9 Secrets to Reducing your Fleet Expenses
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Read moreSaving on fuel is one of the main challenges that any fleet manager faces every day. Inefficient fuel consumption can affect the competitiveness and productivity of a business and have a negative impact on the bottom line. This is why fuel monitoring is vital for any fleet.
Fleet management software gives fleet managers the ability to monitor total fuel consumption and the fuel levels of their vehicles. This can help you keep an eye out for unusual fuel usage, promote more efficient driving and improve driver behaviour.
According to one European study, fuel costs can represent approximately between 5% and 30% of a company’s total expenditure, depending on the size and type of vans in your fleet. In addition, the study found that a 10% reduction in fuel costs can result in a 31% profit increase. Therefore, with narrow profit margins, monitoring fuel efficiency can be the difference between a profitable business or financial difficulties.
GPS tracking systems can help make it easier to save fuel by monitoring the fuel consumption of all vehicles, such as vans, in your fleet and identify behaviours that are less efficient or driving styles that consume more fuel and unnecessarily put your drivers, vehicles and equipment at risk.
GPS tracking devices that are part of a fleet management solution can give you precise fuel consumption data for your vehicles. When implemented across your entire fleet, this gives you the insights you need to help improve operational efficiency.
Additionally, fleet tracking software can help promote more efficient driving practices across your fleet vehicles by encouraging activities that deliver fuel savings, cut operating costs, reduce environmental pollution, improve driving comfort and cut down risks on the road.
Let's take a closer look at how telematics can help us drive more efficiently and safely:
GPS trackers monitor fuel efficiency at a vehicle level and identify which of your vans are operating less efficiently. Understanding how your fleet consumes fuel in near real-time allows you to analyse where there are inefficiencies and take quick action.
Through the help of telematics technology, you can learn what to focus on to help improve productivity and efficiency and reduce fuel waste.
Excessive speed, sudden braking, and harsh acceleration, among other bad practices, unnecessarily increases:
That’s why having visibility of your drivers is crucial to improving safety and productivity, while also reducing fuel waste.
Telematics can give you this visibility to identify unsafe practices. By monitoring the team’s behaviour when they are out on the road and highlighting poor driving habits, you can help correct dangerous behaviour and set targets for safety that will have a positive knock-on effect for efficiency and fuel use.
One of the main reasons for unnecessary fuel waste is leaving the engine running when the vehicle is stationary for long periods. A fleet management system helps to identify how long a vehicle has been idling, monitor the fuel consumption and notify the driver so they can reduce their fuel waste.
These are just some of the many advantages a fleet management solution that uses GPS location tracking can provide to help your fleet operate more efficiently and safely.
GPS vehicle tracking systems help facilitate the day-to-day management of fleets but also help develop safer and more efficient driving among the team.
The future of connected fleets is built today. Technology creates a unique opportunity to help improve the daily operation of a fleet of any number of vehicles and machines. Telematics is no longer the future; it is the present of a more intelligent and efficient fleet that can easily be yours.
Find out how our platform gives you the visibility you need to get more done.
Tags: Cost control, Team management, Routing, Productivity & efficiency
Find out how our platform gives you the visibility you need to get more done.
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