Investing in a GPS fleet management system can be a great choice for many businesses. Check out the benefits of having GPS fleet management here!
Did you know that investing in a GPS fleet management software can improve productivity and save you money?
Studies show that a small business operating only five vehicles can save up to $75,000 per year with a fleet management system.
Another report by Frost and Sullivan has shown that investing in a GPS tracking system can reduce idle time by 20-30%.
With staggering statistics like these ones, it goes without saying why your transportation business needs a robust fleet management system. No matter the size of your business, fleet tracking can be a daunting task.
You’ll need to manage and know the exact location of each vehicle in your fleet, at all times. Otherwise, you will have to resort to guesswork, which may hurt your business because you have deadlines to beat and promises to keep.
Here are the 7 benefits of using a fleet management software.
1. Better Utilization of Resources
Resource optimization is one of the key fundamental principles that govern the success of any business.
Better use of resources can lead to a significant reduction in operational costs.
By investing in a robust management system for your fleet, you will be able to utilize resources in many ways.
For instance, investing in a robust GPS tracking system can help you to determine the best and shortest route for your vehicles.
This can help to significantly reduce fuel consumption. It can also help to reduce unnecessary idle time costs.
GPS tracking systems can also be useful for planning the refuel locations. Such systems allow managers to see the location of each vehicle in real time. This further helps drivers to avoid wasting fuel and time in traffic jams.
2. Improves Time Management
One of the key benefits of using a fleet management software is that it enables the drivers and administrators to better manage their time.
Better time management leads to increased productivity.
By leveraging the power of GPS tracking, drivers can receive traffic updates, which they can use to plan their routes efficiently. This way, they can even predict their departure or arrival time.
Also, an efficient fleet management system allows managers to guide their drivers to avoid the busy streets in real time basis. This comes in handy especially when there are surprises that may call for a change of route as communication can be done quickly from a central hub.
3. Reduce Insurance Costs
Insurance companies offer special discounts on vehicles that are equipped with GPS tracking systems.
By investing in a GPS tracking system for your fleet, you can save up to 35% on your insurance premiums. That could be significant saving if you multiply it across your fleet.
Many prominent insurance companies have embraced GPS tracking as a reliable option.
Having a GPS tracking system can help to prevent car theft as well as improve the chances of recovery from theft.
Also, fleet management systems encourage careful driving since drivers know they are being monitored. This not only helps to reduce incidences of accidents but also the costs of insurance.
4. Regular Updates on Maintenance
The good thing about GPS tracking systems is that they can be configured to send alerts when maintenance is due.
You can set up your tracking system to be sending you email or text notifications for any routine maintenance.
Whether it’s change of oil or engine check-up, your GPS fleet management software will keep you updated. Isn’t that great! No more calendar marking.
This way, fleet managers are able to know in advance when maintenance is due and plan accordingly. This can help to reduce the vehicle downtime as well as help to prolong the life of the vehicle.
5. Employee Satisfaction
The wellbeing of your workforce is just as important as the fleet of vehicles you own. When your employees are happy and satisfied, you can expect a spike in productivity.
Happiness inspires productivity. A recent study by economists at the University of Warwick found that happy employees are 12% more productive.
But how can a GPS fleet management system boost employee satisfaction?
By collecting and documenting all of the drivers’ information on the fleet management software, you’ll have detailed records of their work history, training schedules, medical records, and personal information.
This allows you to keep track of any necessary training that may be pending. It can also help you to set reminders for other pertinent matters important to the drivers such as health check-ups.
Also, the quick flow of information and planning efficiency make the drivers’ work less stressful. This is what they need to remain motivated.
6. Improved Customer Service
Quality customer service is the cornerstone of every business. Without it, you run the risk of losing your customers and tainting your brand’s image.
By equipping your vehicles with GPS fleet tracking systems, you can improve the quality of services offered. This is vital to developing lasting client relationships.
Through integrated tracking systems, customers can be able to track the location of their assets in real time. In addition to that, customers are able to get their assets safely and on time, thanks to the effective time planning of these systems.
On time delivery improves overall customer satisfaction, and this is what paves the path for long-term relationships.
7. Better Financial Management
Because a fleet management system gives you access to more data, it puts you in a better position to monitor and manage financial data.
Rather than having your employees maintain a handwritten log to track their mileage data, your GPS fleet management software can do it for you. This not only produces clean and reliable reports but also simplifies the work for your driver.
A fleet management software can also save you time since you won’t have to spend countless hours gathering financial data from the staff and drivers. You can have all this info with the click of a button.
Also, a GPS fleet management software can track and store important employee management data such as the clock-in and clock-out times. It can also store employees’ tax information.
Wrapping Up on the Benefits of a Fleet Management System
Whichever way you look at it, a GPS fleet management system is good for your business.
Having a robust system for fleet management benefits your business in all angles. This could range from time management to reduced costs and improved productivity.
So whether you want to boost customer satisfaction, increase safety, or simply achieve a competitive edge, a GPS fleet management system is the way to go.
We hope this article will help you to better manage your fleet and improve the productivity of your workforce.
