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Untapped Fleet Cost Savings

Untapped Fleet Cost Savings

FleetLogik offers qualified fleet’s the opportunity to pilot GPS Tracking for 90 days at no charge

Author: FleetLogik/Friday, December 30, 2016/Categories: Featured, Products and Services

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Piloting a fleet tracking solution allows companies to verify the business case before investing.  Many companies have turned to GPS Fleet Tracking and Telematics to improve operating costs, efficiency and safety. Yet in a recent industry survey company executives were asked why they have not implemented a GPS tracking solution for their fleet operations. The top reasons identified were lack of budget, the need to do more research, or lack of confidence in the benefits.  

There is  a ton of data and countless reports highlighting the benefits of GPS Tracking in fleets of all sizes and types.  The truth is every business is different and how a business operates it fleet varies as well.    

FleetLogik is different.  “We are a fleet management company that has integrated products and solutions to support our clients” explains Greg Miller, President of FleetLogik.  “We have worked with many fleets over the years and have learned that while there are commonalities among fleet operators, solutions need to be tailored to the specific challenges or opportunities of each Company.  For an example, fleet tracking can help report mileage and schedule maintenance, but if the Company fails to follow through with completing quality services there is no benefit".  

Fleet Budget

Fleet Tracking and telematics should be viewed as an investment with measurable returns.  It is not, however a silver bullet.  Fleet Tracking is a simply a data collection and reporting tool that, when used properly provides the Company with actionable insights.  Benefits are generally grouped into 5 key areas: 

Improving safe driver behaviors
Improving fleet utilization
Reducing unnecessary miles and idle time
Improved fleet maintenance   
Improved Customer Service or Response

The actual ROI will vary depending upon individual circumstances, but from our experience a well implemented program will show a return on investment within three to six months.  

Identifying Opportunity 

It is important to set the proper expectations before implementing a GPS tracking solution. Start with identifying the top three business challenges. If staying current with scheduled maintenance is an obstacle for your fleet, scheduled maintenance reminders can help. If accident frequency is the top issue, focusing on driver behavior scores will be a priority.  Align solutions with the challenges.  There are many other factors you may need based on your industry, fleet size, and location. By understanding different GPS tracking features and benefits, you can tailor the pilot to focus on what you need the most and measure the results accordingly.  

Know Your Fleet

In a recent panel discussion executives were asked if they knew the utilization of their fleet, spare ratios, cost of their fleet’s excessive idling, how often their drivers exceeded the posted speed limit, how many unnecessary miles their vehicles drive in a day and which of their drivers are the safest. An overwhelming 94% of the participants answered “NO” to these questions, suggesting there is huge gap in fleet management intelligence.  These respondents and the vast majority of fleets would benefit from GPS tracking in these areas alone. Along with these metrics, GPS tracking has been proven to help fleets improve productivity, efficiency, customer service, and customer confidence.  

Although there are still Companies that have not implemented GPS tracking, the business case to act is growing every day. The best way to see if and where your fleet will benefit is to pilot the technology first hand with a company that knows fleet management.  

Call or Click for more information or to schedule a consultation.


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