Three Bottom Line Killers Your Company Can Avoid
Every Moment Your Fleet Doesn't Have A GPS Solution Is Costing You Money

It's only natural to find reasons to put off the purchase of a high-tech product or service—even if that solution might greatly improve your business operations.

But every moment you delay is costing you money.

Don't Throw Your Money Away
You know that you can't improve what you can't measure and each day that you don't measure your fleet's fuel consumption, service stop times, overtime and billing errors, etc. is a day that eats into your bottom line.

The cost of waiting to buy a tech-related solution has a huge price tag in wasted expenses and lost opportunity. Consider the following "bottom line" profit killers that were found when businesses uncovered asset and service waste by using a GPS solution from FleetBoss:

1. WASTED FUEL THAT BURNS UP PROFITS: A northeastern gas utility company discovered some serious financial waste due to excessive idling by its fleet. FleetBoss showed that one of the company's vehicles was averaging 1 hour per day of unnecessary idling. At $2.75 per gallon of gas, this one vehicle was wasting $13.75 per week, $59.00 per month and over $700 per year in needless fuel costs. Similar idling behavior by its total fleet of 150 vehicles meant that the company was losing nearly $106,000 each year in wasted fuel costs.
   COST OF WAITING: $8,859 in wasted fuel costs monthly; Over $106,000 wasted annually.
   
   
2. NEEDLESS OVERTIME AND PAYROLL EXPENSES: A building maintenance company discovered unnecessary payroll expenses of more than 65 hours per week as a result of night crews taking one-hour lunches and billing the company for it. Upon further review of the productivity report, the company also discovered unauthorized trips to and from home resulting in three hours of lost productivity per week.
   COST OF WAITING: $985 in payroll overpayments weekly; Nearly $50,000
   wasted annually.
   
   
3. PROFIT STEALING MOONLIGHTING AND UNAUTHORIZED USE: TCK Air Conditioning of Arizona's vehicle fleet realized immediate savings in fuel costs from reduced speeding/idling and the elimination of unauthorized use of vehicles after hours. Owner David McCall is averaging $300 - $500 per vehicle in bottom line savings a month as a result.
   COST OF WAITING: $4,500 monthly; Over $54,000 annually.
   

Improved productivity, operational efficiency and higher profits go hand-in-hand with a FleetBoss GPS solution.

Technology With A High ROI
Purchasing a FleetBoss fleet management system is an investment that has a quick and high rate of return. For instance, if your business put off investing in Certificates of Deposit (CDs), the cost of waiting can be best understood by a comparison of return:

• After one year, a CD earning 5% on a $10,000 investment yields $10,500 or $500 profit. After 10 years, the CD (5% fixed) yields $16,288.

After one year, a $10,000 FleetBoss investment for 10 vehicles typically yields:

1. 1 gallon of gasoline saved daily due to reduced idling, speed limit and reduction of side trips enforcement. 1 gallon x 5 days a week = 5 gallons x $ 2.73 per gallon = $13.65 per week per vehicle.
   
   
2. One additional weekly service stop gained due to improved routing and reduction of non-service stops = An average of $50 per week added to the bottom line..
   
   
3. One hour of overtime reduction per week due to greater efficiencies and productivity reduces the length of service stops. An average of $20 per week.
   
   

• Average Total Savings and Increased Revenue: $84.00 weekly/$336 monthly x 10 vehicles = $3,360 monthly or $40,320 annual ROI for a fleet of 10.

The conservative business investor might yield $500 after one year. In only one year, the typical Fleetboss investor can yield tens of thousands of dollars in additional bottom line savings and revenue for their company.

Despite concrete examples of huge returns on a technology purchase, many business owners still have problems overcoming their psychological objections to investing in technology. But owners who harness the power of today's high-tech economy make a GPS fleet management system a crucial part of their business operations. These businesses are reaping rich rewards. They understand that the cost of waiting may be the difference between a thriving business and a struggling one.

Contact FleetBoss to learn more.

© 2006 FleetBoss Global Positioning Solutions, Inc. All rights reserved.