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In: Accounting

GPS benefits for electronic store

GPS benefits for electronic store

Solutions

Expert Solution

The ways Electronic store can benefit from GPS(Global positioning sysytem).

1) Lower cost for customers buying from the electronics shop : Best way to capture the market is to lower cost without affecting the value or quality etc. GPS helps you to efficiently manage your business by reducing the overhead costs and can make our product available to market at a price lower than our competitor.

2) Goodwill of the elecronics shop will increase: By using innovative technology like GPS tracking sends a good message to customers that your company can provide fast, accurate, delivery service with in a limited time.

3) Reduced diesel/Petrol cost to the Shop : They can monitor , how much fuel is consuming by each of the vehicle and compare the mileage with similar vehicles and can do value analysis to reduce costs.

4) Raise productivity : Employees will be thinking that they are being tracked , so that they will not be wasting time there by idle time will be reduced.

5) Easily identify vehicle if stolen : GPS tracking sysytem will help you identify the vehicle and proper authorities can recover fastly there by safeguarding the asset of the company.

6) Efficency and economy : Savings will be generated by using the company resources efficently, can provide real time information to the electronics shop , will allow you to see the movement of your assets and can ensure that business is running smoothly and economically.


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