and return of keys is electronically monitored. This type of locking system is intended to put a stop to the thief who would attempt to keep the key after test driving a demo car and replace it with a counterfeit key, the purpose being to return later and drive off with the demo car. In other cases, key banks with electronic monitoring will prevent an employee from inadvertently taking a key home at the end of the day instead of returning it.
Having easy and reliable access to keys can also help with sales. When keys are stored in a secure, central location, there’s less chance of a customer changing their mind and walking out the door while the sales person quickly retrieves the demo car keys as compared to if that sales person had to run around and look for a set of keys.
Key banks can offer further value to the dealership because the systems can also provide management with data regarding the status and location of vehicle inventory. For example, vehicle history reports can be generated to help analyze sales force performance on demos, fast/slow movers and even track the source of mystery mileage.