Organizations are continuously looking for new ways to grow their yearly profits. One proven way of reducing costs and increasing profits is through a more efficient utilization of fleet vehicles. This can be achieved by, for example, optimizing on-road driver productivity, reducing fuel costs, and improving vehicle maintenance. To help fleet managers develop a positive business case for investing in GPS fleet management technology, this article will outline some cost saving and expense considerations. By identifying these elements and associating the cost-benefit of managing them, you’ll have put together your business case for taking action based on facts!
Calculate any one-time upfront costs for the tracking device, along with the monthly subscriber fees. Ensure to consider whether the device is a self-install, or whether hiring a professional installer will be required.
Benefits come from utilizing the valuable data that the fleet management system produces for the business.
Fuel consumption can be reduced by:
Reduction in labour and fuel costs can be realized by:
The GPS device helps companies determine a truck’s performance, condition and when to schedule maintenance to stay ahead of problems.
The power of the data is invaluable. Companies can set standards for their business, identify underused and spare equipment, and achieve higher levels of customer service. The positive return on investment is driving demand for the fleet management technologies and raising the standards in overall fleet management. For more information, please leave your questions or comments in the area below.
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