How Does Fleet Tracking Help You Minimize Business Costs
But how does it do it? We’ve discussed that fleet tracking and telematics can help you cut down business costs for your setup, and now comes the part where we discuss how you can do that. Fleet tracking and fleet management are synonymous with optimizing business costs in terms of money, effort, and time – all of this eventually pours into one big pool, and that is finance. All resources are directly or indirectly transformable to business costs, and this means that fleet management can help you lower the costs by conserving resources for your setup. How exactly that happens – read through the following sections to explore this aspect further:
The first thing that telematics fleet tracking introduces to the business mix is transparency, and we all know how well people perform when they know that everything is out there in the open. Transparency is not only a huge motivator but also gives you an idea of where your business lags currently. You need to identify the important drains in your setup model before finding ways to minimize the business costs and create room for growth. There can be no unprofessional behavior, no financial drains pushing the business costs up, and no source of friction. All of this can only be ensured by adding fleet tracking to the mixture, which will ultimately lower the costs by making everything more transparent.
The amount of money available for your business is proportional to the amount of work done every day. However, it is not always possible to get more out of your workers – there is a limit to how much people can exert themselves in a given day. But you need more work done every day, without overexerting your staff. This is only possible when you find a way to make people generally more productive without having them work more than they can. Fleet tracking allows you to monitor your drivers and spot different patterns to see where the problem lies. When you spot those issues, you can tackle them to boost the productivity of your workforce; this will save up more money for your business.
Distance and route optimization is a perfect tool for cutting down the operations costs for your business. Every stop, every milestone counts. You need to take every step possible to minimize your travel distance without cutting out any stops. This is possible by using the most optimal sequence of stops and picking the most suitable route to make all stops. You can not only save lots of time and fuel this way but also find a way to squeeze in a couple of more stops in your daily schedule. With the sum saved up, you can invest in the betterment of your business, offering incentives to your workers for a good job, and so on.
This is a foolproof telematics strategy that will save up money for your business and increase the overall profitability of your setup.
Fuel Wastage Minimization
Fuel wastage is a major concern, perhaps the most important one, for a fleet business owner. There are many ways your fleet vehicles can lose fuel without being productive, but the two most important drains for fuel are idling and non-optimal travel distances. Fuel wastage can bring down your business’s profits, and it also kills any hope for growth if you run a small business. Idling is a major concern, but how would a fleet manager know when one of their drivers is idling? This is where telematics fleet tracking makes a difference; the tracking ability of a fleet management system can help you cut down the fuel wastage by notifying you about idling and via route optimization.
Maintenance costs can shoot up if you don’t spot trouble in time. This is again one of those areas where you stay in the dark until the very last moment – this is how it usually plays out. But with fleet tracking in the mix, you get on-time notifications for any maintenance trouble since the tracker is plugged directly into the onboard diagnostic panel. This means that you’ll get maintenance updates on time and thus be able to tackle the issues before they become a bigger issue. With maintenance trouble taken care of on time, the cost of dealing with the issue will be cut drastically. If you invest in timely maintenance, enabled by fleet tracking, your business will save up a lot in terms of time and money.
If maintenance issues are tackled in time, they can be dealt with in a much smaller form than what you would get if you delay matters. Dealing with the little things is simpler and cheaper, so there is no doubt about this: you will save money!
No Side Gigs
Another important financial drain for your business would be people working on side gigs during work hours and with the company vehicles. Drivers using the company assets for personal business can cut your profits by a huge margin – you don’t want that. However, the problem here is that fleet managers are usually in no position to demand anything from their drivers because they simply don’t know what goes down on the road. Not even in the slightest. How can you, sitting in your office all day, verify by the end of the work shift that all the time was spent doing company work and nothing else. Normally, there is no way to do so. However, if you can monitor your workers via fleet tracking, nothing is impossible.
No Lawsuit Liability
Accidents happen without warning, but that does not mean that they are not preventable. Most crashes can be stopped in their tracks if you just ensure that better road safety practices are being followed thoroughly. Since drivers are usually in a rush with their orders, unsafe driving is not unheard of. Fleet tracking can help you out here as well by offering constant updates about driver behavior on the road so that you can act in time if something feels wrong. This way, you’ll be able to get your workers to drive more responsibly, avoid crashes, and thus evade any lawsuit liability that comes with such an event.
Another financial drain has taken off the list!
Automated Records For Daily Performance
Lastly, you can work better on creating strategies to minimize the losses of your business if you rely on automated records for the performance of your workers rather than manual entries. The latter is highly unreliable and can’t possibly be verified. We don’t mean to question the sincerity of your drivers, but it would be wiser to ditch the manual records. The data delivered by fleet tracking systems are as accurate as possible, allowing you to pinpoint issues and solve them.
Fleetr Is The Perfect Fleet Tracking System For Minimizing Business Costs
By now, there should be no doubt that telematics and fleet management, in more than one way, lower the business costs for small and big businesses. And this matters the most for small businesses, more than the big ones, because it is the small businesses that need to conserve resources just to survive. But when it comes to expanding, you need to focus your energies on saving the resources and costs of running the business so that more investment is available for stretching your horizon even further.
Over 20,000 users have already benefitted from the inculcation of fleet tracking and fleet management in their business model via Fleetr. Our product is affordable at $9.99 per vehicle per month, flexible without any binding contracts, and we also offer premium services to all of our clients. The plethora of features afforded by our package, personalized to your specific needs, is more than enough to make your business more efficient.
Call us today to get started with fleet tracking via Fleetr!