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How to Get a Quick ROI from FieldLogix
Learn about the 4 areas in which you can save money right away
While there are several areas in which a Field Resource Management system might save you money and improve operations. While there are close to 20 overall benefits to using our technology, there are 4 primary benefits that will save you money right away. This guide is meant to assist you in focusing on the primary benefits to get the quickest ROI from FieldLogix.
Reduce Fuel Costs
Fuel prices are constantly fluctuating and are nearly impossible to budget for. This frustrates countless managers who have a significant line item on their P&L that can change dramatically on a daily basis. While you can’t control the fuel prices, you can control how the drivers operate the vehicles. Wasteful driving habits can be curbed to reduce fuel consumption and save you up to 13.2%. The two most wasteful habits are idling and speeding. Idling alone is known to waste 1 gallon of fuel for each hour spent idling. In addition, every mile per hour travelled above 55 MPH reduces a vehicle’s fuel economy by 1.5%. If you want to quickly reduce fuel consumption with FieldLogix, monitor the Excessive Fuel report. This report highlights your worst performers and best performers when it comes to idling and speeding. It even calculates estimated fuel costs due to these poor habits. You can also monitor the trends report to view your improvement in reducing speeding and idling every day after you deploy the system.
Source – Motorola telematics study 2008
Source – Motorola telematics study 2008
Reduce Labor Costs
One of the other areas in which an organization can quickly see a ROI from FieldLogix in is the reduction of labor costs. Some drivers that don’t have much accountability can abuse the lack of oversight that they have while in the field. This can lead to excessive overtime costs, late shift start times, excessive lunch times, and drivers ending their shifts early. Fleets that adopt our technology typically save $5,484 per driver per year. Within FieldLogix, the start / end report could be used to monitor the times that the drivers’ shifts started and ended. We also offer a shift violation alert that could notify management when drivers start their shifts late or end them early. The stop details report could be monitored to ensure that the drivers arrive at their designated job sites when they are supposed to be there.
Source – Motorola telematics study 2008
Increase Revenue
Studies show that fleets complete 25% more work orders when using our technology. Unproductive drivers and time in traffic are two of the biggest reasons why drivers underperform. The drivers could be servicing customers when they are stuck in traffic or not working a full shift. Our route optimization and dispatching features can be used to minimize time in traffic. By monitoring the stop details reports and setting up shift violation alerts, managers can also ensure that drivers are working a full day and not heading home when there are more customers to be served. Using these features will ensure a quick ROI from FieldLogix in the form of increased revenue.
Source – The Aberdeen Group 2012
Source – The Aberdeen Group 2012
Reduce Insurance Premiums
Commercial vehicle insurance is constantly increasing for everyone. For fleets that experience accidents, insurance premiums typically increase dramatically upon renewal. Our driver scorecard can be used to monitor unsafe driving habits such as aggressive driving, speeding, and posted speed limit violations. Many commercial insurers will take this into account when re-pricing their premiums, and in some cases may provide fleets with a discount. Some insurance companies provide discounts of up to 18% to organizations using telematics systems.
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