Did you know the global fleet management software segment was worth $18.23 billion last year and is expected to generate $55.77 billion by 2028? Small businesses are increasingly deciding to integrate fleet management tools into their operations.
And for a good reason: fleet management software provides many business advantages. Let’s look at four top benefits of using fleet management software at your firm.
1. Keep Track of Fuel Costs
A fleet management system will help you keep better tabs on fuel costs. Gas and diesel costs are high. That’s something you’re undoubtedly well aware of.
But you can cut down on fuel expenses if you have real-time visibility of your fleet of trucks or cars. A fleet management system will furnish notifications if, for instance, one of your vehicles is on pace to go beyond the daily mileage cap.
When you’re able to leverage this type of information, you can speak with the driver about route planning so he or she can take advantage of the most appropriate routes. You can also uncover issues that have a tangible impact on fuel consumption.
Idling engines, for example, can boost your fuel usage costs as much as stopping and starting the motor. After uncovering potential problems like these, you’ll be in a position to address them and reduce your fuel expenditures.
2. Real-Time Fleet Data
Another reason to use fleet management software is the ability to gather real-time data that supports efficiency, productivity, and ultimately, more revenue. You can use a software system to generate the following critical information:
- Where certain vehicles are located in real time
- How many deliveries and pick-ups have been completed
- How many deliveries and pick-ups still need to be performed
One reason you ought to know the location of all your drivers at any given moment is that you’ll be able to use the fleet management application to determine which vehicle is closest to a customer who requires a delivery. Then you may contact the driver in question with dispatch instructions, and provide the customer an estimated time of arrival.
3. Maintenance Indicators
Another reason to invest in a fleet management software system is to receive maintenance reminders. It’s well established that preventive maintenance can reduce the need for costly repairs in the future.
If you can nip weaknesses in the bud, they won’t spiral out of control. When you get a suitable system to manage such issues and notify you in a timely fashion, you can comb over real-time fleet data and determine when preventive maintenance work is needed.
A fleet management application will gather and analyze information about repairs and scheduled services. You can request indicators about when preventive or repair issues may be worth addressing.
This should reduce your vehicle downtime. It’s easier to schedule downtime for a car or truck in advance than to have to deal with unexpected downtime.
4. Track Fleet Vehicles
Many stolen vehicles are never recovered. It can be a hassle to work with an insurance company to obtain suitable compensation for lost or stolen vehicles.
A fleet management system can help you keep track of any vehicles that are misappropriated. In other words, if any of your trucks or cars get stolen, you’ll have a better chance of recovering it if you have fleet management software. You’ll sleep better knowing your business-essential assets are protected.
If your firm owns a fleet of vehicles, you should look into getting fleet management software. It will provide insight into your operations so you can get as much productivity out of your fleet as possible.
Among other things, fleet management software will also empower you to be more productive and efficient. It’s the sort of solution you need if you own a fleet.