How A GPS Solution Helps with A Company’s Bottom Line

Understanding the advantages of implementing a GPS solution into your fleet may not always be clear. The main thing businesses need to consider is the return on investment (ROI) a GPS solution will provide, to determine if the investment is worth it.

There are many ways GPS solutions helps validate your ROI. These include:

1. Fuel costs. With a GPS solution you’ll be able to determine which routes are most effective and plan your fleet schedule accordingly. This will save you money on the time and fuel that it takes to run your fleet. Idling or consistently stopping due to traffic jams leads to higher fuel costs and longer travel times, ultimately lowering your profits and potentially delaying shipments and/or jobs.
2. Operating costs. We consider the maintenance and health of your vehicles as part of your operating costs. With an implemented GPS solution, you become proactive about your fleet’s health. GPS solutions allow you to set maintenance schedules, so you never miss a check up. This will save you the additional time and money that you’ll need to invest if your vehicles break down.
3. Safety. When we talk about the safety GPS solutions have, we don’t just mean for your Driver. Dangerous Drivers can cost your business thousands sometimes even millions in repairs and liability costs. No one wants to spend extra money on something that could’ve been prevented. With a GPS solution, you’ll be able to tell when and which Drivers are speeding, not wearing a seatbelt, accelerating and braking rapidly, and much more. You become proactive by educating your Drivers, which reduces the risk of an accident occurring.
4. Employee Management & Customer Service. By having a GPS solution you can now manage your business more efficiently. GPS solutions give you real-time notifications of where your fleet is. Say one of your customers calls you to complain that your Driver was late with a delivery. You check your back-office portal and determine their location. You can now notify your customer where your Driver is and how far away they are. This allows you to have better control of your business and ensures your customers are never left ignored, ultimately increasing your customer service response. The more tools you have, the more likely you are to retain and obtain business.

For those of you that think there isn’t much benefit to having a GPS solution implemented in your business, think again! These 4 points outline how this solution can not only help you retain your customers but also how it will lead you to a higher return on investment.