Building The Business Case For Wireless Mobile Data Collection Systems: ROI For The Private Fleet Industry
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The specific business points outlined in this white paper is a general overview of where such savings and efficiencies will come from when a Wireless Automated Data Collection System is implemented. Customers must calculate, based upon internal figures known only to that customer, what the actual dollar saving would be from each business point. From this method a business can calculate the overall ROI on the system and the payback time needed to achieve profitability from the system. Experience with similar operations would suggest that this payback should come within one year from the time the system is implemented. If business is increased during this time, the efficiencies achieved and subsequent margins experienced will significantly decrease the payback timeframe.
When choosing a vender one must demand that speed of deployment is at the forefront of the venders past performance. Lengthy deployments that drag out due to inexperience or lack of software and communications systems performance will destroy the business case and drag on the ROI of the project. Ultimately, if the project takes too long, the hardware, software and systems infrastructure will become obsolete and flexibility to take advantage of new technologies and lower costs will be limited.