Why Do Fleet Managers Choose GPS Asset Tracking Software?

As competition in the transport and logistics sector keeps rising, businesses in the industry are encountering high supply chain interruptions, components and supply scarcity, bottlenecks along with continuing labour deficits.

Though a good portion of these issues are unavoidable for transport companies, there are many that can be resolved if these businesses opt for asset tracking software solutions such as GPS tracking systems. It’s important to get familiar with the advantages that GPS equipment tracking software can offer transport and logistics companies.

Continual visibility of equipment and assets

The main advantage of using a GPS asset tracking software solution is the availability of real time and continual visibility of the assets no matter where they are. To know the precise location of assets such as railcars, trailers, pallets, containers and so on, GPS devices are used and they share the exact location to the system, keeping managers and staff apprised of whether their assets are en route or in the warehouse.

Learning the precise location of every asset at any point of time gives managers the chance to make insight-based decisions in terms of including a halt to load more goods, reroute to keep clear of heavy traffic, offering real-time delivery updates to customers, and setting preventive maintenance schedules.

Fleet managers get actionable insights

If a transport and logistics company opts for asset tracking software development they can get a solution that enables fleet managers to generate reports that shed light on the places where businesses can cut costs. From a single GPS asset tracking device companies can gain the status of different aspects of their assets.

On top of offering fleet managers the precise status and measurements, they will also be able to create a range of custom reports without too much manual effort. Some of the custom reports managers can generate are asset utilisation, dwell, detention and slack times, vehicle miles travelled among other aspects. Accordingly, managers are able to run operations efficiently, with insights on what’s working and what is not.

Decrease operational expenses

Actionable insights as well as continuous visibility translate to considerably decreased costs of operation. Using the automation function of GPS asset tracking software negates the need for employing dedicated employees to handle back-office work. It helps them to decrease operator idle time, thus boosting their satisfaction level, use fuel to its maximum potential, maintain high employee retention, create accurate dwell and detention billing and so on. Moreover, fleet managers can cut operating costs as GPS-based asset tracking software solutions often allow businesses to enjoy low insurance rates.

Lower fuel expenses

GPS asset trackers are an excellent solution to considerably reduce ineffectiveness, fuel utilisation and the expenses. These fully track the assets by presenting all possible information, from the number of halts, distance covered, typical stop duration, fuel costs, fuel utilised among other information. The manager can establish the typical fuel consumption by closely monitoring the route planning, driving speed, engine idle time and operator’s reliability and so on.

High-level safety                                                          

The software has the ability to proactively schedule asset maintenance and also choose a repair store that can be easily reached on the route being used.  In this way they make sure there are no malfunctions and time wastage, ensuring that the assets are safe and in peak condition. What’s more, availability of tailored reports indicate to managers data such as unsafe fleet operators who endanger operations in terms of driving too many kilometres on a daily basis or ignoring speed limits. This allows them to ensure improved safety of fleets, assets and employees.

To upgrade transport and logistics businesses, fleet managers can take advantage of asset tracking software solutions.