GPS Solutions ROI Stats and Benefits
With the latest economic trends in mind, fleet managers worldwide are working hard to improve fleet efficiencies, reduce costs, increase asset productivity and improve customer service.
Use this calculator to estimate the return on investment for your own business.
A survey published by Motorola, Inc. found that nearly 50 percent of businesses using GPS fleet tracking technologies cite a reduction in travel distance by an average of 231.2 miles per week and $51,582 in yearly fuel savings.
The study also found that employees of businesses deploying GPS-enabled technologies saved approximately 54 minutes per day, with yearly labor savings of $5,484 per employee. Survey respondents also credited location-based services with improving the organization of employee routes.
Other findings of Motorola’s GPS fleet tracking survey:
- GPS fleet tracking technology enables mobile workers to spend less time in traffic or finding routes
- GPS fleet tracking increases the amount of time spent with customers
- Customer service cited as the #1 reason why businesses invest in new GPS technology
- GPS fleet tracking helps drivers locate new stops
- GPS fleet tracking streamlines the delivery process
- This follows closely on the Aberdeen Group Report which showed similar findings, including
- GPS reduces fuel cost by 13%
- GPS reduce overtime costs by 13%
Conclusion: To stay competitive and viable in these challenging times, implementing GPS Tracking into your business is imperative.