How Fleet Management Technologies Are Streamlining Business Operations
Posted By : Priyansha Singh | 16-Feb-2023
Fleet Management Software Development
In this excessively competitive market space, fleet-based businesses are often plagued with operational inefficiencies, complexities, and challenges. From the overload of scattered information and multi-geographical barriers to the uncertainties surrounding the vehicle’s location, organizations that manage commercial fleets face numerous intricacies at every turn.
Every day, thousands of fleet vehicles – from commercial vehicles to vans and heavy-duty trucks – navigate the roadways, transporting the goods that fuel the global economy. While the market of fleet management was $25.5 billion in 2022, it is expected to grow at a CAGR of 15% and reach a value of more than $52.4 billion by 2027. Any business can potentially gain profits if they invest in robust fleet management technologies that can streamline its operations and match its long and short-term goals.
In the past few years, fleet management systems have proven to be a game changer for organizations seeking to achieve maximum productivity and cost efficiency. If your business is not equipped with the capabilities of fleet management software in this tremendously advanced digital era, this blog will help in understanding the benefits of investing in one. So, let’s get started.
What Can A Fleet Management System Do For Your Business?
A fleet management technology helps you gain visibility into your business operations while organizing and managing:
- Vehicle and asset location
- Drivers, vehicles, and assets
- Fuel and other operational expenses
- Vehicle maintenance and repairs
- Fleet safety and driver behavior scores
- Hours of Services (HOS) violations along with other compliance-related data
In addition to this, such software can aid in streamlining, simplifying, and enhancing the automation and end-to-end supervision of the entire fleet.
Who Needs Fleet Management Software?
- Transport and logistics firms
- Corporate fleet companies
- Flight and aviation companies
- Marine and shipping companies
- Commercial vehicle agencies
How Does Fleet Management Software Function & Work?
While it may sound a bit simple, however, implementation of fleet management systems is a complex process from real-time data requests to satellite GPS to feature-rich UI dashboards with enormous amounts of information stored in online centralized databases.
Preeminently, everything starts with fleet management software development embedding the crucial aspects, features, and scalability tailored in accordance with your business demand, operational model, and challenges.
Then, you need to have secure and powerful cloud servers to retrieve and process real-time information that you get from vehicles and transfer to the dashboard.
The next step inculcates one of the most pivotal components – electronic logging devices that should be plugged into the OBDII port of each vehicle so that they can commence sharing real-time information through the network.
Well, it is worth noting that you can select either a satellite or cellular type of network for transferring the entire fleet management data from vehicles to the dashboard. Ultimately, GPS tracking comes into the limelight as it requests and receives data from satellites, collects tons of data, and sends it directly to your dashboard.
Key Features Of Fleet Management Software Systems
- Real-Time Fleet Tracking: Real-time tracking can help save and prevent various types of disastrous events from happening. It provides useful data about the vehicle such as speed, traffic-based route, direction, engine temperature, fuel level, etc.
- Mobile App-Based GPS Vehicle Tracking: A mobile-based application offers accurate information to the customer where the transport or vehicle has reached, and to the driver, the app furnishes the location of the customer.
- Dispatch Management: Since fleet companies manage a lot of vehicles, it is often difficult for the owners to keep track of which vehicles are booked and which are not. In case booked, for what duration and when is the next time it will be available for other customers to use – all of such information is handled by the software.
- Fleet Summary Report: This report entails data ranging from vehicle type, the condition of the vehicle, count of vehicles operated by the fleet management company, daily income generated by the vehicle, information about each driver associated with the company as well as the customer database, and more.
- Analytics And Dashboards: Dashboards are typically used to monitor and check key data points about the vehicles and analytics related to them. It displays information like fuel consumption with its cost, tire pressure, engine durability, etc.
- Compliance Assurance: It is used by organizations to keep a close check – on whether the agreements and policies between drivers, customers, and the concerned company is being followed or not.
- Vehicle Management & Maintenance: The broad-level management is essentially done by members who control the software. The system collects useful information by using the tracker in the vehicle and sends the insights or reports to the software – from there, it is managed and controlled by the team of fleet companies.
Looking For Fleet Management Software Development Services For Your Business?
At Oodles Technologies, we enable organizations to take advantage of new-age technologies and modern fleet management software systems that come with cutting-edge capabilities to streamline and optimize your fleet’s performance. From ERP, CRM, and blockchain to IoT, AI, data analytics, and cloud computing, we offer comprehensive assistance in architecting world-class technological solutions for digital transformation. As an established software development company, we enable businesses to build state-of-the-art software to coordinate, manage, and track work vehicles to reduce operational costs and enhance performance in accordance with government regulations. With a team of seasoned professionals, we help you choose the right tech stack a build advanced applications that are equipped with AI, IoT, and mobile app technology with research and client-based recommendations while providing end-to-end automation support. If you are looking for building fleet management software to modernize, scale, and grow your business operations, feel free to drop us a line. Our experts will get back to you within 24 hours.