ROI Vs COI: How Do Vehicle Trackers Influence The System?
It’s a challenge for fleet managers to stay updated with the advanced technology that improves an organization’s profitability. They have the pressure to achieve business goals while remembering the cost fluctuations, time constraints, availability of employees, and business interests. It implies that you’ll have to implement adequate strategies to achieve the desired fleet management proficiency. And, for that, installing GPS systems like Robi vehicle tracker is essential. This article aims to discuss two common yet critical concepts concerning vehicle tracking- Return on Investment (ROI) Cost of Ignoring (COI) This guide is helpful for those who want to effectively manage their fleets. ROI vs COI ROI is a performance metric that evaluates the effectiveness of your investment. While on the other hand, COI or Cost of Ignoring implies the amount of savings lost when the fleet managers fail to make a strategic investment. For vehicle tracking, ROI and COI share the same objec...