Businesses are saving thousands of dollars per month with GPS vehicle tracking devices.
“Businesses have reported a reduction in fuel usage as the biggest advantage of GPS tracking,” said Brad Borst, Founder and President of RMT. Monitoring and reducing speeds, routes, and idle time are just a few things that fleet owners can do to lower the fuel bill. Each mile per hour above 50 MPH increases fuel consumption by 1 ½ percent. Higher speeds also cause more tire heat, which puts more wear on tires. Wear on tires will almost double at road speeds of 70 MPH or greater. RMT’s GPS tracking systems report all vehicle activity and immediately alerts fleet managers by cell phone and email of speeding and unauthorized use of company vehicles.
Business owners are most concerned with fuel & maintenance, employee overtime, and employee productivity. New GPS technology significantly reducing excess costs for businesses:
1. Fuel & Maintenance – The average operating cost per vehicle is about $1.50 per mile. A company can reduce at least 25 miles per week for each vehicle with a GPS tracking device.
2. Employee Overtime – The employee overtime rate is estimated at about $30 per hour. On average, a company can reduce at least 1 hour of overtime per week with a GPS fleet tracking system.
3. Employee Productivity – On average, each vehicle could complete at lease 1 extra stop, job, or delivery per week with a live GPS tracking unit.
For an average size fleet of 10 vehicles, this means an estimated monthly savings of over $6000 with RMT’s GPS tracking solution.
A new Mileage (odometer) tracking feature for the Discovery LITE GPS fleet tracking system. The mileage tracking will allow fleet managers to observe vehicle performance and maintenance from the convenience of their computer. RMT expects to offer the mileage tracking to its thousands of customers by the end of the month.
By: Brad Borst
Posts Tagged ‘Employee Productivity’
GPS Tracking is Saving Businesses Money
March 15th, 2010Using GPS Tracking Devices to Monitor Employees
February 5th, 2010
GPS vehicle tracking systems can go a long way toward helping business owners manage vehicle use and employee productivity.
Your operations will be much more efficient if you employ GPS technology. Being able to have a route mapped out will allow employees to get work done much faster. It is highly likely that each one of your company vehicles could make at least one more stop, job, or delivery each week. If you have several vehicles, do the math. More deliveries means more satisfied customers and more business. For companies that are growing and have felt a little strain in getting things out to customers, a GPS tracking device can help. Your employees will be able to get more done in less time. You will be able to handle a recent surge in business and feel confident in seeking even more business.
A GPS tracking device also monitors vehicle speed and usage. Certainly you have taken the time to hire trustworthy individuals, but no one is perfect. For example, speeding can raise fuel costs. A well-meaning employee who speeds out of habit probably doesn’t think about what this costs the company. A GPS tracking device tracks speeds so managers can be alerted to speeding. This way, they can talk to the employee and let this person know that they need to stick to the speed limit to keep costs down.
You can set up alerts on the software that accompanies a GPS tracking device to inform managers of infractions that you feel need to be addressed. That could be speeding, idling, or traveling beyond certain boundaries. Some employees cannot handle the temptation to make a side trip here or there in a company car. Managers can be made aware of this and take appropriate action as necessary. Again, the employee is probably not thinking about the costs in fuel or added wear and tear on the company vehicle, but as a business owner, you must think about these things.
By: Nancy McCord
