Increasing Revenue in a Competitive Marketplace
Service businesses, no matter what industry, often face challenges trying to maintain day-to-day operations while also growing their business and increasing service revenue. You may need new supplies for your vehicles, dealing with employee issues or just finding ways to differentiate your business in a crowded marketplace. Beyond your daily operations, you’re also trying to win new business and may be competing against larger organizations that have more time, money and resources.
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.
Managing your fleet efficiently is critical to the success of your business. Can you provide accurate ETAs to your customers or do you give them a vague service window? Are you aware of any unauthorized vehicle use after hours or on the weekends? If all of your processes are manual, it’s virtually impossible to know the answers to these questions and others that can affect your expenses and profits. What you don’t know, you can’t measure.
If you are a small to medium-sized business, there is a way to level the playing field. GPS fleet tracking technology can help you pinpoint areas of your fleet operations so you can improve overall fleet productivity while decreasing your overhead costs. This will directly increase your bottom line. Before we look at how fleet tracking technology can optimize your fleet operations, let’s look at what is causing more and more service companies to purchase a GPS vehicle tracking solution.
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.