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Read moreFleet management can be tricky, especially if you have a mix of vehicle types, vehicles of different ages or assets other than vehicles that you need to track. Newer vehicles may come with standard integrated telematics and location-based vehicle tracking. Older fleet vehicles, however, require aftermarket solutions added on. Assets (both powered and non-powered) will likely need additional software, as well.
Telematics is becoming more accessible, helping fleet managers organize all aspects of their fleets through a centralized system. There has been a major shift toward the use of web-based applications that pull all information into one-easily accessible fleet tracking dashboard. These applications provide critical operational feedback in near real time, allowing fleet managers, supervisors, owners and dispatchers to make more informed decisions based on actual data.
However, GPS-based fleet tracking is only helpful as a management tool if you apply it to all vehicles and assets within your fleet—otherwise, you're missing out on the full benefit of what location-based software can do for your bottom line.
One of the biggest boons of investing in asset and vehicle tracking software is that the benefits scale exponentially as you roll it out across your entire fleet. The savings you realize in fuel, maintenance, and efficiency for one vehicle or asset quickly stack up. That’s why it’s best to implement a web-based asset tracking solution for all fleet trucks, cars and other assets at the same time.
Here are specific benefits you can achieve for your fleet operations by implementing a GPS-based telematics platform with a web-based central dashboard:
You can’t manage what you’re not measuring, and there are some easy ways to connect your vehicles to telematics and start receiving data on your entire fleet today. For example, Ford Telematics™, the factory-installed telematics solution, can be retrofitted to a lot of used Ford vehicles, not just new trucks. So if you've purchased new trucks fitted with Ford Telematics as part of your fleet, you can easily get your existing Ford vehicles retrofitted and track all your assets on the same dashboard.
Vehicle performance is collected in near real time, then processed using a secure web-based application that presents your fleet data visually, providing you with near real-time alerts and actionable reports. This helps to easily see ways you can potentially reduce your fuel, labor, and maintenance spend.
There might be a number of reasons why your fleet hasn't entirely converted to telematics. Perhaps you’re running a trial project to compare the value of implementing location-based software. Maybe you’re costing out options and determining when to make the switch. Or perhaps you’re planning a fleet-wide vehicle upgrade and prefer to wait until that’s complete.
According to McKinsey, around 15% of vehicles now come with telematics installed as standard, and there are estimated to be 100 million telematics units in operation around the world. The global market for fleet telematics hardware, software, and services is forecast to become a $75 billion industry by 2025.1 Whatever the reason, whether you have a mixed fleet or a modern one, there’s never been a better time to embrace telematics as the market continues to grow.
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Tags: Cost control, Field management, Productivity & Efficiency, Revenue & ROI
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