All things fleet tracking – industry news and best practices
Reducing Overhead Costs with GPS Fleet Tracking
Posted on 03/29/2012 by Ashley Jones | 0 Comments
For many service businesses, it's hard to reduce overhead costs such as payroll, fuel, maintenance and insurance when you are trying to operate a productive fleet. Your vehicles are at the heart of your operations. If one vehicle is out of commission, it affects the amount of jobs your business can complete in a day, ultimately affecting your service revenue.
Two overhead costs that are unique to businesses with a fleet of commercial vehicles are insurance premiums and maintenance costs. Let’s take your insurance premiums as an example. Your vehicles are the most valuable assets to your business. If you're not insured, you are out of commission...literally. Once your drivers leave for the day, you are putting your faith in them that they follow all traffic laws and avoid speeding and aggressive driving that can lead to costly tickets, accidents or lawsuits.
The cost of your insurance premiums can be lowered by implementing a GPS fleet tracking solution. Think about it: if you know where your vehicles are at all times and how fast they are driving and what they are doing, you are going to be a much safer bet for an insurance company. An added benefit? If for some reason your vehicle or assets on the vehicle are stolen, you can tell the insurance company or police exactly where the vehicle is by pulling up the location in your GPS fleet tracking solution.