If your company owns or operates more than two vehicles, then you have a fleet and there is a significant need for you to maximize their value while keeping costs to a minimum. Subsequently, this requires you to track your fleet, which stipulates more than just knowing where the drivers, as well as the vehicles, are at a particular time. Fleet management is an intricate part of making profits or increasing for any organization as it deals with vehicle procurement, tracking, maintenance, disposal (timely sale). Additionally, feet managements monitors as well as controls logistic operations, functions, compliance in addition to regulatory requirements. With the help of modern GPS, tracking fleet management is turning out to be a significate cost-cutting tool in a number of private entities as stated below.
- As earlier highlighted fleet management involves a number of logistic and tracking functions. This consequently reduces any misappropriation such as driver laxity, vehicle damage, time wastage as well as other factors that may unnecessarily increase costs through fines, repair as well as health and safety.
- A decade ago when digital satellite services required technical assistance, fleet management used to be an expensive venture. However, today’s fleet management systems are cheap to buy as well as easy to operate subsequently reducing operational, transportation and workforce costs. This increases fiscal advantages in having them as the returns supersede the costs, unlike before.
- Early tracking technologies were all based on pinpointing where a transportation asset was located. Current tracking software allows more coverage in knowing the location, estimated time of arrival, vehicle diagnostics, as well as driver status. This allows easier administration of dispatches as well as routing increasing company efficiency.