Whether public or private, large or small, every fleet may use aid in controlling costs. This is exactly why more and more fleet operators are embracing telematics as a GPS Fleet Vehicle Location, Tracking and Mobile Resource Management Solutions fruitful solution for managing their fleets within limited budgets. When properly implemented, GPS vehicle tracking systems can generate very good results in several areas, including employee productivity, driver safety and more. However for most fleet managers, what really stands out is telematics'ability to simply help lower operational expenses.
For example, according to analyze from Frost & Sullivan LCV Telematics Market1, firms that implement a telematics solution can perform reductions in fuel costs by up to 20-25%. This research also shows that companies can reduce vehicle idle times by up to 20-30%, reduce total miles driven by up to 5-10%, and increase vehicle utilization by 15-20%. These performance improvements help managers control costs by producing efficiency and productivity gains through the fleet.
Depending on the goals, every company will achieve various sorts and levels of cost savings with an instant fleet management system. However, most can realize measurable results in these cost-containment areas.