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Financial Savings for Business Owners when Using Fleet Management

  • By Cesar Yepez

If your company owns a number of vehicles, you may want to consider using a fleet management system to keep them all accounted for. Fleet management is not only more convenient for companies who have a variety of vehicles, it can also result in huge savings.

As you know, owning a business is a large financial endeavor, and you’ll want to do what you can to save money in different ways. Using fleet management not only helps you save money, but it also makes your business more streamlined and easy to manage due to the different focus areas.

What is Fleet Management Exactly?

Before switching to a new management system, you must have a good idea of what it is. So, let’s get to the bottom of fleet management.

To put it simply, fleet management is the organization and control of a company’s vehicle fleet. This management system typically includes a number of functions that include all aspects of vehicle telematics as well as driver and fuel management. Managers who use fleet management are sure to get the following benefits:

– Improved Productivity

– Reduced Operation Costs

– Improved Vehicle Efficiency

– Higher Control on Vehicle Maintenance

– Improved Driver Behavior and Driver Accountability

How it Works and Where Do the Savings Come In?

Fleet management’s biggest plus is the vehicle-tracking component with GPS. When a GPS tracking device is installed for a company’s entire fleet, the manager is always updated on the vehicle’s speed, direction, and location. More advanced systems work to gather useful data about the vehicle or vehicles. This is done through the management system being connected to the vehicle’s onboard computer via the GPS tracking device. Typical data collected includes fuel consumption, mileage measurements, and other mechanical diagnostics.

So, how does this result in extra savings for you? For one, this information puts you at a serious advantage when looking to reshape your fleet of vehicles. You can save on gas, time, and productivity by paying attention to transportation costs, average time it takes to finish a service or arrive at a destination, and more. For a more detailed breakdown, think of things like this:

Saving on Gas: A fleet of vehicles can consume a lot of gas, so you’re sure to be looking for ways to cut down on what is potentially a huge cost. When you go over the data concerning mileage and driving behavior like excessive idling, you can fine-tune your fuel consumption through smart management.

Saving on Time: When your vehicle gets better gas mileage, it can go farther, saving you more money. This also means fewer chances that vehicles will have to stop for gas, which cuts down on travel time. When you save on time, customers and drivers are usually happier.

Save Productivity: Fleet management usually increases productivity and employee morale, which means that your company will do better over time. Drivers are more likely to get their work done effectively, efficiently, and in a timely manner, which means you’re company is getting work done better and faster. This leads to customer satisfaction, and more revenue over time.

Managing a company can be expensive, but finding ways to save has never been easier than by using fleet management. This system will ensure that your company becomes more efficient as well as easier to manage. With each focus area offering a huge benefit to your company, you can do no better than to try fleet management!

Try The Free Demo.

Seeing is believing and there is so much to see in our free demo. Find out how our enterprise level fleet management system can help you track your fleet in real-time, assign tasks, monitor drivers and more.

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