Fleet Management Solutions That Provide Fuel Efficiency and Cost-Efficiency

A fleet management company manages a fleet management and operation to improve productivity, lower fuel costs, and increase overall business efficiency. The whole process of fleet management consists of an organizational approach, which allows businesses to coordinate fleet vehicles with the service department to maximize efficiency, minimize maintenance costs, and cut costs on insurance premiums. Fleet maintenance comprises about 40% of the total expenses for a business. Most businesses have no real time access to maintenance details or to all the maintenance records that would show how they are performing with regards to their fleet vehicles. It can be hard to track repairs and to read reports generated by fleet maintenance.

Fleet management companies provide fleet managers with highly organized work flow processes that will help them to monitor each aspect of the vehicles as well as the operations that control the vehicles. Fleet managers and technicians can track all the vehicles' maintenance records, fuel consumption, driving history, fuel tax, driver records, speed limits, fuel storage, destination records, repair logs, etc. Being able to view all this information in one place makes it easy to make smart decisions regarding vehicle maintenance. Fleet management companies have a number of software solutions that they provide to their fleet managers that make tracking maintenance easier than ever before.

Fleet maintenance may not be all about the vehicles and tracking their histories. A fleet management company also handles financing options for fleets. The type of financing options a fleet has depends on its size, fuel use, fuel budgeting, driver history, etc. Some of the common financing options provided by a fleet management company include: fleet financing, fleet lease, commercial truck financing, non-business loans and other types of commercial vehicle financing options. All these options are tailored to meet the unique needs of fleet operators.

As mentioned above, the size of a fleet and its operational costs also play an important role in determining the amount of funds the owners can allot for its upkeep. When this is determined, the company can plan out the methods of how to acquire the necessary cash to pay for the various services and maintenance services it offers to its clients. Fleet managers can determine the appropriate methods by which to acquire these funds by analyzing factors such as average vehicle miles per year (MVMT), driver hours per week, costs of upkeep, etc. Some companies may provide their clients with complete information regarding their rates, the terms and conditions, etc. More importantly, fleet management companies allow their clients to review their current maintenance practices, which are critical factors in determining their rates.

Apart from financing, a fleet management company also handles the issues of hiring and managing drivers. Hiring is perhaps the most difficult part of making sure a vehicle is kept in good working condition. This task requires a lot of expertise as it involves the expertise of the entire fleet of vehicles. There are many companies that offer drivers for their vehicles, and keeping them on board can be quite a challenge, especially during peak periods or when a great deal of vehicles are on the road. The drivers hired by fleet management companies to make sure that drivers and vehicles are maintained properly and vehicles are not damaged in any way during the drive.

Vehicle maintenance plays an important role in maintaining the condition of a vehicle and in ensuring its optimal performance. However, repairing damage done to vehicles can prove to be expensive. For this reason, many fleet management companies provide financing options for repairing vehicles. Once the company determines the cost of repairing each vehicle, they make sure that these expenses are spread across all vehicles. They also offer money for maintenance services including repair costs.

One of the major challenges for a driver is the use of fuel efficiency. Most drivers, if not all, are unaware of fuel efficiency and the benefits that they can enjoy once they learn how to use fuel efficiency. Using fleet management solutions, fleet managers can reduce the number of miles their drivers use per gallon of fuel by implementing various strategies such as proper driving, increasing the frequency of stops, installing anti-theft devices and improving the air conditioning conditions inside the vehicle.

Telematics services are another aspect of fleet management that concerns vehicle condition. Tracking the health of the vehicles is important in preventing expensive repairs or replacements. A fleet management company has the tools necessary to monitor vehicle condition in real time and provide regular reports. With the help of fleet management solutions, fleet managers can ensure that vehicles are in good condition and are not wasting gas or emitting harmful pollutants. Telematics services like fleet GPS and fleet LCD software can be used for monitoring vehicle condition as well as for preventing breakdowns and increasing efficiency.