A new addition to the logistics and transportation industry is the use of software and tracking. Fleet management software makes fleet management easy and saves time, but did you know that it also saves you money? Many businesses are choosing to digitize their management process through software due to the savings they get to enjoy.
The following are some of the best practices for fleet management that can help streamline management practices with ease.
If you own a fleet, you probably already know that the small costs associated with it can easily push the budget. Good fleet management software can be an expensive endeavor but it is worth the extra cost particularly since it saves you a lot of money in the long run. But how exactly does it do that?
The following are a few reasons that highlight how you can save money with the help of fleet management software.
1. Improves the Lifespan of Your Equipment
Keep track of your equipment and vehicle with the fleet management software. It lets you manage the reactive maintenance for the equipment you have. By being able to identify the issues in your fleet beforehand, you can easily ensure that you’re not surprised when the damage happens.
Additionally, you can extend the lifespan of the vehicle and also save by as much as 12% to 18% in serious repair costs. This ensures that your fleet remains in top condition and that you are able to save some money on it too.
2. Reducing Wastage of Fuel
Fuel wastage can be a serious drain on the budget. As one of the biggest costs, many businesses end up spending millions in this area alone. With fleet management software, they can manage the fuel efficiency of their vehicles.
Additionally, asking workers to stop leaving the vehicles on idle is also a great way to save costs. Idle vehicles are responsible for wasting a total of 3 billion gallons of fuel per year. Even if you’re not a large business, your idling vehicles can waste as much as $1,500 to $2,000 on a monthly basis! With fuel management software, you can ensure that your vehicles are not wasting any fuel.
3. Optimization of Route
Did you know that planning out your route can actually help you save money? Route optimization with the help of fleet management software will ensure that you’re cutting out unnecessary miles and only picking the shortest way of getting from Point A to Point B.
UPS is a big example of how you can save money through this option. They optimized their routes, cutting out unnecessary miles and ended up saving $300 million to $400 million on an annual basis in 2017. While your business might not be as large as UPS, you can still see that route optimization will save you more in terms of cost.
Work with Professionals!
If you want to get the best of both worlds, try using fleet management software along with professional services. Corporate Fleet Services Inc. ensures that you’re going to be getting the best of both worlds when you work with them.
For more information about their fleet management software and services, get in touch with them today!