Using Fleet Management to Cut Costs for Your Business
When you own a fleet of vehicles, it can be difficult to keep up with all of the pertinent data related to each vehicle. With a reliable fleet management company, all of the information is gathered into an easily accessible database that allows managers and drivers to quickly access the pertinent information. Vehicle reports and service history information can be pulled on a weekly basis or in real time, as needed. A fleet management company can customize these solutions to meet the needs of individual businesses and industries.
GPS tracking is becoming more commonplace in the fleet management companies' marketplace. A GPS/RFID system installed in vehicles can monitor fuel consumption and location, while keeping tabs on the overall speed, fuel use, maintenance and scheduled maintenance, as well as mileage and total miles driven. Fleet management companies can utilize this information to optimize fleet operations and implement cost-saving strategies. By monitoring driver activity and collecting detailed mechanical diagnostics, fleet management companies can also help ensure vehicle safety, improve fleet productivity, and lower fuel expenses.
In addition to offering GPS/RFID technologies designed to monitor and optimize vehicle performance, a fleet management company can also provide fleets with on-board diagnostics systems that can collect detailed information about drivers and their usage of vehicle programs. By using detailed information about vehicle program usage, fleet managers can reduce the time required for scheduling maintenance, avoid overtime and expense, and streamline workflow. The diagnostics provided by these providers can save time and money associated with repairs and other parts replacement. Newer on-board diagnostic systems are able to collect data from multiple sources, including engine sensors, airbags, tire pressure monitors, door air bags, seatbelts and many other on-board devices.
Fleet management software and fleet management company services can be customized to meet the specific needs of your business. Many companies like fleetio have solutions that work for small to mid-size enterprises and can manage both cars and trucks as well as service and fleet operations for businesses ranging from delivery services to automotive manufacturing. By providing a comprehensive solution for fleet monitoring, fleet management company solutions allow you to save money and cut waste. This includes vehicle disposal and repair costs associated with out-of-date and faulty equipment. Newer technology also offers precise diagnostics and reporting for your specific needs.
Many fleet companies offer financing options to fleets as part of their product range. Many offer leasing or lease agreements for vehicles, while others provide finance options like vehicle trade-in and financing options for buying used cars or trucks. In addition, many fleet management companies offer financing options for fleets working with large purchases such as forklifts and industrial machines. Financing options can range from short-term cash loans to long-term line of credit and may be based on the value of the asset, your company's credit history and financial rating, type of vehicle being purchased and other market factors.
Fleet managers using a fleet management company solution are able to track all expenses associated with driving the company's vehicles. This includes fuel, maintenance, service and even theft to ensure that the vehicles are being driven in a safe manner and within the law. By combining real-time vehicle tracking with intelligent reporting and financing options, fleet management companies are enabling their fleets to operate more efficiently and saving companies both time and money.