Understanding ROI- What it is and How it can Help Improve your Vehicle Tracking Productivity?
March 31st, 2020
Vehicle Tracking and GPS management systems are continuing to gain traction across all vehicle-based industries with many benefits like improving customer service to enable better routing and increase driver productivity, Vehicle Tracking software can play an integral role in enhancing connectivity and streamlining operations
Time and time again Technology has proven to revolutionize things for the better like making tasks easier and speeding up operations. With the arrival of GPS Vehicle Tracking Systems fleet managers have found ways to prevent any problem which might end in loss or damage.
But to recognize true ROI, it’s important to first define what it means in relation to the utilization of a GPS management system, and then identify the key areas to measure within the organization.
How Vehicle Tracking System Helps Increase ROI
Vehicle tracking system helps to increase ROI by cutting down costs by increasing the productivity and lowering investment costs and thereby increasing your overall profit.
With our Real-time GPS tracker in your hands, you can access the status of your staff and vehicles at all times, identify where they are, at what speed they are driving and how long the vehicles remain idle, and better monitor your company assets and immediately start seeing a high ROI right away.
- With live location updates of your entire fleet, you can serve more customers in less time by finding the closest vehicle to nearby locations
- You can Keep track of the activity and performance of your vehicles, thus reducing fuel associated and everyday wear and tear costs
- Track your employees at all times and minimize unauthorized and unnecessary use of company equipment and vehicles.
- With our state of the art real-time GPS Vehicle Tracking System, you can use limited resources to do greater or an equal amount of work, such as,
1. Reducing Operating Costs
The Best way to increase your ROI is to trim off operational costs with a GPS vehicle tracking system. Vehicle Tracking System allows transport managers to find the most efficient and shortest path possible by avoiding congested and heavy tracking roads, thus consequently reducing fuel expenses and travel time.
With regular trip monitoring you will get enough data regarding your driver’s behaviour, which then can be used to analyze driving behaviour and help to come up with new driving rules that promote more economical driving. Transport managers can also identify vehicles that are on queue for maintenance to avoid unexpected repairs and breakdowns en route.
2. Lower Labor Expenses
Our GPS vehicle tracking system not only increases ROI and gives real-time Tracking data, it also yields in driving behaviour data like idling, speeding and unwanted braking habits. These are some of the mistakes drivers think they can always get away with, without thinking about the impact it has on the company.
With a Vehicle Tracking system you can analyze work hours by looking into driving data while they are on the move or when they are just idling someplace thinking no one can see them, which contributes to fuel costs. should anything happen while they are in an unauthorized location You can also hold drivers accountable for making unauthorized trips.
3. Improved Productivity
Our GPS Vehicle Tracking System helps improve ROI by fostering productivity with reduced travel time for each transaction and improved route management.
With our vehicle tracking system, you can constantly identify whether your drivers are on their jobs or are just idling, keeping this in mind drivers will be encouraged to do more work that means more work done in a small amount of time with fewer labour expenses the end result being a drastic increase in ROI.
4. Increases Customer Satisfaction
You can improve the quality of your service using our Vehicle Tracking System. Improved Customer satisfaction comes with better quality customer service. You will get more ROT if a customer is satisfied with your service, if so they will recommend your service to family and friends that means more customers which eventually means more ROI.
Technology will become a deciding factor for a more effective vehicle tracking system for the coming years. From pure satellites to mobile apps GPS vehicle tracking devices will resolve lack of connectivity, mobility and flexibility and implement a free-flowing, successful and future proof fleet.
Want to accomplish what you saw, please contact us today to get a demonstration of our application and get front row seats for better ROI for your organization.