Delivering Significant Savings
 The cost of running a commercial vehicle and the associated
costs of the driver can be huge, with this in mind reducing any personal
or unnecessary
mileage by a couple of miles per day, or managing to fit in an extra
job each week will deliver significant benefits to your customers.
It is possible to quantify the potential savings available to customers
who install vehicle tracking, the following figures have been verified
by the Cranfield Centre for Logistics:
* A company that installed 10 units saved £41,935 in 1 year directly
attributable to their vehicle tracking system.
* Another organisation that installed 14 units saved £51,819 in 1 year
directly attributable to their vehicle tracking system.
A Worked Example
Take the example of fraudulent overtime, based on a driver claiming 3
hours of ‘un-worked’ overtime per week the following savings
are possible:
- Estimated driver hourly rate is £16.00 per hour
- £16.00 x 3 un-worked hours equals £48.00 per week fraudulent overtime claims
- This is equal to £208.00 per month or £2496.00 per annum
- Monthly cost of fore track vehicle tracking system is £30.00 (based on 5 year lease)
- Monthly saving of £178.00
Annual saving of £2136.00 |
