eLetter Sign UpVehicle Telematics Cost/Benefit Analysis
This sample cost/benefit analysis illustrates how annual cost savings, productivity enhancements and fleet utilization can be increased using the FleetPulse Wireless Fleet Management System. The numbers below are based on assumptions regarding fleet and business parameters. These characteristics may differ from your particular fleet situation. To obtain a free, customized cost/benefit analysis for your organization, please contact us at info@netistix.com or 613-599-5443.
| Cost Savings Achieved with FleetPulse® | Savings per Year ($) |
| Fuel Savings from
Reduced Idling 30 minutes of discretionary idling can be reduced from an 8-hour driving day. Additional benefits: Longer engine life, fewer oil changes and better fuel economy. Assumptions: 3.8L (or 1 Gallon) of fuel is typically consumed per
hour for an idling light to medium duty vehicle. This rate is affected by
many factors such as environment, vehicle options running, etc. | $288,990 |
Fuel Savings from Improved Driving
Behavior and Vehicle Fitness Reducing speeding
occurrences, aggressive braking and acceleration while improving overall vehicle
fitness lowers fuel costs. Additional
benefits: Less wear on brakes, tires, engine and transmission, and improved
public image and driver safety. Assumptions: 4% average savings in fuel. Calculations assume 10L/100Km
(23 MPG), 100Km/day (60 miles), 90¢/L ($3/gallon). | $60,840 |
Reduced Fuel Cost with Less Fuel Theft Automatic and accurate tracking of vehicle fuel consumption coupled with billing record monitoring reduces abuse of fuel theft or slippage. Assumptions: Calculation assumes a 3% reduction in fuel through decreased theft and 10L/100Km, 100Km/day, 90¢/L. | $45,630 |
Fuel Usage Credit for PTO Usage Some governments give credit for fuel consumption while operating a vehicle-powered PTO. Convenient tracking of these events allow easy and timely applications. Assumptions:Credit of 14.7¢/litre (55¢/gallon) was used. Idle
fuel rate of 3.8 litres/hour (1 gallon/hr). 20 hours/week with PTO engaged. | $348,566 |
Reduced Number of Road Accidents Accurate
vehicle and driver data in conjunction with driver training programs can result
in a substantial reduction of road accidents. Additional benefits: Reduced insurance premiums and driver costs,
decreased delays associated with transferring from one vehicle to another, reduced
equipment repair costs and improved customer service. | Lowered accident-related costs by significant % |
Better Understanding of Total Cost of Ownership With
accurate vehicle information, more intelligent decisions regarding disposal
and utilization across the fleet can be made. Additional benefits: Longer fleet life, better customer service
and budget planning and peace of mind from a more reliable fleet. | Optimized |
Reduced Green House Gas (GHG) and Other Air Pollutants Reducing
unnecessary idling and other detrimental driving behaviors will also reduce
air pollutants such as CO2. Each litre (or gallon) of fuel consumed produces
2.4 kg (or 20 lbs) of CO2. Many commercial and government organizations have
Clean Air programs that are difficult to monitor. FleetPulse allows easy
monitoring of reduced idling by vehicle or driver. | Reduced |
Increased Vehicle Utilization and Availability Accurate fleet maintenance helps eliminate unnecessary down time, resulting in improved vehicle availability and usage. This helps to right size the fleet and reduce the total number of vehicles. Assumptions: Calculation assumes an increase of 1% in equipment
availability. This translates into seven additional vehicles available for new
business or a reduction of capital and operating costs for seven vehicles
within the fleet. | $39,000 |
Accurate Warranty Tracking Combining accurate mileage and engine hour reporting with remote diagnostics allows for more accurate warranty tracking. Accurate warranty tracking reduces unnecessary purchases. Assumptions:Calculation assumes one slip is caused by bad vehicle data each year. Annual savings/vehicle: $50/year. | $3,250 |
| | |
Annual Savings per Vehicle: | $2,479 |
| Annual Savings per Fleet (based on 650 vehicles): | $1,611,296 |
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