Starting a fleet management company always seems exciting. But making it a profitable business and standing out among the competitors can be challenging.
Many individuals start their business with a great idea, but implementing those ideas to become a reality is where the success lies.
Fleet management is more than just owning and operating a fleet of vehicles. In a nutshell, it includes complete coordination and management of fleet that covers every stage of the vehicle’s lifecycle (from purchase to usage, maintenance to retirement). The aim is to reduce operational costs, mitigate risks, ensure reliability and safety, and improve efficiency.
Challenges with fleet management
As exciting as this business sounds, it brings some set of challenges for the business owners. Here are some of those:
1.Difficulty in tracking the vehicle location
There are times when fleet managers are unable to track the whereabouts of their vehicles. Sometimes the customers want to know the updates of their rides. So it’s essential to know where your vehicles are.
2.Inefficient route scheduling
It’s another challenge that fleet owners face. They need to know if their drivers are arriving at onboarding and deboarding points on time.
Also, they should be alert for the adjustments during driver shortage, vehicle breakdown, or customer cancellations. If there’s any sudden customer adjustment, they should be able to accommodate those in short notice.
The safety of drivers is the most critical aspect of the success of a fleet management business. They are business assets, and you need to take care of their well-being. Doing so, you will reduce the chances of accidents, vehicle repair expenses, and downtime costs.
4. Maintaining costs
If you don’t employ the right strategies and solutions, there’s a chance of losing money. It’s vital to maintain cost on various factors such as asset utilization, vehicle maintenance, regulatory compliance, etc.
Improve the efficiency of your fleet management
Here’s a list of the best ways to improve your fleet management efficiency:
1.Live Vehicle/asset tracking
The key to any efficient fleet operation is able to track your vehicles in real-time.
By using a GPS based fleet tracking system, you can track the real-time location of your fleet.
If it gives immense peace of mind to managers when they know where their fleet is and where it should be. Also, if there’s any mishap while the vehicle is on-road and you know the location, it will help you take the appropriate steps in no time.
Besides, a useful vehicle tracking feature – Geo-fencing is equipped with GPS technology and RFID. It will alert you when your driver enters or leaves a particular geographic border. It also helps your customers know when their rides arrive or assist your drivers in avoiding a no-entry zone.
Managing fuel costs is a crucial operation for improved fleet operations. The amount of fuel your vehicles use directly impacts your budget. A GPS-based fleet management system will help you track if your drivers are taking fuel-efficient routes. You can also track their idle time and speed to ensure that it’s between the economic range.
Working on preventive maintenance of the vehicle can help you solve minor issues earlier before they become troublesome. It also lets you schedule your vehicles for routine services in-advance, such as fluid refills, hose & wheel inspections, and oil changes.
It allows you to service your vehicles when it’s feasible for the fleet. Regular maintenance can also save your operational time and extra costs.
The in-build asset tracking feature combined with Google Maps in a fleet management solution allows your fleet to find the best and the fastest routes towards its destination. It also helps you predict through route analysis and manage traffic.
5.Timely replacement of parts
A fleet management system predicts the half-life of your vehicle parts. This feature helps you know when its the time to replace any part of your vehicle that is no longer good to use. It will help you gain higher returns from the sale and maintain the highest quality of your fleet.
6.Managing safety compliance
Safety management is crucial to getting into trouble with the law, getting into mishaps, and damaging the assets. The sensor-based safety management is attached to every vehicle. It helps you stay compliant with the government’s safety regulations.
This feature of a fleet management system helps you keep track of the warranty of your vehicle and its parts. It also alerts you about the status when any part needs maintenance or replacement. Therefore, it saves a large amount of unexpected expenditure.
Scheduling takes care of various vehicle operations such as assigning a product for dispatching, receiving orders from end-users, termination of a delivery, priority delivery, etc. It also keeps track of the engaged and free vehicles at any given point.
An advanced telematics technology makes you aware of the exact location of your fleet, vehicle performance, and driver behavior. It helps you identify the poor driving patterns, traffic, and road conditions that enable drivers to take another route whenever necessary. The telematics not only improves the safety of your driver and vehicles but also saves the fuel expenses.
Besides, it helps notify drivers and fleet managers when there’s any potential issue in the vehicle. In this way, the driver can address those issues on time, avoiding any further breakdown.
The success of a fleet management business ultimately depends on the profit it gains. When you use a fleet management software, its features eventually help you save the overall costs and gain more benefits. So when you own a robust fleet solution, you owe it to yourself to make your daily operations more optimal. Isn’t it?