Considering the rising gas and diesel fuel costs, you can appreciate just how expensive it can be to own and operate a car — let alone multiple vehicles. The costs can add up fast if your business owns a fleet of vehicles. Purchasing, maintaining, repairing, and fueling cars will prove costly.
Considering the rising gas and diesel fuel costs, you can appreciate just how expensive it can be to own and operate a car — let alone multiple vehicles. The costs can add up fast if your business owns a fleet of vehicles. Purchasing, maintaining, repairing, and fueling cars will prove costly.
That’s one reason why investing in fleet management software makes sense if you haven’t already taken the plunge. While such solutions might have been nice to have in yesteryear, they’re now must-haves when fuel costs are trending upwards.
According to one source, the global fleet management segment was worth $19.47 billion in 2020 and is on pace to climb to $52.5 billion by 2030. That amounts to a 10.6% compound annual growth rate from 2021 to 2030. So, it’s safe to say the segment is picking up speed.
Here’s a look at five specific reasons why your business needs fleet management software.
1. Know Where Your Cars Are
One benefit of fleet management is knowing where your vehicles are in real time. There are several advantages to having this type of visibility. On the one hand, knowing where your cars are at all times means you’ll be able to strategically direct dispatch orders.
On the other hand, knowing where your cars are at all times means you’ll be able to identify them if they’re stolen.
2. Monitor Driver Behavior
With fleet management software, you’ll be able to monitor driver behavior. How your drivers operate your fleet of vehicles will factor into how long your vehicles last. So, don’t underestimate the importance of keeping tabs on how your drivers use the vehicles.
You’ll be able to track critical driver metrics such as the following with fleet management software:
- Speeding
- Idling
- Harsh braking
- Fuel usage
Based on what you find after combing over the data, you can speak with drivers individually to go over the findings. You might find that further training is needed to ensure that drivers are operating the vehicles safely and efficiently.
Bad driving habits will increase the need for maintenance and repairs, and will put the drivers, other motorists, and pedestrians at risk.
3. Contain Fuel Costs
What’s the largest expense for your fleet? It’s a certainty that fuel costs will rank high on the list. However, your business will find fuel management easier with fleet management software. You’ll be able to check in on fuel usage in real time and over time. You might find that choosing different routes or strategically assigning drivers to specific areas will contain fuel expenses.
4. Manage Maintenance and Repairs
A fleet management software application will also help your business to stay on top of maintenance and repairs. Preventative maintenance is essential if you want to keep your vehicles on the road more than they’re at an automotive facility for extensive repairs.
The software will notify you when maintenance is needed. By scheduling regular oil changes, filter changes, and more, you’ll be able to reduce the risks. Maintenance and timely repairs will make the most of the investment you make in your fleet.
5. Increase in Customer Satisfaction
With fleet management software, you’ll know where your drivers are at any given time. You’ll be able to provide customers with accurate information on delivery times — and you’ll also be able to provide updates if something comes up leading to a delay. Being able to keep customers in the loop will increase customer satisfaction rates.
These are some benefits your business will get from purchasing fleet management software. It’s the sort of tool you must have if you have multiple vehicles for your company. Your best bet is to explore your options and find something that meets your company’s specific needs.
While such solutions might have been nice to have in yesteryear, they’re now must-haves when fuel costs are trending upwards.
According to one source, the global fleet management segment was worth $19.47 billion in 2020 and is on pace to climb to $52.5 billion by 2030. That amounts to a 10.6% compound annual growth rate from 2021 to 2030. So, it’s safe to say the segment is picking up speed.
Here’s a look at five specific reasons why your business needs fleet management software.
1. Know Where Your Cars Are
One benefit of fleet management is knowing where your vehicles are in real time. There are several advantages to having this type of visibility. On the one hand, knowing where your cars are at all times means you’ll be able to strategically direct dispatch orders.
On the other hand, knowing where your cars are at all times means you’ll be able to identify them if they’re stolen.
2. Monitor Driver Behavior
With fleet management software, you’ll be able to monitor driver behavior. How your drivers operate your fleet of vehicles will factor into how long your vehicles last. So, don’t underestimate the importance of keeping tabs on how your drivers use the vehicles.
You’ll be able to track critical driver metrics such as the following with fleet management software:
- Speeding
- Idling
- Harsh braking
- Fuel usage
Based on what you find after combing over the data, you can speak with drivers individually to go over the findings. You might find that further training is needed to ensure that drivers are operating the vehicles safely and efficiently.
Bad driving habits will increase the need for maintenance and repairs, and will put the drivers, other motorists, and pedestrians at risk.
3. Contain Fuel Costs
What’s the largest expense for your fleet? It’s a certainty that fuel costs will rank high on the list. However, your business will find fuel management easier with fleet management software. You’ll be able to check in on fuel usage in real time and over time. You might find that choosing different routes or strategically assigning drivers to specific areas will contain fuel expenses.
4. Manage Maintenance and Repairs
A fleet management software application will also help your business to stay on top of maintenance and repairs. Preventative maintenance is essential if you want to keep your vehicles on the road more than they’re at an automotive facility for extensive repairs.
The software will notify you when maintenance is needed. By scheduling regular oil changes, filter changes, and more, you’ll be able to reduce the risks. Maintenance and timely repairs will make the most of the investment you make in your fleet.
5. Increase in Customer Satisfaction
With fleet management software, you’ll know where your drivers are at any given time. You’ll be able to provide customers with accurate information on delivery times — and you’ll also be able to provide updates if something comes up leading to a delay. Being able to keep customers in the loop will increase customer satisfaction rates.
These are some benefits your business will get from purchasing fleet management software. It’s the sort of tool you must have if you have multiple vehicles for your company. Your best bet is to explore your options and find something that meets your company’s specific needs.
