Can GPS Software Increase Your Company's Profits?

Can GPS Software Increase Your Company's Profits

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GPS software could help increase your company's profitability. A designer's project planning document will help you see the costs and potential profits before the system is installed.

At one time, the global positioning system was used primarily by the US government. Currently, anyone with a receiver can use the system for map-making, surveying or navigating.

Navigation is the most common use in the civilian world. It is the area in which the greatest increase in profits may be seen.

In the transportation industry, profits are increased by getting goods or individuals from one location to another in the least amount of time without breaking any speed limits. Being able to find an alternate route in case of a road closure could prevent late deliveries or spoilage of fresh produce.

Car rental agencies are realizing increased profits and fewer losses through the use of geo-fencing, a vehicle tracking system that allows them to locate their vehicles. The signal sent out by the receiver can be accessed through the internet or over a mobile phone.

Increased profits are sometimes due to the ability to offer additional services or products to customers. For example, geo-fencing can be used to locate a lost pet. Veterinarians and pet supply stores are selling special receiver-equipped collars. The owners make use of existing GPS software applications to find their lost pets and get them home.

During the project planning stage, you will decide which applications your company can use. Your system designer may be able to offer suggestions at this stage.

For each application, a feasibility study may be necessary. Is this really something that your company can do? How long will it take for the increased profits to pay for the costs of installing the system? What about reduced losses?

In many cases, the project planning document reveals that reduced losses result in the increased profits. Theft could be an issue for your company. Depending on the value of the items being stolen, preventing a single theft could be enough to pay for installing and implementing the GPS software and the receivers.

The receivers are the hardware items. The cost to purchase and install them is something that should be included in a detailed project planning document. Although receivers are not expensive items, they could make up a significant part of the total cost if your company has numerous vehicles.

How much you will need to invest in customized GPS software and hardware depends on your business. Thoughtful planning and a good designer will help to ensure that your investment pays off.

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