The IoT Fleet Management software is the new way of business. Not only is it transforming fleet management, but suggesting innovative ways for cost-saving opportunities for logistics, transportation, and delivery operations. When you embed your vehicles with these advanced and efficient sensors and telematics, you can achieve new levels of efficiency, safety, and profitability for your business. For decades, fleet management has been dependent on manual work and assumptions. Things have gone perished, delivery has been delayed, and profit margins have turned to be a disaster in the past. But, not now, as things are changing with such tech in logistics!
Let’s SpincLabs show you how IoT fleet management software can help you slash down the costs!
Way 1. Fuel Monitoring
Can you control erratic behaviour such as harsh braking, overspeeding and rash driving, etc., of your driver? Seems an impossible thing to do? No, it’s possible these days through advanced IoT fleet management software which are capable of tracking all kinds of driver behaviour. Since aggressive acceleration, rash driving, harsh braking, overspeeding, and excessive idling (the most common kind of driver behaviour) lead to fuel wastage, businesses end up losing profits. Through an intelligent fleet management system, you can keep track of every driver behaviour.
What Does it Do?
It includes advanced GPS and telematics systems that are connected directly to the vehicle’s ECU. This provides all the data about your fleet such as fuel consumption, speed, RPMs, and idling time. It stores historical data and provides you with detailed reports on each driver behaviour.
How Does it Cut Costs?
| Feature | Description | Benefit |
| Driver Behaviour Tracking Through Telematics | Keep track of aggressive acceleration, rash driving, harsh braking over speeding, and excessive idling; generates driver scorecards (helps them to improve) | Lowers fuel wastage, improves fleet’s assets and lowers the maintenance costs |
| Idling Waste Elimination | Flags vehicle’s idling time beyond preset duration, notifies excessive idling time | Negates unnecessary fuel usage, cost savings annually |
| Route optimization | Advanced GPS shows real-time traffic data, weather conditions etc., so, you can plan alternative ways | Reduces fuel burn, mileage and operational costs |
Way 2. Through Predictive Maintenance
A lot of businesses are still relying on a reactive kind of maintenance, which means fix it when it breaks. This kind of reactive repairs or maintenance involves costly towing, unplanned downtime, and collateral damage for your fleet. On the other hand, an advanced fleet management system is capable of predictive maintenance, which means fixing it on schedule. It keeps track of every aspect of your vehicle through its advanced sensors, and if it notices issues with your vehicle, it sends you notifications and generates data about vehicle health. This kind of prevention extends vehicle lifespans and keeps your maintenance costs in check.
What Does it Do?
IoT sensors in fleet management system monitor the health of every aspect of your vehicle in real-time and use advanced algorithms. This includes engine temperature, battery voltage, oil pressure, tire pressure (TPMS), and diagnostic trouble codes (DTCs).
How Does it Cut Costs?
| Feature | Description | Benefit |
| Predictive Alerts and Notifications | Analyzes data to predict future vehicle failures before they even happen, hence, schedules maintenance in advance | Avoids costly emergency repairs and negates downtime by scheduling planned maintenance |
| Condition-based Maintenance | Analyzes engine hours, load and its condition to optimize service timing, extends vehicle lifespan | Reduces material and labour costs as it avoids unnecessary servicing, prolongs vehicle parts’ lifespan |
| Reduced Catastrophy | IoT detects every major to minor issues such as low tire pressure and prevents the possibilities of mishaps | Prevents expensive parts or engine failures and dangerous incidents, lowers liability costs |
Way 3. Enhances Driver & Fleet Safety
Fewer accidents mean fewer repairs. When your fleet remains in optimal condition, it lowers the downtime and enhances driver safety as well. Since it keeps an eye on every driver behaviour, it makes sure that they adhere to safety protocols. Also, you get continuous real-time alerts and post-trip analytics, which help you to identify risky behaviours and enable targeted training. This feature not only reduces accident rates but also improves safety.
What Does it Do?
It includes accelerometers, gyroscopes and AI-powered dash cameras that provide you with continuous real-time alerts and post-trip analytics and improve driver and fleet safety.
How Does it Cut Costs?
| Feature | Description | Benefit |
| Reduced Accident Frequency | Real-time alerts to warn drivers of speeding, lane departures and provide immediate feedback to correct risky behaviour | Decreases accident rates, improves safety, lowers repair costs |
| Driver Remittal | Video telematics provides evidence in accidents, proving the driver’s innocence and protects the company from liability claims and litigation | Saves the company from costly legal battles |
Way 4. Automating Compliance
For your business to prosper and flourish, your operations must abide by industry norms and regulations. However, navigating through the regulations, from Hours of Service (HOS) to food safety standards, is a major administrative isn’t easy, and it comes with the burden of heavy fines. Automation through IoT fleet management software can transform compliance, which means your operations will be more streamlined, error-free, time-efficient and eliminate the possibilities of huge fines by adhering to compliance.
What Does it Do?
It includes Electronic Logging Devices (ELDs), digital vehicle inspection reports (DVIRs), and temperature sensors to maintain the temperature of perishable goods under the permitted grounds. These features ensure compliance with mandatory regulations.
How Does it Cut Costs?
| Feature | Description | Benefit |
| Automated HOS logging | ELDs record driving time, no manual errors | Better compliance, negates fines and saves cost |
| Cold Chain Integrity | IoT sensors monitor cargo temperature in real-time | Prevents spoilage, avoids losses |
| Digitized Inspections | Drivers complete pre and post-trip checks, defects are instantly reported | Faster repairs, full audit trail and improved safety |
Way 5. Improves Asset and Cargo Management
IoT fleet management solutions are way different and efficient than traditional fleet management. Can you manage the temperature of your traditional fleet? No, it lacks in many such ways as monitoring temperature. Advanced fleet management is not only capable of temperature monitoring for perishable goods but also alerts you to even minor changes in temperature. It gives you instant alert when there are deviations from planned routes. This way it ensures that your goods are delivered safely, on time, and arrive in optimal condition. Hence, it enhances customer satisfaction and reduces waste.
What Does it Do?
IoT sensors in an intelligent fleet management system help you monitor cargo conditions (such as temperature for perishables), track asset usage, and provide alerts for an unauthorized access.
How Does it Cut Costs?
| Feature | Description | Benefit |
| Real-time Temperature Monitoring | Advanced temperature monitoring for perishable goods and keeps it in control | Better compliance, no wastage, saves losses |
Way 6. Streamlines Operations
These intelligent fleet management system is able to track whether a vehicle is sitting idle or being used inefficiently. IoT provides visibility and streamlines operations through intelligent automation. Better utilization means doing more work with fewer assets, directly impacting capital investment and fixed operational costs.
What Does it Do?
It includes integrated mobile apps, digital forms, has route management tools and can be accessed remotely for ease of operations.
How Does it Cut Costs?
| Feature | Description | Benefit |
| Digital Proof of Delivery | Workflows are digitized, capture signatures and pictures of delivered goods on tablet | Higher visibility, shortens the billing cycle |
| Automated HOS and DVIRs | No manual paperwork for logging hours, digitized vehicle inspection reports | Saves time and streamlines operations |
| Improved Job Management | New jobs or route changes can be sent directly to drivers on the digital device, eliminating time-consuming manual communication | Improves time efficiency, improves workflows |
Way 7. Prevention of Theft and Loss
IoT fleet management software includes advanced tech such as geo-fencing, real-time location tracking, and remote immobilization, which provide protection against theft and unauthorized use. Even if a vehicle deviates from its designated route or enters a restricted area, you will be able to get instant alerts. Enhanced security features of fleet management software ensure that your fleets remain productive and safe.
What Does it Do?
It provides you with real-time tracking, geofencing, and can be accessed remotely, which means you can keep track of every aspect. Hence, it negates the risk of unauthorized use.
How Does it Cut Costs?
| Feature | Description | Benefit |
| Asset Recovery | GPS trackers provide real-time vehicle location of your fleet/cargo | Location data helps in recovery of assets |
| Cargo Security | Sensors instantly alert you of unauthorized entry | Prevents cargo thefts and tampering |
IoT Fleet Management Software is The Future!
Upgrading your business is important. An Intelligent Fleet Management or IoT fleet management software such as SpincLabs, is the necessity of the hour as well as for your business. Not only does it help you cut fuel costs, reduce all your hassles, and help you grow your business. Through such intelligent fleet management solutions, you get the data-driven unified view of all your fleet aspects, which helps you to take control of your business. Still finding hard to track a vehicle tracking system company in Mumbai or looking for fleet management services in Mumbai? Let SpincLabs help you!
