GPS Insight recently conducted a survey to find out the mindsets of fleet executives when it comes to GPS tracking technology. We had asked what their top 3 challenges were going into 2014 and found that most respondents share the same issues. These top 3 challenges were fuel cost/consumption, maintenance, and equipment replacement costs.
GPS fleet tracking software is designed to help businesses take on these challenges in a number of ways.
Fuel Cost/Consumption:
- Reducing idle time
- Reducing speeding
- Efficiently dispatching
- Eliminating unauthorized usage
- Optimizing routes
- Identifying fuel fraud
Tackling fuel cost and consumption is the easiest metric to take full control of with GPS tracking software and it will provide your business with a full return on your investment in as little as a few months.
Maintenance:
- Automated odometer readings and service reminders
- Log and track maintenance costs
Staying up-to-date with maintenance is a very manual and time consuming task that hasn’t changed much over the years. GPS tracking software can simplify the process of scheduling maintenance, knowing which vehicles or assets are due for maintenance, logging the work completed, and tracking the costs for each vehicle or asset.
Equipment Replacement:
- Ensuring maintenance is up to date
- Reducing mileage/run time
- Keeping track of assets for loss prevention
Equipment replacement costs are traditionally very high for many businesses. This also includes vehicle replacement. Using GPS fleet tracking software will extend the life of your vehicles and assets so that you don’t have to replace them as often. Knowing where they are at all times will also reduce the chance of theft.
For those businesses that do not utilize this powerful fleet management tool, these top 3 challenges will continue to be a problem year after year. Take full control of your fleet and schedule a demonstration of industry leading GPS tracking software.
To learn more about the adoption rate, benefits, and ROI of GPS tracking technology, download a copy of the 2014 Fleet Management Technology Report.
