Investing in a GPS fleet asset tracking monitoring or Video Intelligence system, would be a wise move to help cut your overall insurance costs. According to an article which appeared in the September edition of Business Fleet Magazine, most businesses are seeing a significant savings either 10-15% or more off their commercial vehicle insurance if they integrate a fleet asset management system into their everyday fleet activities. For instance, instead of having several drivers who drive back and forth to work daily to make sure nothing gets out of stock or that the warehouse is stocked with the right products, a system that monitors vehicle inventory can alert the driver when something is wrong and have him or her pick it up immediately. When drivers know they can pick up deliveries on time, they will tend to actually take those deliveries instead of making last-minute excuses or taking risky, but costly, alternatives like shortcuts or passing up the opportunity to get the job done right. This can reduce insurance costs by as much as fifteen percent, not to mention saving the company money in fueling bills and helping to meet fuel bills.
Asset tracking systems are designed for any size and type of business. There are GPS units for trucks, cars and even buses, and there are handheld devices designed for every type of vehicle on the road. With the advent of video intercom systems, fleet managers can view what's going on with each vehicle in real time.
Vehicle tracking systems have revolutionized how fleets are managed. The old style was to write down vehicle data in journals, keep them in file cabinets, secure them inside of vehicles only accessible by authorized staff members, and then go from office to check on them. Modern GPS systems allow all managers to review a fleet's information at any time. This means less time spent doing paperwork, and more time spent monitoring vehicles, their activities, and the condition of their assets.
Fleet asset software systems store information that relates to the status of every vehicle in the fleet. A manager can view vehicle location at any time and even gain access to the vehicle's onboard computer to perform maintenance tasks. In addition to updating a manager's knowledge about where vehicles are located, tracking systems can also help prevent the loss of valuable assets. If a vehicle was stolen, for example, a tracking system would provide the police with a pinpointed address of the vehicle, allowing them to recover it quickly.
As well as helping manage the fleet, asset tracking can help maximize efficiency. For instance, if a driver is using an efficient route but doesn't report that route to the GPS, the vehicle's route can be changed without affecting the efficiency of other drivers. Also, if a driver knows that another driver uses a certain route, that driver may be more inclined to use that route if there isn't a tie up in the current system. Also, if two drivers want to go the same place, they can simply ask the GPS to direct them there, rather than trying to find their own ways around the system.
While many businesses have made the decision to implement vehicle tracking for their fleet, not all of them have been successful. Some businesses have had great success using GPS fleet asset tracking, but they still weren't able to maximize its benefits because they had some critical problems. One of these problems was not being able to properly communicate between the GPS and the fleet managers. Other problems included not having a way to track driver activity, making it difficult for managers to make the right decisions and making it difficult for them to optimize the system.