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We view a lot of new products as fads because they become part of the national conversation today and disappear… Read more »
GPS fleet management systems are designed with one primary goal: to save business managers time and money. There many benefits to using a fleet GPS management system. Here is a list of the top 10 reasons.
1. Increased Profits and Performance
Access to vehicle efficiency and driver productivity data helps a company manage the costs related to fleet operations. There can be a significant reduction in employee overtime costs and driver down-time; reduced maintenance costs directly affect the bottom line. Plus improved route efficiency and fleet metrics allow for expanding customer base. GPS truck tracking saves approximately $5,484 per employee annually.
2. Improved Fleet Operations
GPS tracking systems enable real-time decision making plus enhanced accountability of drivers and assets. Fleet managers will no longer have to rely on driver log sheets, service forms and truck maintenance records to keep track of fleet vehicle operations. Instant access to vehicle efficiency and driver productivity data can help a company better manage the costs related to fleet operations. GPS vehicle tracking allows companies to add more jobs to each work day. Companies typically see a 25% increase in work orders completed after implementing a GPS tracking device.
3. Reduced Fuel Costs and CO2 Emissions
Poor driving behavior such as speeding and unnecessary idling wastes fuel and can be identified with a GPS fleet tracking system. Fleet vehicles can use up to 800 gallons of fuel per year due to unnecessary idling alone, which costs approximately $2400 per vehicle per year. Every unnecessary mile you eliminate will reduce your carbon footprint and can make your entire fleet more productive and environmentally responsible.
Fleet managers are constantly trying to figure out ways to increase productivity while cutting costs. The global economic recession combined with rising fuel costs has made fleet management more challenging than ever. With fuel topping $3 a gallon or more in some regions, fleet operators are searching for ways to make their drivers more efficient, while also abiding by strict legal requirements that restrict vehicle idling and hours of service. Considering the current economic times, even a small decrease in costs can mean the difference between a profit or a loss for many fleet operators.
The challenges facing fleet managers are becoming increasingly difficult. A fleet tracking system that lowers operating costs can help many companies to not only survive but thrive in today’s tough economic climate. A fleet tracking system can provide a return on investment in approximately four to nine months, depending on your industry. Modern fleet tracking and management systems are making it possible for managers to reduce fuel consumption and vehicle emissions, while simultaneously improving safety and legal compliance, and optimizing vehicle and driver operations. A GPS tracking system helps dispatchers to route the nearest vehicle to a specific location, navigate the best route, and minimize maintenance costs. Fleet managers can also reduce truck driver overtime and administrative costs by automating fuel costs and tax reporting with electronic truck driver reports.
According to a recent research report published by IE Market Research (IEMR), the global market for GPS navigation and location based services will increase to $13.4 billion in 2014, a compound annual growth rate of 51.3%. In the USA and Canada, the GPS navigation and location based search market will increase to over $4.3 billion. The USA and Canada will represent nearly one-third (32.4%) of the world market share for GPS navigation and location based services spending over the next 5 years. The USA will still be one of the largest single markets for location based services in the world with a compound annual growth rate of 37.5% forecasted over the next five years. The full IEMR report (single-copy) costs $2,995.
The adoption of GPS in mobile handsets is largely being driven by smart phones. Given the proliferation of smartphones these figures are not all that surprising, despite moderate industry growth in the past. GPS-enabled smartphones such as the Apple iPhone and Google Android are playing a huge part in the GPS technology revolution that IEMR is forecasting. Google now includes free GPS navigation for its smartphones and Apple’s iPhone app store is filled with dozens of free and low-cost navigation applications. in 2009, more than 40 percent of all smartphone owners used their mobile devices to get turn-by-turn directions, according to data from Compete, an industry leading web analytics firm. For iPhone users, the figure is even higher at over 80 percent. After all, smart phones are, well, smart. It’s convenient to not only use your phone to take make calls, but also to send SMS text messages, take pictures, send emails on the go, search the web, listen to music, and yes, even to get turn-by-turn directions.
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