GPS or Global Positioning System is one that utilizes satellites to track location in real-time. The system has a minimum of 24 satellites that orbit around our planet twice a day and provides geolocation and time information to the receiver device.
Today it has changed the entire landscape of delivery systems and enabled companies to save costs and provide better customer satisfaction. Thanks to this technology, businesses that manage fleet vehicles are provided with numerous advantages such as:
1. Better Optimization of Resources
With GPS tracking, business owners can now track information about fuel usage, driver behavior, location, and even if a vehicle is remaining idle at any given point of time. This data can then be used by businesses to optimize their resources and focus more on driving maximum revenue.
2. Decreasing Insurance Costs
Vehicles with GPS installed are given reduced premiums ranging anywhere between 10 to 30 percent which is a substantial cut down on cost for companies. Insurance companies prefer GPS technology to be used as it allows them to track vehicles and know if there has been any change in preplanned routes and alert the necessary parties to the issue.
3. Improved Savings for Fuel
Companies can now figure out the most efficient routes and help their drivers to get from point A to point B without any hassles. With a better route planned out in terms of traffic, drivers won’t need to take additional breaks or get stuck in traffic which in turn helps to improve overall fuel costs.
4. Fewer Maintenance Costs and Downtime
Businesses can keep track of the maintenance status of their vehicles by setting up the software to send them alerts whenever necessary. The alerts can be sent either through email or text messages and help organizations to know when oil changes, tire rotations, and other maintenance-related tasks have to be carried out.
5. Happier Customers
With GPS devices, delivery can be more flexible and faster to meet customer demands. The dispatcher can now make quick and better-informed decisions when it comes to customer service issues and plans ahead to provide better customer satisfaction by keeping them in the loop on the expected deliveries.
6. Improved Driver Management
Since driver behavior can now be tracked accurately, it allows them to be more responsible when it comes to transportation. Even in case of accidents, GPS tracking can allow companies to know exactly how it happened and alert emergency responders to the site immediately.
7. Less Unpredictability
Fleet management is a difficult task that requires one to maintain a proper balance between vehicle performance and customer expectations. Unpredictable factors on the road can greatly hamper such businesses but with GPS, companies can get real-time tracking data and create more efficient schedules and vastly decrease unpredictability.
8. Better Route Planning
With improper route planning, fleet drivers may end up wasting valuable time and money for the company. With efficient GPS tracking, drivers can find out the most efficient routes devoid of traffic and other undesirable factors and even earn extra hours per day. It also allows drivers to have a hands free experience as opposed to checking directions on the phone from time to time.
9. More Trips
With GPS tracking, dispatchers can easily communicate with their drivers if any complications arise and even hand over extra trips to idle drivers which results in more productivity and better performance. This can significantly boost revenues in the long run.
10. Prevent Theft
With geofencing and alerts, managers can know when a vehicle has been moved out of its set boundary. Hence they can get alerts to possible theft or know if the driver is using the vehicle for personal reasons.
11. Getting Emergency Alerts on Time
With timely alerts via email or texts, fleet management businesses can avoid accidents as it allows owners to take necessary measures in time.
12. Efficient Financial Management
With the detailed data, you can get from GPS tracking systems, owners can better prepare profit and loss statements and accurately allocate the necessary financial resources.
13. Better Time Management
Companies that pay employees by the hour can benefit from GPS technology by knowing exactly when their employees started their day and when their day ended. This automated report can then be matched with the employee’s time card to verify if the recorded times are accurate or not.
14. Less Paperwork
With GPS tracking systems, companies can get the required analytics in a digital format that can be stored efficiently for future purposes. This eliminates the need for loads of paperwork and can improve overall efficiency for dispatchers, drivers, managers and bookkeepers.
15. Greater Ease of Use
GPS software programs come with a ton of convenient and useful options for better vehicle management in terms of collecting data on speed, driver behavior, and distance. With online help videos and tutorials, anyone can troubleshoot any issues they face immediately.
With GPS tracking, fleet management businesses can now drastically reduce costs, improve their driver’s performance, and prevent any vehicle maintenance issues from occurring. Add to that the sheer amount of convenience, ease of use, and data collection, companies can achieve their goals and deliver on customer satisfaction with ease.