Managing a fleet is no piece of cake. There are about a plethora of things you need to take care of, be it desk operations or on-ground work and service. Among all this, looking after marketing, networking, and surviving cut-throat competition might be on top of your list.
In this situation, having some assistance will always help. However, this also comes at a certain cost, which can be too much to bear. What if we told you that this cost is not putting your money into an unsure venture but an actual investment? Yes, with new fleet-tracking technology, you get amazing results and just the helping hand you need to manage your fleet.
Because of the newness of this technology, there is a lot of skepticism that surrounds it as well. So, instead of telling you its benefits, why don’t we tell you what exactly your business might be missing out on if you skip this opportunity?
1. Efficiency In Management
It is no news that management, rather efficient management, can change the face of a company. Having a good system in place will ensure that your company runs smoothly like a well-oiled machine.
If all your departments are not on the same page, there can be a lot of issues regarding coordination and mismanagement that can arise and possibly cause severe damages. Most people take hiring a management team for granted and fail to recognize that it is a full-time responsibility that has a lasting effect on the working of the company.
Investing in some basic fleet tracking equipment will help you tackle a lot of management and technical issues all at the same time and ensure a well-coordinated business, where all employees and workers are on the same page.
2. Optimal Resourcing
When your company and fleet vehicles are equipped with outdated technology, there are a lot of resources that you are wasting. Staff, fuel, and power are some of the most important and expensive resources wasted if you are not up to date with tracking material.
Hiring any extra staff can become an easy-to-let-go option since a lot of the manual work can now be taken up by your tracking equipment. Moreover, it never hurts to be technologically sound since it gives off a professional image of your company that is on par with the latest developments in the field.
Optimal resourcing is that part of the functioning of a company that will yield amazing results in the long-run and save a lot of trouble for everyone involved.
3. Opportunity Costs
Opportunity costs refer to the costs that the loss of a better opportunity yields for the company. In short, it is an intangible loss that is calculated to see how much money is lost by not carrying out a certain operation.
If your company is still harboring outdated equipment, you can expect your opportunity costs to rise by a lot. The only way to stray away from these is by constantly upgrading yourself and your technology. Yes, this might cost you too, but it is a cost towards progress, whereas an opportunity cost indicates incompetency in management and functioning.
These costs can actually be used for better purposes like marketing, operations, logistics, customer service, fast delivery, etc. and help make your fleet more efficient. Instead, wasting it away behind something you will have to get rid of any way can be a huge cost to bear and definitely a wasted one.
4. Wastage Of Time
It is a very important thing to know that running is a business is nothing short of fighting a war- in terms of competition, you are always struggling more and more to become better.
In scenarios like these, things like poor customer service or wastage of time can severely damage your reputation, and consequently, your business. Having outdated and older technology can waste a lot of time – one resource you do not want to let go of. Managing your time well can save you a lot of money as well, in short, reducing wastage of all resources. While this might seem a bit insignificant, it is a very important point. In the guise of constantly working, most entrepreneurs start working extra and wasting time on things that don’t need much of their time.
A common example of this in the fleet tracking business is when people manually take updates from their fleet drivers regarding their location and the time it will take for them to reach the destination. Instead, using automatic fleet trackers can ensure more efficiency with minimum communication. This will not only save time but also save up on hours of service.
5. Vulnerability To Damages
One main advantage of having fleet trackers is that they help you ensure safety too. You can live track the location and route of your fleet, and in any case that an issue arises, you can quickly check up with your driver and know in real-time what the issue is. In other cases, people in the office find out about an accident or an issue related to compliance of rules only later after a few hours of the incident actually taking place.
But with new fleet tracking technology, you can stay at par with all the latest developments of your fleet and make changes accordingly. These changes will make your fleet less prone to accidents and more inclined towards following rules.
Exposing yourself to vulnerable situations can damage the condition of your fleet and lower morale as well. Upgrading yourself might require some time and energy, but it is definitely worth it, not just from a monetary angle, but also from a safety standpoint.
These are just some things that your company might be missing out on if you don’t equip yourself with tracking equipment. Other than this, the list is quite endless, right from missing out on technology to losing even your oldest customer base, all kinds of things could go wrong.
Learning about it and making sure your fleet drivers are accustomed to it might seem like a task, but it’s effortless to catch on and generates fruitful results in the long run. All in all, trying something like this out might not only give you an ease in operating the business but be the very edge you need to win over your competition.