Several companies struggle to maintain optimal visibility of the fleet and monitor asset status and expenses in real time. Using a collaborative fleet management software solution provides a complete view of fleet information so you can make data-driven decisions and improve all of your operations.
Maintaining the visibility of the fleet is one of the most important aspects of fleet management, but it can often be a challenge for many fleet managers.
Using outdated systems like spreadsheets and paper does not provide real-time insight into how your fleet is functioning, which can lead to inefficiencies, downtime and poor spending decisions.
Using built-in software allows you to gain insight into the fleet by monitoring asset health and spending and collaborating with your team on maintenance tasks. By managing everything in one platform, you can easily keep track of all the data relating to your fleet to save more time and optimize your management processes.
Most fleets use a geolocation solution, but many do not take full advantage of the fleet data they collect. Knowing where your assets are on the map is certainly important to monitor productivity, but you should also leverage telematics data to track and improve other areas of your fleet, including maintenance, fuel, geofencing and more. Moreover.
The combination of a telematics solution and fleet management software improves the visibility of the fleet by providing real-time access to a mass of data. Getting the most from your vehicles is imperative to your bottom line, and understanding whether you are under-operating or over-operating vehicles can help you make decisions that will help you maximize your fleet's profitability.
Fuel and maintenance are often the biggest day-to-day expense for fleets, so it's imperative that you keep a close eye on spending to stay on budget. Both of these can be easily tracked in the fleet management software to get a complete overview of the fleet.
Whether you manage maintenance internally or outsource to a third party, fleet management software allows you to track all information on maintenance expenses. Not only does this keep you informed, but it also eliminates tedious data entry and ensures that all expense information is accurate.
Tracking costs and fuel consumption can be frustrating when trying to calculate total expenses based on fuel receipts. Asking your drivers to enter fuel into a fleet management solution or integrating your fuel cards provides real-time fleet information like cost per kilometer and fuel economy.
Knowing your total operating costs is one of the most valuable information about the fleet, as it ultimately determines your return on investment (ROI) and the success of your business. Calculating the total cost of ownership can be one of the most difficult tasks for a fleet manager who uses outdated management systems.
Getting real-time visibility into your fleet's operating costs, however, doesn't have to be difficult. Fleet management software provides a simple solution to calculate and track your TCO. Managing all fleet data on a single platform guarantees you accurate and up-to-date information on operating expenses. This level of fleet visibility allows you to identify spending trends in your fleet and determine strategies to improve your bottom line.