Do you know that fleet management not only helps to boost the productivity of your fleet but also prevents excessive expenditure incurred on fleet management?
As per a study, GPS vehicle management has the efficiency to enhance the productivity of your fleet by 15%, and vehicle utilisation by 20 per cent and it reduces fuel usage by 20-25%, idle time by 20-30%, miles covered by 5-10%, and overtime by 10-15%.
Not only this, but an independent report shared by Frost & Sullivan* indicates that vehicle tracking data is the best to reduce fuel consumption by up to 25% and idling instances by up to 30%.
This article will share some crucial insights into how GPS trackers enable you to cut off unreasonable fleet management costs.
Lower Fuel Costs
When you take the help of vehicle trackers to monitor things such as speeding, acceleration & deceleration, idling time etc then you can have a clear-cut understanding of why your fuel consumption is higher than it actually should be.
There is much improvement in driving speed, acceleration, and crawling time when you keep a closer look at the fleet. So this overall improvement has a greater impact on the fuel that is being used. Lesser fuel means less costs.
Route Optimisation
Route optimisation is quite beneficial even when it comes to cost savings. The best routes suggested by GPS trackers can be opted to reach a location safely and in time. If you come across a scenario when you find that drivers are not opting for the best routes which is leading to extra fuel usage then you can take charge of the scenario.
Fleet managers who go for optimal planning of route may reap benefits such as quick delivery, reduced waste in the context of time, lower costs etc.
De escalated Wear and tear
Are you keeping a constant check on how your drivers are driving, and the routes your drivers are taking? This will boost the efficiency of driving as well as offer the knock-on benefits of lowered vehicle wear and tear.
Less fierce braking may mean reduced pressure and wear on tyres and brakes. Meanwhile, an upgraded driving style will lead to a less negative impact on the engine and optimised routes will lead to small journeys. Hence, there will be lower mileage over time. These overall improvements mean elevated residual value for the fleet vehicles in a longer time, and lowered servicing and fleet management costs.
Less Waste
Many drivers are habitual in allowing their vehicles to be idle for longer periods of time. Idling means unnecessary fuel waste that can be tackled with effective vehicle tracking and driver guidance.
The vehicle tracking system will help to tackle the situation of extended periods of vehicle idling, whereas behaviour monitoring will enlighten drivers on how to reduce waste.
Minimised Theft Risk
Vehicle theft is an alarming problem. Vehicle tracking is an optimal solution to minimise the chances of theft risks. When you can control your fleet and have better visibility then you can control the costs as well.
Though vehicle tracking may not essentially prevent theft, it can help to minimize the chances of the same. And when your vehicle is safe then you can say no to any extra expenses.
Decreased Paperwork
Vehicle tracking also minimises the use of paperwork in a company. Drivers do not have to keep tabs on their metrics such as mileage, no need to record journeys or manage other fleet-related paperwork. There is much reduction of efforts as well as paperwork that would ultimately cut costs for a company.
Overall, it is undeniable that GPS vehicle trackers can help to curtail costs for a company. The above discussion reveals how tracking facilitates the prevention of excessive expenditure for a company.