Return On Investment (ROI)
Geo&Logic GIS Solutions LLC
Vehicle Tracking can save you money in many areas.
This worksheet will
focus on only the most obvious and easily quantifiable of these potential
savings to help you develop a conservative
estimate of the Return-On-Investment your company could expect with the use of
our system.
|
Potential Savings
Breakdown
Fuel Costs -
Cut fuel usage through better
routing, reduced idling and more efficient dispatch.
Payroll Savings -
Reduce overall payroll hours for field personnel and cut down on unnecessary overtime.
Lower communication bills -
No more calls to determine field employee location.
Lower Insurance Rates -
Immediate savings in vehicle comprehensive insurance costs reduced corporate liability.
Operational Savings -
Improve dispatch
efficiency, reduce billing discounts & unnecessary redo's caused by customer
complaints.
|
Vehicle Cost Reductions -
reducing idling and improving maintenance
oversight
Save on costly fuel and vehicle
insurance
Expenses
Reduce Cut fuel usage through better routing, reduced idling
and more efficient dispatch.
Calculation based on 10 Vehicles and average
working days in a month are 22.
Fuel Saving
|
Total Number of Vehicles
|
10
|
|
Vehicle Operation Cost, Per Kilometer
(Including Fuel)
|
0.90
|
|
Kilometers saved Per Vehicle/Per Day
|
15
|
Total Yearly Vehicle Operation Savings 15 X
0.90 X 22 X 12
(Kilometer Saved X Cost/KM X Working days X
Months).
|
3,564
|
Insurance Saving
|
Comprehensive Vehicle Insurance Costs, Per
Vehicle/Per Year
|
1800
|
|
Comprehensive Insurance Discount for using
Geo&Logic GIS Solutions LLC
|
10%
|
|
Total Yearly Vehicle Comprehensive Insurance
Savings
|
1800
|
|
Total Fuel / Insurance Saving per Year (Fuel + Insurance Saving)
|
5,364
|
Reduce your Yearly cellular phone
bill, save time and increase efficiency
No more calls to determine field employee location, Just
log-In to your Geo&Logic GIS Solutions LLC account and see the location and information of
vehicle live.
COMMUNICATION COST
SAVINGS
|
Average Daily calls Related To Location Of
Vehicle |
4 |
|
Communication Cost Per Minute |
0.30 |
|
Monthly Communication Savings Per Vehicle |
26 |
Total Yearly Communication Savings
(Monthly calls X No. of Vehicle X No. Of Months) |
3120 |
Reduce overall payroll hours for
field personnel and cut down on unnecessaryovertime.
Payroll costs can be dramatically reduced by planning route to avoid overtime payments and
fuel intake
PAYROLL SAVINGS
|
Average Hourly Wage - Field Employee (Per
HourCorporate) |
20 |
|
Average over-time |
2 hours |
|
Average over-time payment per day (Number of Hours X Per hour wage) |
40 |
|
Total cost of over time on 10 vehicles per
day |
400 |
|
Yearly Saving for over time |
10,560 |
More savings thru monitoring of
over speeding and timely maintenance
Save on vehicle maintenance and replacement by reducing
idling and improving maintenance oversight.
OPERATIONAL SAVING
|
Average Maintenance & Repair Cost Per year
|
3,600
|
|
Reduction Of Maintenance & Repair Due To Monitoring of Over speeding And mis-use
Of The Vehicle
|
20%
|
|
Total Annual Reduction of Cost
|
7,200
|
TOTAL SAVINGS
|
Fuel Savings
|
3,564
|
|
Insurance Savings
|
5,364
|
|
Communication Cost Savings
|
3120
|
|
Payroll Savings
|
10,560
|
|
Operational savings
|
7,200
|
|
Total Savings
|
29,808
|
This ROI results is a business tool designed to help your company identify
potential savings areas for your mobile workforce. Payback results are achieve
analysis of business intelligence provided by our vehicle tracking system and
the resulting behavior modification leading to savings. Geo&Logic GIS Solutions LLC reports and feature
rich, industry specific design offer you an excellent way to put your comp
where they belong...back into your pockets.