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. 

robi vehicle tracker

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 objectives that maximise the profitability margin. The ROI focuses on increasing the revenue by identifying the accurate time to invest money in business.

And COI focuses on savings and reducing the ultimate operating cost. The savings gets easier to determine with the help of vehicle management system reports and driver’s duty algorithms.

Identifying Key Cost-saving Opportunities With Robi Vehicle Tracker

  • Safety

You can install reliable GPS systems like Robi vehicle tracker to monitor the driver’s behavior. The experts say that GPS trackers are helpful for “Real-time audible alerts and feedback provided by advanced in-cab driver tools help drastically reduce on-duty accidents.”

  • Fuel

To reduce the fleet operational cost, managing the fuel expenses is necessary. Therefore, the installation of vehicle trackers can help you manage the fuel costs along with the inconsistency in the driver’s behavior.

  • Maintenance

To keep your vehicle running for a longer time, it’s essential to maintain it properly. Telematics technology helps reduce repair costs up to 14 per cent.

Hire the Experts

Easytrax LTD is your ultimate destination if you want to buy quality GPS systems like Robi vehicle tracker. The company is reliable, and you can visit easytrax.com.bd today!


Location: Bangladesh

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