Fleet
management facilitates the process of storing, sending, and receiving information
to take control of objects at a distance. With the rise of online sales,
retailers and logistic providers are also looking for efficient ways to deliver
the products at a lower cost. The software will help in managing drivers,
dispatchers, and vehicles. It will also identify factors contributing to
increased cost, be it driver’s behavior or vehicle maintenance. Some of the
benefits of using best Fleet Management Software are planned routes, enhanced visibility,
improved driver safety, lower fuel consumption, and ensuring compliance with
regulations by minimizing carbon emission. The market is expected to grow from
USD 19 930 million in 2020 to USD 34,071 million by 2025, at a CAGR of 11.3%
during the forecast period.
Essential Features that your Fleet Management Software must have
Real-time GPS tracking
The GPS tracking device is one of the most important features in the
fleet management system; once the device is installed onto the device, one can
get real-time location and movement updates of any vehicle. Since it is
important for retailers and logistic providers to better manage their fleets,
the main agenda is to be aware of what is happening and to be able to take
proper actions in case of delays.
Analysis of driver’s behavior & their retention
Another fascinating feature that fleet management software offers is measuring a driver’s behavior.
What it means to analyze a driver’s behavior is to analyze harsh braking,
acceleration, speeding, and over idling. One can also share the feedback with
drivers and help in preventing accidents and reducing fuel costs.
Apart from this analysis, the software also
takes care of calculating driver earnings, driver scheduling, and permission
management. Another big issue that keeps coming is driver turnover and
retention; it is a well-known fact that drivers quit jobs due to various
reasons, and of the reasons is complexed protocol. This can be avoided by
making sure that drivers have clear visibility; they must have an automated app
to guide them when do they need to scan an item or take signatures and other
such tasks. This will simplify the task for drivers and which, in turn, will
ultimately also benefit the firm.
Alarms
This, as the name suggests, alarms the person
in charge of the activity if the threshold is breached. The alarm feature is
useful for firms to quickly act in case of any emergency, it also allows users
to create custom alarms as per their requirements. For example, one is delivering
temperature-sensitive items, so one can set the alarm accordingly.
Artificial
Intelligence & Machine Learning
It is essential to acquire as much data as
possible on both macro and granular levels to attain maximum efficiency. The
software, with the help of AI, applies the algorithm and identifies the area of
opportunity. Besides increasing efficiency, it also helps in building brand
loyalty and enhance the overall experience.
Fuel
Management
Efficiently consuming fuel is an important
part of fleet management as fuel cost represents a large part of the budget of
a firm. The fleet management software will allow one to monitor fuel 24/7 and
also send alert notifications in case of leaks or theft, and it will also allow
one to monitor how often vehicles are refueled or drained.
Route Management
& No-go zones
Correct routes save a lot of money for the
firm. Hence it is an essential part of fleet management software to help in
route planning. The software must be customizable and must allow one to decide
the best route-based on a variety of constraints. The software let one choose
the parameters based on which it must suggest the route options. Apart from
planning the best route, the software must also restrict fleets from traveling
through restricted areas, for example: frozen roads or landslide-prone areas.
Scalability
and Integration
Firms fear to shift to new technology because
they think about what will happen to their existing technology. It is important
to find software that can integrate with your existing solutions across the
supply chain; just as fleet management must be able to work with existing
technology, it must be flexible enough to readily adapt to business needs.
Hence, it’s advisable to look for scalable software that can be customized
according to the requirements. Scalability is not something that occurs only
when one expands business but might also occur during peak seasons.
About 360Quadrants
360Quadrants is the largest marketplace looking to disrupt
USD 3.7 trillion of technology spend and is the only rating platform
for vendors in the technology space. The platform provides users
access to unbiased information that helps them make qualified business
decisions. The platform facilitates deeper
insights using direct engagement with 650+ industry experts and
analysts and allows buyers to discuss their requirements with 7,500
vendors. Companies get to win ideal new customers, customize their
quadrants, decide key parameters, and position themselves strategically in
niche spaces to be consumed by giants and startups alike. Experts get to grow
their brand and increase their thought leadership. The platform targets the
building of a social network that links industry experts with companies
worldwide.
360Quadrants will also be launching
quadrants in fields like Smart
Fleet Management, Commercial
Vehicle Telematics, and Fleet
Maintenance Software.
