- Category: Fleet Tracker
Companies Use Fleet Management ROI Calculators
Analyzing The Cost Savings Of A GPS Tracker
Businesses are more aware now than ever before of the high costs associated with overhead. With many businesses struggling to extend or sustain growth in the midst of the recession, analyzing internal wasteful expenses has been a priority for companies looking to reach the pinnacle of their industry. However, accurately estimating and analyzing some of the wasteful expenses that plague many businesses can sometimes be difficult. Thankfully, many reputable GPS tracking companies are now offering free ROI calculators that make discovering the cost savings associated with GPS trackers simple for any business.
How ROI calculators designed to show the cost savings associated with GPS tracking devices work is they provide information on payroll savings and fuel savings. Using the payroll savings calculator is simple process. All a business needs to do is enter the number of employees, the average hourly wage of the employee(s) and the estimated amount of time lost per day from moonlighting or slacking. Time can be entered in the form of minutes, hours or days. The calculator will then process the information entered and show how much money a business is throwing away every day, week, month or year because of lack of productivity.
The fuel savings portion of the ROI calculator is another tool that can help businesses understand how GPS tracking devices can help reduce company losses associated with fuel consumption. All a business needs to do is enter the number of drivers they have, trips taken by drivers per day, additional unnecessary miles driven per day, $ per gallon of gasoline and the average miles per gallon the vehicle driven receives. The fuel savings ROI calculator will then process the information entered and provide the business with how much the total losses associated with fuel costs every day, week, month or year. "Every company we work with is shocked once they discover how much actual revenue they are losing for poor route management, excessive fuel consumption and poor driving behaviors", explained a fleet tracker specialist for the GPS Tracker Shop. "GPS monitoring devices offer businesses a tool to measure and analyze those potential cost-wasting behaviors, and ROI calculators are a good place to start before an actual investment into hardware to understand roughly what the dollar amount is according to each user's particular industry."
GPS trackers, whether they are data loggers or real-time GPS vehicle trackers, can reduce company losses and thereby increase company profit. Understanding how GPS tracking technology can assist a company, and learning much money a business loses everyday, week, month or year is free with the help of ROI calculators. ROI calculators are offered at no cost by any reputable GPS tracking company, allowing businesses all across the globe to access the cost saving analysis 24/7.