GPS Fleet Tracking System For Tremendous Financial Benefits

Posted by Noah Oliver on April 7th, 2019

A new GPS field tracking system helps you optimize your field operations and provides for a saving of around 20% on fuel cost, almost immediately after its purchase and first use. The fleet tracking technology improves the efficiency as well. The entire cost of the GPS tracking system and the investment that you make comes back to you in no more than 6 months in the form of higher revenues and cost savings. While the cost of investment is covered early on, the benefits (in the form of cost savings and increased revenues) keep flowing in, for as long as you use the GPS tracking technology. Here are some ways through which GPS and the GPS field tracking technology saves you cost/money and offers a number of financial benefits.

Lesser Fuel Costs- The GPS tracking technology and fleet management systemcan be used for improving any given route so that you can avoid the traffic congestion areas and also choose the shortest route. Because of round-the-clock monitoring, the drivers cannot use the vehicle for personal purposes, refrain from idling, and also do not speed (which may also cause fuel wastage and fines). All of this culminates in the saving of cost and money spent on fuel.

Locating The Assets- The use of the GPS tracking system ensures that you can locate the assets whenever they are, in almost no time. This provides for easy and fast recovery of stolen or lost vehicles. The telematic features and components of the GPS system may include the fuel level and engine temperature indicators, and vehicle diagnostics among others. Other aspects like overall health of the engine and vehicle can also be evaluated. You can use and analyze the information to properly use the vehicles and get them serviced in time.

Lesser Spending Towards Labour- Monitoring of the drivers provides for proper utilization of the manpower resource, and adverse and undesired activities like job card abuse are avoided. You do not need to hire excessively, can make full use of the human potential through constant monitoring and GPS technology, and save thousands of dollars.

More Productivity And Higher Revenues- The use of a GPS tracking system bring more efficiency to your operations, and a company can complete the orders swiftly and in time with the use the technology. Most companies witness an increase of at least 25% in their work orders once they start to use the new GPS technology and vehicle tracking system.

Rebate On Insurance Premium- You may get a waiver or rebate of up to 35% on the insurance premium when you use the GPS vehicle tracking technology. Insurance companies provide special benefits to businesses that use this new technology.

Ensuring Safety- A good GPS tracking and fleet management system provides for the safe use of the vehicles, as it makes the drivers more accountable. No personal use of the vehicle occurs because of the monitoring, and drivers also do not indulge in speeding and unsafe driving when they know that they are being monitored constantly.

The supervisors get much more control over the activities of the drivers and can also utilize the vehicles the best way by using the GPS technology. Drivers are found to take improper advantage of a situation and indulge in improper behaviour such as taking much too long lunch breaks, idling, not being where they are supposed to, sitting in the road traffic, and being often late for the job deliveries and other tasks. In these and other cases the supervisor can instantly communicate with the drivers and call for a behaviour improvement when he uses the GPS technology.

The GPS equipment and technology decrease the overtime, ensure that the order reaches to the customers and/or the desired parties in time, and can maintain the vehicle movement and other relevant and related electronic records in real time. The use of technology ensures that the customers are happy, which is good for the reputation and sustainability of your business. The technology is also available at a very affordable cost and has the best profit, ROI, and value-added deliverables for you.