The GPS Tracking ROI Solution: Part 2

GPS tracking-ROI 2

GPS tracking: All about the savings

Being a fleet business owner brings many responsibilities and requires completing tasks that will keep the business thriving and growing. GPS tracking has been proven by many fleet business owners to bring a true return on investment. In part one of this series, we explained a bit about how GPS tracking can help you see ROI in two different, important areas of your business. By using GPS tracking features fleet businesses can reduce labor expenses and increase revenue. In part two of this series, we’re going to discuss how you can see ROI with GPS tracking by stopping inventory theft and reducing wasted miles.

1.) Preventing Side Jobs: According to the National Labor Bureau, approximately 5.7% of workers engage in moonlighting or side jobs. This costs your business in lost income, more vehicle maintenance and extra fuel. GPS tracking is a wonderful solution to preventing fleet vehicles from being used on employee side jobs. With geofence alerts managers would know exactly where all vehicles are, at all hours of the day.

2.) Reducing Wasted Miles: The monitoring capabilities of the live map makes GPS tracking unbeatable. Not only can managers see their trucks in real-time, but the GPS tracking devices will record miles drive and which routes were taken. With the advanced routing option that GPS tracking has to offer dispatchers can choose shorter paths which can be programmed to prevent a continuation of wasting miles. Fewer nonproductive miles reduces the costs associated with fuel, oil changes, tires and repairs.

Improved management resulting from the use of GPS tracking aids in preventing income theft and dramatically reduces mileage. As mentioned in part one, GPS tracking is also useful reducing labor costs and increasing profits. When you have instant access to the whereabouts of your vehicles and staff at all times you can better monitor your business assets and start seeing a ROI right away. You could save hundreds of dollars in all areas mentioned just by using GPS tracking.

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