How GPS Tracking Saves Your Business Money

by Jill
22. December 2010 18:54

Most of us use GPS Navigation devices to get directions to a destination.  The latest use of GPS Tracking encompasses a similar technology, used to track the current or past whereabouts of others.  It’s more common than we realize.  Tracking devices are commonly used for businesses applications ranging from routing the closest vehicle to an address to ensuring employee safety.  

Recent studies indicate that businesses report a reduction in fuel usage as the biggest advantage of GPS tracking. Monitoring and reducing speeds, routes, and idle time are just a few things that fleet owners can do to lower the fuel bill.

Fact is, each mile per hour above 50 MPH increases fuel consumption by 1 ½ percent. Higher speeds also cause more tire heat, which puts more wear on tires. Wear on tires will just about double at road speeds of 70 MPH or greater.

DashTrac can report all vehicle activity and immediately alert fleet managers by cell phone or email of speeding and unauthorized use of company vehicles. Business owners are most concerned with fuel & maintenance, employee overtime, and employee productivity. 

GPS vehicle tracking solutions significantly reduce costs for businesses:      

1. Fuel & Maintenance - The average operating cost per vehicle is about $1.50 per mile. A company can reduce at least 25 miles per week for each vehicle with a GPS tracking device.      

2. Employee Overtime - The employee overtime rate is estimated at about $30 per hour. On average, a company can reduce at least 1 hour of overtime per week with a GPS fleet tracking system     

3. Employee Productivity - On average, each vehicle could complete at least 1 extra stop, job, or delivery per week with a live GPS tracking unit.

What is the ROI?  For an average size fleet of 10 vehicles, the estimated monthly savings is generally over $6000 with a GPS tracking solution.  The cost of a GPS Tracking Device has significantly dropped over the past 10 years.  A DashTrac device can be purchased for around $200 and can be easily self-installed by plugging directly into a vehicle's OBDII port. It's typical for a company to see their return on investment within about 30-45 days.   

How much does it cost your company to deploy a vehicle?

by Jill
1. November 2010 20:49

With the price of fuel as unpredictable as Aunt Martha’s mood swings, and economic concerns still in the news, technology is quickly becoming embraced by every industry, especially when it means that things done quicker, easier and cheaper.  Businesses that rely heavily on off-site employees have realized that GPS technology is a powerful tool when it comes to overall business management.

While GPS has been around for a long time, it has just recently become an enterprise necessity. Quickly adopted by large fleets, GPS technology is now used across the board to manage any-sized business with multiple vehicles on the road – whether it’s four trucks or four hundred vans. 

Imagine how much easier life is when you can oversee multiple employees on multiple jobs just by checking your computer screen?  When vehicles are equipped with GPS tracking devices, dispatch becomes as easy as point and click.  The additional benefits are astounding. Monitored drivers are safer drivers, and the astronomical costs associated with waste decrease considerably when checks and balances are instituted.

By deploying GPS tracking on service vehicles, companies are able to turn them into rolling “profit centers.”  In addition to decreasing expenses incurred in fuel and labor, field service businesses also benefit from a reduction in wear and tear, which leads to further bottom line improvement. Additionally, dispatchers can immediately identify and alert the closest vehicle to respond to an emergency service request. This, in turn, has led to faster response times and an increase in customer satisfaction.

The return on investment is almost immediate; and when you consider that a reliable GPS tracking system costs just pennies a day, it’s a no-brainer.

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