It is only a few decades ago when fleet navigation relied heavily on paper maps. Paper maps were a must and could be found in almost all vehicles from personal cars to commercial trucks. Extinction of paper road maps could be counted as one of the best examples of technology and how it has revolutionized the entire fleet management industry.

Technology is one of those wonders that has altered traditional modes of business across all sectors, and fleet management remains no different. The arrival of cutting-edge technologies like telematics, GPS navigation, and fleet management software has transformed how organizations manage their fleet. According to a report by GEP a procurement consulting company, Telematics systems were projected to be installed in approximately 75% to 80% of vehicles that were manufactured in North America in 2016 and were termed as connected vehicles.

There is no debate that technology in the past twenty-five years has drastically changed vehicle management and maintenance. The result of these technologies is reduced operation cost, increased productivity, less manual work, more automation, healthier vehicles, satisfied customers, and great profit margin.

Here are some of the ways how technology is revolutionizing fleet management:

Navigation

Fleet tracking is one of the fastest-growing GPS navigation applications. GPS fleet tracking helps fleet managers to locate fleet vehicles, plan and set up shortest routes and update drivers with real-time driving directions. It also helps with anti-theft and accident tracking roadside assistance, and tracking attendance of drivers.

Remote Diagnostics

Using a combination of remote diagnostics and telematics, fleet managers can avoid any unforeseen downtime and keep their fleet moving. This advanced fleet intelligence helps fleet managers gain precise, real-time information on vehicle health, engine’s working condition, etc. This cutting-edge fleet intelligence automatically corrects issues without the vehicle being driven to a service location.

Controlling Fuel Consumption

Technology like telematics is exceptionally increasing fleet efficiency. Telematics helps with gathering fleet vehicle data on how drivers are driving the fleet. Data on too much acceleration or speeding allows the fleet manager to make informed decisions about training drivers on reducing fuel consumption by driving the vehicle at optimum speed. For example, Latium Feet Management, a fleet consultant has helped clients in reducing their fleet’s fuel consumption by 10-15% annually.

Greater Profit Margin

One of the most significant impacts of telematics is that it has improved with the reduction in operational cost which in turn increased profit margin. This can be attributed to different factors like telematics makes vehicles much safer, which leads to reduced insurance costs, greater efficiency, lesser idle time, fuel consumption, among others. By using real-time data, fleet managers can better manage supply and demand to create a higher profit margin. Latium Feet Managementhas helped clients save an average of $1700 per fleet truck annually.

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