Written by BSM, a Geotab Company
on November 12, 2018

A Vehicle and Asset Management solution using GPS can help relieve your fleet management pain points. Sophisticated GPS solutions provide more than just track and trace functionality and it is often those additional factors that make purchasing a vehicle and Asset Management solution worthwhile. The following are the 5 most common pain points we hear from fleet managers and how a GPS tracking solution for vehicle and asset management can help.

1. Operating Costs

With fuel being one of the highest fleet operating costs it isn't any wonder that this is cited as the Number One most common pain point. A Tracking & Vehicle Asset Management solution can help reduce on average an entire month to two months worth of your annual fuel spend by cutting down idling time, speeding, optimizing your dispatch/routing, and more.

 

2. Safety

Employee Safety is of the utmost importance to companies. A Tracking and Vehicle Asset Management system can give you the tools to confidently support your remote workers and assets and quickly respond in emergency situations.

 

3. Driver Behavior

We know your employees are great- that’s why you’ve hired them! But sometimes their driving behavior isn't so great. Excessive speeding or harsh breaking will cause significant wear and tear on your vehicle. By educating your team to improve driving practices, you will reduce your service visits. In addition, improving driving behavior will also give you peace of mind that your drivers are less likely to be the cause of an accident, which will keep your insurance premiums nice and low.

 

4. Asset Utilization

Active assets bring in revenue, idle assets are expensive. Get the most of your assets by monitoring them to ensure they are being used. The ones that are not being used can be sold, put into storage or better yet put on back on the road!

 

5. Compliance to Government Regulations

Whether you’re dealing with Hours-of-Service regulations or fuel tax reporting, compliance to these government regulations using manual processes can be very time consuming and may result in compliance breaches. Help automate your processes and free up your resources time with a GPS Tracking and Vehicle & Asset Management solution. Automate your driver logs with an Automated Hours-of-Service solution to avoid costs associated with compliance breaches. Furthermore, get a state mileage report to help automate your fuel tax reporting. 

Related Posts:

The Competitive Advantage of Connected Construction Assets

By | on 08, May 2019 |   Optimization & Productivity

Connected construction assets enables your company to save money and work smarter and safer. But just what does it mean to be “connected”? This post shows you what a connected jobsite looks like, and [...]

Getting Down to Dollars: The ROI of Connecting Your Fleet

By | on 01, May 2019 |   Optimization & Productivity ROI & Cost Control

Want to impress your leadership team? Of course you do. How do you do it? Show them how strong the ROI of connecting your fleet can be! In this post we’re giving you a few examples from our customers [...]

Route Optimization with BSM, a Geotab Company

By | on 29, Apr 2019 |   Optimization & Productivity Routing

As a leader in GPS fleet and asset management, BSM, a Geotab Company, knows the importance and value of an effective route optimization solution. Efficient routing can result in reduced mileage, fuel,[...]