If you operate or work with a fleet, you need to know how to reduce costs and maximize profits. There are many costs you can’t control, so it’s critical to optimize the ones you can.
GPS-based tools, including telematics solutions, can significantly help you to reduce fleet costs in a number of ways. Let’s go through them now.
Smart GPS navigation software can find the optimal route from point A to point B. Some tools, such as Telematics from Eurowag, can even optimize routes based on the specific parameters of the truck that will be driving.
That means you can tell the tool all the info about the truck driving a particular route, and it will calculate the route with the lowest cost.
Trying to plan these routes without software is complex, time-consuming, and prone to errors. By using powerful GPS tools, you can save both time and money.
GPS tools can also track and improve driving behaviors, like hard braking, excess idling, or unnecessary acceleration. Behaviors like these waste fuel. According to one study, poor driving behaviors can decrease fuel efficiency by a whopping 45%! But without GPS tracking tools, you have no insight into whether or not these behaviors are costing you money. With GPS tracking tools, you can get insight into driver behavior, and help drivers adopt more efficient driving techniques.
GPS tracking tools can help you automatically generate logbooks for all your trips. This can be a significant time saver, giving you more time to spend on other tasks. Automatically generated reports will also have fewer errors and are more reliable.
Insurance is a necessary expense for all fleets. But there are ways to reduce insurance costs and help improve your profit margins.
Some insurance providers will provide discounts for fleets that utilize certain types of fleet management tools. Check with your insurance provider to see if this is an option for you.
There are many ways that GPS tracking tools can save your fleet money, and we’ve just mentioned a few of them. If you are interested in GPS tracking tools for your fleet, use the CONTACT US button on the top of this page and get in touch with us.