Fleet asset management is a pain for carriers of all sizes. It often feels like a balancing act with an ever-changing mix of operation costs, time constraints, locations, and driver preferences.
Proper fleet asset management requires precision, vigilance, and continuous analysis to stay on top of any changes. With so many variables in limbo, it’s empowering to have the right tools to inform business decisions. And fleet management software is just the tool to save you headache and stress.
Fleet management software is the go-to solution to reaching better results in less time. Understanding needs based on average or forecasted volume helps you reduce costs.
Below are a few ways fleet management software makes life easier.
Running what-if scenarios is a great way to improve fleet asset management. These simulations provide the needed tools and data to analyze and understand impact of different decisions on a fleet’s operations.
You can simulate multiple scenarios until you find the one that meets your requirements—all in a fraction of the time it would take you on your own.
Fleet management software optimizes routes, reduces downtime, and increases efficiency by automating tasks and providing real-time data about vehicle locations and performance. Completing more stops with fewer vehicles lets you reduce fleet size—or deliver more loads without growing your fleet.
Fleet management software also helps trucking carriers comply with regulations, such as Hours of Service (HOS) rules, by providing real-time tracking and monitoring of driver activity.
Improving shipment visibility and asset tracking are simple ways to improve fleet optimization. Customers are happier when they know where the location and status of shipments are on demand. And drivers are happier when they can update those customers by track-and-trace links instead of phone calls.
Analyzing vehicle weight, engine size, and load capacity lets you get the right vehicle on the road and improve asset management.
Fleet management software tracks fuel consumption in real time and provides data-driven insights about fuel efficiency and areas for improvement. This function helps trucking carriers combat rising fuel costs and improve overall fuel economy. The right software can also help carriers with cutting deadhead trucking.
Fleet management software can also monitor and track driver behavior, such as speeding and aggressive driving, which impact consumption and repair costs. This option helps trucking carriers address these issues and reduce fuel consumption and repair costs by providing real-time data and analytics.
And fleet management software helps trucking carriers plan and prioritize maintenance and repair work and keep track of costs and schedules by providing real-time data about vehicle health and performance and estimated repair costs and lead times.
By reducing downtime, optimizing routes, and improving the overall efficiency of fleet operations, fleet management software helps trucking carriers save money on fuel, maintenance, and other operational costs.