Essential Features of Fleet Management Software

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Essential Features of Fleet Management Software
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
drivers 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 drivers behavior their
retention Another fascinating feature that fleet
management software offers is measuring a
drivers behavior. What it means to analyze a
drivers 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.
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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, its 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
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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.