Fleet Management Insights Must Know

by Vijay J. Digital Marketing Head at Letstrack

The secret of a successful business is gaining a competitive advantage and the only way to gain that advantage is to have accurate and detailed business insights. Insights tell all the loopholes your business has, areas of improvements and what all is not working for your business.

Detailed Insights opens the door of opportunity for any business. A fleet management business is one business that heavily depends on the data and insights. Not only lack of data kills a business but too much data also does the same. These days fleet businesses required accurate and limited data that can be studied easily without much spending resources.

Productivity

With advanced GPS devices, you can easily know about the work carried out and if there is scope for modifications or if some changes can be implemented in workflows and resources used differently in order to maximize productivity. Detailed insights put lights on all the hidden things which you were not previously aware.

Asset Utilization

Are vehicles underused, overused or is there a gap in terms of vehicle acquisition? Would you need more vehicles, more specialized vehicles or maybe just better utilization of the assets already at your disposal within the company? Chances are that you wonder if some of these actions can be taken, but do not have the necessary data on your fleet activity to act decisively. With the help of a fleet management solution, your asset utilization is right at your fingertips.

Area of business

With some companies relying on commercial vehicle usage, employees are required to travel so as to develop business prospects or visit customers. This activity might be concentrated in specific areas while leaving some other locations untapped. Seeing this highlighted on a map or in a series of reports differs markedly from merely having customers’ addresses available—it provides an immediate feedback of new areas to explore.

Human resources

With a complete suite of reports informing on vehicle status (on and off), people coming onsite and leaving and hours worked, it’s much easier to optimize time and workforce and learn if everything is proceeding as it should. With technology, it is easier to get straight to the valuable data and grasp real, genuine information with a simple click.