Top challenges that a commercial fleet owner face
Cost reduction initiatives
For every fleet owner, reducing costs every year and saving more money is the most important challenge. Even if there is a modest fluctuation in diesel cost then it can have a major impact on the companies financial bottom line. Therefore, managing cost is a challenge. Fleet management system contributes several benefits indirectly impacting the cost of fleet operations.
With the use of a fleet management system, fleet owners or managers can see the live movements of their fleet and with the help of this, they can easily analyze day-to-day operations.
Fleet and driver safety
Fleet owners are responsible for fleets and driver’s safety. The fleet owners have to take care of driver’s safety as they are an important asset for the company. Safety of fleet and driver is generally meant that there must be a low rate of accidents as well as they are also associated with reduced downtime, liability cost and are also there must be the low cost of repair.
Fleet management systems give the fleet manager timely alerts about overspeeding, downtime, etc. This feature can be used by any fleet manager anywhere and anytime.
Fuel price Volatility
Fuel price volatility is one of the most important aspects to look into for every fleet owner. Fuel is always on the top list as it affects an abroad area of expense. Most of the increased expenditure is seen because of fuel price.
Use of fleet management system, gives control over fleets fuel expenditure. Fleet management system helps to tap the abnormal behaviour that is being performed by the drivers. One can also look whether the fleet is taking the shortest route or not to reduce the fuel consumption.
Productivity initiatives
Most of the time in large corporations, implementing a productivity strategy is very difficult. The most commonly used solution for increasing the driver’s productivity is to enhance the route and operational efficiency.
Therefore, the use of fleet management systems i.e., GPS and telematics plays an important role to increase driver as well as route productivity.
