Fleet management is the primary reason for installing a GPS system, but there are many added-value benefits. While you are tempted to utilize this modern technology for your fleet business, it is essential to evaluate your requirements and then choose the most appropriate system.
Let’s make an effort to determine your requirements and find a solution accordingly.
Size of Your Fleet
There is no such thing as too few vehicles or too many vehicles to benefit from GPS. Whether you have one vehicle or one hundred thousand vehicles, everyone benefits. The number of vehicles in your fleet can help you choose the appropriate GPS fleet tracking system. While a group of 3-4 vehicles can be easily managed by a simple location-tracking system, you need a sophisticated arrangement for larger fleets.
Future Growth Evaluation
Do you expect to add more vehicles to the existing fleet in the future? Then, be wise and go for a high-level fleet GPS tracking system well in advance. You can save the cost of replacing a system by starting out with a device that meets your needs and the growth of your business.
Encompass All Cost Factors
- Consider the interest rates, if you are borrowing a bank loan for purchasing GPS fleet management system.
- Leasing can be a good option, as a monthly expenditure can be easily adjusted to the overall business costs. On the other hand, one-time investment in these equipments can also be a wise choice.
- How much will you need to spend for monthly monitoring fees? For this, take into account the number of pings and alerts you expect from each vehicle. Also, the cost for installation should be calculated.
- Above all, you need to evaluate the operational effects and the cost-saving benefits of installing GPS fleet tracking system. The good news is that insurance premiums are reduced. GPS vehicle tracking systems reduce accidents and traffic violations. As a result, discounted insurance rates are being offered by nearly all insurance companies.
A GPS tracking system is capable of introducing savings that will neutralize the burden of investment costs of this technology. The implementation of GPS vehicle tracking will provide you with an increased knowledge of managing employees and assets, and it will improve the efficiency of your overall business operations. To inquire about GPS for your fleet, call Rocky Mountain Tracking, Inc at 1-888-242-0500.