You can never go too far in trying to protect your business investment. Launching a business is costly in its own right, and maintaining a fleet of vehicles requires regular upkeep and maintenance that yields additional expenses. Therefore, it becomes all the more important to constantly track and monitor your fleet, in order to optimize productivity and cut down on unnecessary costs and repairs. Here are the 6 ways a GPS tracking system can help you run a successful business.
One of the biggest problems and costs a business has to deal with is constant fuel resupply. Fuel expenses can quickly eat through a company’s budget, if not optimized and minimized effectively. By predefining the fuel consumption limit in the tracking system, you can receive invaluable data once the limit has been reached, and enforce necessary measures and rules that will decrease fuel consumption. This one-time investment can save your business millions of dollars in the long run.
Vehicle upkeep and maintenance
By receiving valuable data from the tracking system, such as engine statistics and vital component status, you can decide whether a vehicle is due for a check-up or repair and thus save time, money, and even lives on the road. A driver can rarely know if the engine isn’t working properly, or if there is a hint of a costly future breakdown that could be prevented by analysing the data from the tracking system.
Monitor driver habits
It’s important to know how a driver behaves on the road and behind the steering wheel. Undoubtedly, the driver should pass extensive driving tests and adhere to your company’s professional requirements, but they can act in a completely different way if not properly supervised. The reasons behind this are numerous, and they are generally the consequence of good intentions, such as trying to make the destination on time.
To avoid putting the driver and other traffic participants in danger, you should implement a tracking system that will provide you with data regarding acceleration, sudden brakes, top speed, revolutions per minute, etc.
Time is money
It’s imperative to stay in the loop as to where your vehicles are, and if they are being used according to the company’s rules and regulations. You want to avoid your vehicles idling somewhere for prolonged periods of time, as it’s a waste of precious resources. The tracking system provides you with real-time data regarding the state of your vehicles, giving you the opportunity to act towards speeding up the process and getting the show back on the road.
Monitoring the speed
One of the most important, and potentially lifesaving pieces of data you can get from a GPS tracking system is the speed at which a vehicle is moving at any given moment. You will get an instant notification if the vehicle is traveling beyond the predefined speed limit, allowing you to take control and notify the driver of their infraction, potentially saving lives. Additionally, unnecessarily high speeds can waste fuel and add to the wear and tear of the vehicles, but with this information, you will be able to prolong their lifespan.
Decreasing the risk of theft
When you’re managing a fleet of vehicles, mishaps are bound to happen, and one of the worst scenarios entails one of your vehicles going missing. When a vehicle is missing, and you don’t have a tracking system to give you its exact location, you will have to waste additional resources in order to find it.
In case one of your vehicles ever gets stolen, the tracking system will provide you with its exact location and status, so that the police can have an easier time finding and apprehending the suspect. In turn, you will be able to quickly resume your operations, avoiding any significant loses.
Managing a fleet is a costly and risky business, one that requires skill and expertise, but with an efficient tracking system, you can avoid unnecessary risks and optimize your operations for productivity and sustainability, while enforcing data-driven rules and policies that will not only lead to exponential growth but will also keep your employees safe.