10 Benefits of Fleet Management - Cost-Saving Solutions

Last updated: 01-19-2021

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10 Benefits of Fleet Management - Cost-Saving Solutions

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Fleet Management Benefits
Fleet management embraces an integrated approach to telematics that offers far more than viewing your vehicles on a map.
By combining basic telematics with additional tools or enablers, fleet solutions deliver actionable intelligence to solve complex vehicle- and driver-related problems.
In-cab video can help identify and improve poor driver behavior – the leading cause of crashes and fatalities on our roads.
The same solution with journey management can help optimize routes and driving habits, resulting in savings of up to 15% on fuel.
Where non-motorized assets are concerned, a fleet solution helps to monitor the locations of assets, thereby reducing theft and increasing utilization.
In the U.S., an integrated ELD (electronic logging device) solution can facilitate compliance with the ELD Mandate and save fleets thousands of dollars in safety-related claims.
The Complications of Operating a Fleet
We wish it were otherwise, but it’s true: all over the world, fleets operate in highly-regulated environments full of risks and complex challenges. 
We can’t change that, and neither can you. Telematics, however, can help ease the burden of these risks and challenges, from high fuel consumption to driver safety concerns and costly maintenance requirements. How, you ask?
Let us explain. 
What is Telematics?
Vehicle telematics is a system of on-board hardware and software working together to gather, store and transmit information – or data – about vehicles and drivers.
What are the Benefits of Fleet Management?
Effortless Fleet Management with Tangible Results 
Improve fleet safety
How Fleet Management Features Improve Fleet Security:
Provides historical and real-time tracking of mobile and fixed assets 
Reports timelines and information streams online to tell you when assets are unaccounted for, where higher than usual fuel or electricity consumption and more 
Builds personalized communications networks through electronic tagging, beacons and geofencing 
Offers in-depth asset details on an easy-to-access online platform for increased visibility and risk management 
Supplies driver identification tags to protect assets from unauthorized usage and restrict drivers to pre-defined vehicles 
Links owners of identification tags to driving violations and driving violations to offer opportunity for intervention based on correct information
Customer Quote
I am very happy with the service we received from in terms of technical and client support. I like that we have dedicated technicians and that technical support times are always good.
Peter Lehman, Director of Mozzie Cabs
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Vehicle Fleet Management 101
What is fleet management? Simply put, it is the optimization of risks, costs, and efficiency in fleet operations. Fleet managers are in charge of reducing risks, controlling costs, and maximizing the profitability of fleets. Although the definition may seem simple, the job itself is not.
Challenges Faced by Fleet Managers
When you manage fleets, drivers, schedules, and costs, you face many challenges. That's where MiX Telematics comes in. We provide technology and software solutions to help you reduce costs, improve driver safety, reduce risk, increase productivity, and schedule preventative maintenance to minimize downtime. Our solutions put information at your fingertips, so you can solve problems quickly.
More Fleet Management Benefits
The advantages of fleet management telematics also include savings in fuel costs, increased productivity, and improved customer service, to name just a few. Let's explore these benefits:
Savings from Fleet Tracking
Reduce Fleet Fuel Costs
Fuel accounts for a big chunk of any fleet's budget. Using a GPS tracking solution can reduce fuel costs by approximately 10%. Our tracking solution alerts you to how often specific vehicles are idling and overall idling across your entire fleet. You can monitor performance, track improvements, and educate your drivers on why they should reduce their idling time.
In addition, with our GPS tracking solution, you can optimize your fleet's routes, reducing total miles driven. With MiX Telematics, we put you in the truck with your driver. You can see their location and their destination in real-time and monitor the traffic and the weather. With this information, you can improve your total fleet efficiency and reduce fleet fuel costs.
Improved Customer Service
With MiX Telematics, you can use fleet management to improve your customer service. Using our GPS tracking solution, you can make sure your drivers stick to their schedules and routes, so they get to every appointment or make every delivery on time. If something goes wrong, with the visibility we give you, you can send the vehicle that is closest to a job, while rerouting other drivers, so that they all get to your customers more quickly.
Eliminate Theft and Waste
With MiX Asset Manager, you track and locate your assets in real-time, preventing potential theft and misuse of your trucks. You can find them wherever they are with a live information stream, or see where they've been over time with trip replays and records of distances traveled and previous events. You can even view asset diagnostics, such as signal strength and battery status, and export a list of all active assets. You can also track assets such as cable stock, generators, bins, ladders, and more. 
Reduce Fleet Labor Costs
One of the biggest problems fleet managers face is driver retention and turnover. This often happens due to disciplinary issues, such as poor driving or too many accidents. With MiX Telematics, you can put in place a training system that helps your drivers improve and reduces fleet labor costs and turnover.
Using GPS tracking data, you can help your drivers drive better and create a safety culture for your fleet. This can decrease insurance premiums as well as reduce driver turnover.
No matter why you are implementing driver training – to improve safety, manage risk, or increase driver job satisfaction – your fleet's profitability increases when you use a consistent, relevant driver training program. Your tucks last longer, repair costs will lower, crash risk will reduce, and driver turnover will decrease.
Reduce Maintenance Costs
Preventative maintenance is one of the best ways to reduce maintenance costs over the lifetime of your vehicles. MiX Telematics takes the guesswork out of maintenance scheduling. You can easily automate the process to send alerts when it's time for maintenance for each vehicle. That way, you can schedule your maintenance ahead of time and won't be surprised by sudden breakdowns. This will help keep your trucks on the road and not in the shop.
Our telematics solution gives you access to engine diagnostic data such as fuel usage and fill-ups, odometer readings, engine temperature, oil pressure, RPM, idling, exact engine hours, and more. This makes your maintenance schedules more accurate, so you can avoid paying for service on lightly used vehicles and neglecting vehicles that need servicing more often.
Savings from Fleet Tracking
Vehicle fleet management solutions from MiX Telematics has many benefits. You will know the exact location of each vehicle so you can meet deadlines and your customers' expectations. You can also reduce operating expenses by optimizing your drivers' routes, leading to reduced fuel use and overtime costs. Fleet managers can change routes in real-time so that their drivers can avoid traffic, construction, and accidents, saving time, and reducing downtime.
Contact Us
Many organizations rely on fleet managers to control costs, maximize profitability, and mitigate risks of their fleet vehicles. As a fleet manager, you touch every aspect of fleet operations. Our fleet solutions help you save time and money while increasing efficiencies. Contact us today to further discuss this ins and outs of what is a fleet management system for your business and the many advantages and opportunities available to save money, increase efficiency and more.


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