Managers and business owners of both large and small fleets worry that investing in fleet tracking is going to empty their pockets. Some who are not familiar with GPS fleet tracking are quick to say that they cannot afford it. But understand: This is one of the biggest misconceptions among fleet operators. In most cases, implementing a fleet tracking solution will actually save you money and provide a rapid return on your investment.

By tracking and monitoring your fleet with GPS, you can save money on fuel consumption, increase productivity, reduce overtime costs, lower risk, and even cut down roadside assistance costs. Not only will you be saving money, but you have the potential of more than doubling the return on your investment. Several customers of GPS Insight report seeing an ROI in excess of 1000%. A Mobile Resource Management study by C.J. Driscoll and Associates states, “the single most important reason for market growth has been the significant increase in awareness and acceptance among local fleet operators of the high return on investment (ROI), including increased fleet operating productivity and efficiency, that can be obtained with Mobile Resource Management (MRM) solutions.“

As rising costs in a slow economy put a tight squeeze on company finances, vehicle tracking can help minimize costs by increasing overall operating efficiency. According to a report by the Aberdeen Group on Service Workforce and Fleet Management (published in May, 2009 and available at gpsinsight.com), responding firms report a 21% average reduction in operating costs per vehicle, which amounts to approximately $750 in per-vehicle savings on an annual basis.

Here are a few of the ways you can immediately begin saving money, man-power and resources with GPS Insight’s fleet tracking solution:

• Real time map updates and 2 minute vehicle locations to help your dispatchers know exactly which vehicles are close to new orders - no more calling your drivers or relying on them to provide their location and trip status
• Unlimited history, allowing you to go back and ensure that you have unquestionable proof of service when billing or service questions arise
• Reports to identify reckless and wasteful speeding with 100% accurate speed readings from the engine’s computer
• Begin/End of day reports and detailed, 2 minute updates, which can help to identify fraudulent hours claimed by your drivers
• Off-Hours/Weekend use reports which will help identify costly and risky personal vehicle usage, side jobs, and improper vehicle utilization
• Theft recovery and real-time tracking to guide police to thieves
• MPG, Fuel Consumption and Idle Time reports easily identify wasteful vehicles and driver behavior
• Automated alerts identify you to speeding, idling, odd-hours usage, engine light status, and exact diagnostic fault codes
• Scheduled service reminders and a service log
• Emissions report to identify vehicles which require service before they go for testing, and which help to keep your fleet running clean
• Driver Identification/Vehicle Assignment via Key-FOB technology allows for exact interpretation of activities associated with the employee driving a specific vehicle. No more questions about who was driving which vehicle and what were they doing on there shift or time in the vehicle

For precise and business specific details pertinent to your company’s pain points, please call GPS Insight today to request a live demo or to discuss a risk free 30 day trial of our solution.

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GPSI_Investing_in_Fleet_Tracking_Yields_Substantial_ROI.pdf