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The ROI of Extended Battery Life on GPS Trackers
The cost of constantly replacing batteries can add up very quickly. Learn how GPS trackers with extended batteries are saving companies time and money.
GPS tracking devices have become an essential tool in many industries, from logistics to fleet management, and even personal tracking. However, one of the challenges of using GPS trackers is the need to replace batteries frequently. For many businesses, this can add up to a significant cost in terms of time and money. Extended battery life can provide a significant return on investment (ROI) for businesses, as well as reduce the human costs of constantly replacing batteries.
First, let’s look at the ROI of extended battery life. GPS trackers are often used to track assets such as vehicles, powered equipment, or non-powered equipment. When these assets are in use, it is critical to know their location. If a GPS tracker’s battery dies, the asset’s location becomes unknown, which can lead to lost productivity and even lost revenue.
By using a GPS tracker with extended battery life, businesses can reduce the number of battery replacements required. This can lead to significant cost savings over time, both in terms of the cost of batteries themselves and the cost of labor to replace them. Additionally, extended battery life can reduce the risk of losing track of assets due to dead batteries, which can help businesses avoid costly downtime.
The human costs of constantly replacing batteries can also add up over time. Imagine a scenario where a business has 1,000 assets being tracked by GPS devices. If each device requires a battery replacement every two years, that means 500 battery replacements per year. Assuming it takes just 5 minutes to replace each battery, that’s 2,500 minutes of lost productivity per year. Over 10 years, that adds up to a staggering 25,000 minutes of lost productivity – or more than 416 hours! This doesn’t include time spent to retrieve to travel to assets in remote locations.
Extended battery life can reduce these human costs by reducing the number of battery replacements required. Instead of spending time replacing batteries, employees can focus on more important tasks, such as tracking assets, analyzing data, or communicating with customers.
In addition to the ROI and human costs, there are other benefits of using GPS trackers with extended battery life. For example, some devices may be able to operate for months or even years without needing a battery replacement, which can provide businesses with more accurate and reliable tracking data. Additionally, extended battery life can reduce the environmental impact of GPS trackers, as it reduces the number of batteries that need to be disposed of over time.
In conclusion, extended battery life can provide a significant ROI for businesses that use GPS trackers. By reducing the number of battery replacements required, businesses can save money and reduce the risk of lost productivity due to dead batteries. Additionally, extended battery life can reduce the human costs of constantly replacing batteries, freeing up employees to focus on more important tasks.
Geoforce’s GT line of tracking devices boasts a battery life of 8-10 years, because we believe nothing should be lost…including your time. Reach out to Geoforce and stop spending unnecessary time and resources on replacing your batteries.