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Capitalize on These Fleet Management Practices for Higher Business Profits

Capitalize on These Fleet Management Practices for Higher Business Profits

Managing a fleet is no mean feat, no matter large or small. Fleets are responsible to serve its customers in the best possible way. Their safety is of utmost importance. This makes it imperative to prioritize fleet management.

By adopting the best fleet management practices, you contribute towards your vehicles’ improved efficiency and productivity. 

If you are the owner of trucking fleets responsible for transporting high-volume loads, implementing the following practices by ELD Mandate can stand your business in very good stead in terms of higher business profits.

Prior to highlighting the primary role of a fleet manager and the practices they can adopt, 

Let’s discuss some of the benefits of fleet management:

  1. Higher profitability
  2. Improved safety
  3. Improved efficiency
  4. Highest level of customer satisfaction 

The following points are at the center of successfully managing a fleet:

Vehicle safety

This is a no-brainer. Vehicle and driver safety is the cornerstone of any trucking business. ELD Mandate’s Tail Light GPS Trackers completely guarantees this. Some of its key features include

  1. Near Real Time Tracking
  2. Share location with others automatically
  3. Speeding Alerts
  4. Geofence alerts
  5. Remote finding
  6. IP67 Waterproof & Dust resistant

Installing a Tail Light GPS Tracker will assure the safety of your assets at all time. The biggest benefits you’ll reap include you being able to monitor your fleet and being able to offer the best customer experience with on-time deliveries. This will reflect on your business in the form of lower insurance premiums and reduced company liability.

Asset tracking

Being able to keep an eye on your vehicle that informs other tasks is a vital aspect of a fleet manager’s job. Our Tail Light GPS Trackers will help you carry this task out with ease. 

Compliance:

It is imperative to run your truck business in compliance with the IFTA guidelines. Using electronic logging devices (ELDs) is another crucial instance of compliance involving commercial vehicles. This makes installing ELDs on the vehicles of critical importance. 

Vehicle maintenance

last, but not the least comes the maintenance of your vehicles, which includes repairs and preventative maintenance. 

Routine maintenance will allow your fleet vehicles to run at its full efficiency for a longer period of time. 

Now comes some of the fleet management practices you can/should adopt:

Create a fleet management plan

  1. Highlight fleet goals
  2. Develop proper policies
  3. Create a budget 

Purchase and fleet maintenance

  1. Choose vehicles as per your business requirements and budget
  2. Ensure routine maintenance
  3. Manage consumption of fuel and costs

Driver management

  1. Employ those with experience
  2. Offer a good amount of training
  3. Put into effect safe driving policies and procedures
  4. Keep a tab on driver performance and behavior

Fleet tracking

  1. Monitor the location, speed, route of the vehicle
  2. Optimize route planning
  3. Improve driver safety
  4. Leverage fleet management software (with telematics and GPS tracking)
  5. Ensure vehicle compliance with rules and regulations 
  6. Tracking and reporting of performance
  7. Continual development by staying updated on latest trends, fleet management policies and procedures, etc. 

Fleet management starts with using the right tools. Our fleet management solutions at ELD Mandate are what can help your trucking business reach its zenith. 

All our fleet management solutions, especially our Smart Dash-cams and Tail Light GPS Trackers are a class apart, which can radically improve your fleet’s operations. 

It’s time you implemented the aforementioned practices with ELD Mandate’s fleet management solutions in tow. To speak to one of our representatives, call ELD Mandate on 800-601-4511. We are available around-the-clock. 

About the author

astor smart

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