Fleet GPS systems can cut costs in a wide variety of ways, and being innovative and proactive with the data can improve the efficiency and effectiveness of your business in surprising ways. For instance, in addition to measuring quantity of fuel use, creative metrics can effectively measure the quality of fuel use, and allow you to make strategic decisions about fleet routes and priorities.
To accomplish this, begin by measuring each of your customers (or each segment of your customer base) by profitability. Then use data available through your GPS fleet tracking system to determine how many fleet miles are required to service that customer, plus how much time your vehicles sit idle per visit.
By dividing your profitability per customer or segment by the total fleet cost devoted to servicing that customer, you can determine the overall quality of each customer stop. The results, which are often surprising, can be used to make more intelligent decisions about fleet use:
- Eliminate customers whose cost to service is higher than their profitability
- Streamline service to customers whose quality is low but acceptable
- Focus sales and development efforts on high quality customers
Contact an experienced GPS fleet tracking expert to learn more and find out which GPS fleet options are best for your company.
