We’ll start with the simple answer to the question posed in the title: about $15-100 per truck depending on the software and the scale of the deployment—potentially plus implementation fees.
The more complex answer is that it depends on what you want out of your fleet management software (and, indeed, what fleet management software means for your business case) and what deployment and pricing models the vendor offers.
Even the fact that the lower bound on the estimate ($15) is about a sixth of the upper bound ($100) should tell you something about the market. “Fleet management software” can encompass anything from lightweight tracking systems that send data back from your ELD to your dispatchers to a full-blown logistics management system comparable to a TMS.
The question is: how do you figure out which type of fleet management software is best for your business, and how do you ensure that you’re making an investment that will actually pay dividends?
Like we said above, there’s a wide range of price points for fleet management software. At the lower end of the spectrum, there’s options on the order of $15 per month per truck—and then there are options that are much more expensive.
As you get into the pricier side of the spectrum, there will potentially be bundling options for larger numbers of trucks that will take down your overall cost per truck.
At the same time, your total cost may also be impacted by factors other than the number of trucks. It’s not uncommon to see pricing plans that only include a certain number of seats for back-office teams and require you upgrade if you want to add an additional route planner or dispatcher—even if you’re not adding additional trucks.
There are also task-based pricing models, where your account includes a certain number of actions, e.g. dispatching a truck, planning a route, etc. After the set number of tasks, you have to pay for additional ones. Not necessarily a position you want to put yourself in when you’re managing last mile deliveries.
Those numbers refer to recurring monthly costs, but there are other factors to consider when it comes to total cost of ownership for solutions like these:
When it comes to fleet management software costs, the real question isn’t how much you’re paying per month, but how quickly you can achieve a positive return on investment. Here are a few of the ways that fleet management software helps you do that, as well as some of the factors that impact how quickly and effectively your technology investment will yield results.
Even a fairly rudimentary fleet solution will enable you to track your trucks in real time, which in turn you can use to improve route performance—that means you save money on unplanned returns, driver overtime, fuel usage, and missed deliveries. If your solution has route optimization capabilities, this effect is amplified considerably, to the point where you should be able to shave 10% or more off your route costs.
In fact, the more effectively your fleet management software is able to empower your drivers to execute on routes effectively, the more money you can save by reducing item damage, redelivery attempts, and returns. This can come from increased connectivity between drivers and dispatchers via a connected mobile app, and it can also come from AI-powered capabilities like voice assistants for providing contextual intelligence at stops.
With the right fleet management software, your teams can save huge amounts of time and manual effort across a number of functional areas:
The upshot here is that the right software saves a huge amount of labor right off the bat, all while giving your team time back to work on more valuable or strategic work.
No matter what your fleet management software costs, you want to be sure that it’s going to be worth the money in terms of ROI.
This can obviously be tricky with any new software deployment—change management is infamously difficult—but there are definitely green flags to look for in terms of choosing a software solution that will be worth the money:
Finding the right fleet management software can be a daunting prospect—after all, the cost of fleet management software means that it’s usually a pretty serious investment.
At DispatchTrack, we’re here to help. Reach out to us today to learn more about how we can reduce fleet management costs and ultimately provide fleet operators a positive ROI.