Reduce Cost of Operations with GPS Tracking Software

1. Every business across industry and globally is looking for ways to reduce their cost of operation. Especially for businesses dealing with logistics and fleet, they are constantly battling rising fuel prices. They are also struggling with the lack of visibility of the driver’s and vehicle's actions. But with the help of GPS tracking software, managers can successfully reduce their cost of operations. GPS tracking software allows managers to be in sync with the driver’s and vehicle’s activities in real time. And having efficient GPS tracking software in place will allow managers to track and provide the data and insights required to optimise fleet trips and operations. What is GPS Tracking Software? GPS tracking software is a dire necessity and integral to daily functioning in 2023. Most might consider GPS tracking just for tracking vehicles or assets. But the functionality of GPS tracking goes way beyond. The GPS tracking software comes with a whole lot of solutions and features that will allow managers to manage, track and optimise their fleet operations effectively. Solutions like route planning and management solution, sim based tracking, video telematics, and analytical reports are great ways to manage fleet trips. Ways in Which GPS Tracking is Helping You Reduce Operational Cost? With the help of GPS tracking solutions, managers can easily improve their fleet operations and reduce excess costs like fuel consumption and accident repairs. All this makes investing in GPS tracking software even more necessary. Reduce Fuel Consumption GPS tracking allows you to monitor vehicle speed, the severity of acceleration and de- acceleration and the amount of idling done by the drivers or the time spent crawling in the traffic. All this helps to assemble the puzzle as to why this trip had a higher fuel consumption. The average operating cost per truck is about $1.82 per mile, and fuel makes up over 60% of a fleet’s operating cost. Prevent Driver Overtime In the case of productivity, employee overtime is a good thing. But in the case of efficiency, it's proven that drivers or employees are most productive only for 40 hours a week. So when drivers

2. decide to do overtime, chances are they will not be that attentive and might cause accidents. This will only cost you more money. But with GPS tracking software, there is absolutely no need for your drivers to do overtime. This is because the software suggests you the most efficient routes. This way, drivers can make deliveries on time and don't have to do overtime. Increase Employee Productivity For drivers to make extra stops, managers must plan their routes optimally. This will reduce the chances of going on unleveled roads or unsuitable paths, which could be difficult to manoeuvre and time-consuming. Due to this, the drivers will not only be delivered on time but also have the time to make extra stops. Avoid Harmful Practices Whenever drivers indulge in rash driving practices like hard cornering, acceleration, deceleration, braking, etc. They not only use more fuel but also speed up the vehicle’s rate of wear and tear. But with the help of GPS tracking solutions like driver behaviour and video telematics software, managers can differentiate bad drivers from good ones. They can also monitor driving skills and activities visually with the help of AI-enabled dashcams. Receive Lower Insurance Rates Insurance companies are well aware that your fleet uses a GPS tracking system, which reduces the chances of getting into an accident. By this method, your business will be able to get discounted premiums. And the best part is that your fleet insurance will likely drop further. This is because safer driving and well maintained vehicle translates to fewer insurance claims. Reduce Operational Costs with TrackoBit For a fleet operation to be successful, it not only has to be on time but also within the budget. This becomes increasingly hard when managers don't have the clarity or visibility of the fleet trips in real time. To solve this problem, we recommend you check out GPS tracking software. The software is a great way to track, trace, manage and conquer road operations. TrackoBit is fleet management software that offers GPS tracking and much more with the software. The solutions and features offer analytics and insights into the trips in real-time. This way, you can ensure that there is no excess fuel consumption. Read Our Latest Blog: How IoT is Improving GPS Tracking and Location-based Service   How To Choose The Best GPS Tracking Software For Your Business 9 Tips To Save Your Business Money With GPS Tracking Software 

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