If you own a fleet business, you are aware that it requires a lot of attention, dedication, and efficiency because it is competitive. When managed efficiently, you can optimise the cost and maximise the profitability. Vehicle tracking plays a crucial role in optimising your business and overall security. Vehicle tracking reduces operational costs, improves efficiency and enhances overall fleet management.
How does vehicle tracking work?
In a simple sense, it’s all about GPS tracking and telematics technology. The GPS monitors the vehicle’s location and stores the location history. With the help of telematics, one can monitor and diagnose the condition of the vehicle’s driving behaviour, fuel consumption, route efficiency and maintenance needs. With all the needed data, you make proper decisions and optimise your strategies. Take your fleet management business top-notch by solving inefficiency, cutting costs and ensuring you stay within the regulatory requirements.
So, how does vehicle tracking reduce fleet operational costs?
Optimise your fuel consumption
One of the biggest advantages of vehicle tracking is that it enables owners to manage their fuel expenses accurately. By identifying excess idling, inefficient routes and unauthorised fuel consumption, one can analyse the expenditure and the possible outcomes of the reasons for their loss. To avoid this, tracking helps manage route optimisation, fuel consumption, and deviation in routes by drivers.
Reduce the maintenance cost
Vehicle tracking can help you predict the health conditions of your vehicles by consistently diagnosing the functions. It constantly maintains a tracking record for the owners to inspect the vehicle, and unexpected damages can be resolved immediately by this feature. Regular scheduling for maintenance helps resolve repairs, reduces wear and tear, and extends the life span of the fleet, saving a ton of operational costs.
Slash insurance cost
Insurance can be expensive, and owning a fleet can get even more expensive. With an approved tracker one can get their insurance premiums reduced, and this will benefit them. Reputable insurance providers encourage the installation of a Thatcham-certified tracker with considerable discounts in the premiums as it reduces vehicle accident risks, enhances safety and provides reliable data on drivers’ behaviour.
Monitor unauthorised usage and theft Prevention
Unauthorised route changes or personal uses by the drivers can leave the vehicles vulnerable, resulting in possible wear and tear and theft. Vehicle tracking helps keep an eye on your vehicle by using geo-fencing alerts, monitoring real-time locations, and recovering the stolen car within short periods. This not only reduces misuse of assets and reduces potential losses.
Improved driver performance and productivity
The behaviour of drivers can highly influence fleet expenses. If the driver exploits the vehicle by harsh braking, overspeeding, and aggressive driving, the overall health is depreciated quickly. In the long run, this can create a huge downside to the fleet’s functionality and vehicle performance. Vehicle tracking devices help the owner analyse the driving culture of drivers, give needed workshops on how to adopt a proper driving culture and ensure that drivers comply with that policy.
Staying under Regulations
When it comes to fleet operations, there are regulations that one fleet organisation should follow. This can include the House of Service (HOS) and safety protocol. Vehicle tracking will ensure you respect those protocols by recording driving hours, rest periods and regular vehicle inspections. This will help you stay on the safer side but reduce the risk of penalties and other legal troubles.
What should you look for when Choosing the right trackers?
Real-time GPS tracking – Real-time GPS tracking helps you with accurate location and Geofencing alerts.
Telematics integration– Provides crucial data like fuel consumption, location history, and overall vehicle health, including engine diagnostics and driver behaviour.
A user-friendly dashboard – helps you keep track of your data without any hassle, with simple and quick access to dedicated applications and data reports. Scalability – Significantly improves the business and helps to adapt new strategies and expand the fleet.
Why is Lock and Track your best partner?
Lock and Track wants to ensure your fleet is optimised to the maximum level. If you wish to approach us for the best Thatcham-approved quality trackers, we are here….
Our Thatcham-certified installers will ensure your fleet is equipped with the maximum efficiency. Our dedicated team is ready to help you no matter where you are in the UK.
