Factors Influencing Electronic Logging Device Prices
The cost of upgrading to Electronic Logging Devices can be a concern if you still need to do so. According to a study conducted several years ago, prices have decreased since then, though they vary greatly. Hard-wired tablets resemble a common ELD hardware in the survey. However, as tablets and smartphones have become more popular, the Bring Your Device (BYOD) option has grown.
Here are a few factors to consider when determining the cost of your ELD:
● Hardware: You can use vehicle-installed BYOD or ELDs as hardware to store electronic logs for truckers. Some vendors can also come up with a volume discount, so if you have a large fleet, you may pay less per device. However, whatever option you select must comply with the ELD mandate.
● Installation: Installation cost can be significantly influenced by the ease of installation. Some vendors require you to use their professional installers, while others allow you to do it yourself. A device installation option that allows you to install the devices in minutes will give you more flexibility and lower your costs.
● Training: Some electronic logging devices are more complex than others and necessitate more training. Look for software that is simple to use and intuitive so that your drivers can start using it right away.
● Additional charges: Some vendors will charge you more for extra features. Look for a vendor who provides a comprehensive, simple solution to avoid any surprises.
Depending on the additional features available, carriers' return on investment in electronic logging devices for truckers can be substantial. In addition to compliance benefits, a well-rounded telematics ELD solution can save money by improving fleet productivity, fuel efficiency, and safety.
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