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Managing money is an important part of any business. But your company may be missing out on a key, money-saving element: GPS tracking. Knowing where your fleet is at all times can help reduce costs for multiple reasons. If you want your company’s fleet to become more cost-effective and efficient, here are three ways GPS tracking can help you achieve those goals.
Increase Efficiency
First, tracking each vehicle in your fleet allows you to increase overall efficiency by identifying events that decrease efficiency. For example, with GPS monitoring you will know when a driver is staying idle for too long or is traveling away from their designated route. Furthermore, if your fleet travels around a local or regional area, tracking where each vehicle is located helps you assign drivers to jobs based on proximity. Overall, minimizing unnecessary travel and sending the nearest vehicles to new jobs will save both time and money.
Reduce Fuel and Maintenance Costs
Along with increasing your fleet’s efficiency, GPS tracking can also help reduce both fuel and maintenance costs. Two main factors you should track on your fleet are idling time and speed. Since idling is actually harder on an engine than driving, lessening the amount of idling within your fleet can cut down on maintenance needs. Plus, excessive idling can result in lost fuel economy, because idling vehicles quickly use gas and are getting zero miles per gallon.
Monitoring your vehicles’ speeds can be important in money saving as well. When drivers in your fleet travel over 50 miles per hour, they increase fuel consumption. Additionally, speeds over 70 miles per hour highly increase the wear on tires. Using GPS tracking for this will help you determine whether or not your fleet is running cost-effectively.
More Precise Billing
Another money-saving advantage to tracking your fleet is being able to look at each vehicle’s location history. You will be able to identify when a vehicle arrived at its location, how long it stayed, the time spent between locations and other information you need to create accurate logs of your fleet. From there, your company can use those clear records to calculate precise costs for billing.
Ultimately, by continuously tracking your fleet, your company will be able to conserve both time and money. It’s time for you to start using GPS tracking. Check out the most innovative GPS solutions from TrackingTheWorld to save your company money today.
