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The Explanation about Fleet Management Market

If you have more than two Company vehicles, you have a fleet. Like all business elements, fleets need managing, which may include a broad variety of duties including automobile financing, maintenance, monitoring and diagnostics, driver management, fuel, and health and safety management. Fleet management reduces the risks associated with vehicle investment, improving efficiency, productivity and ensuring overall transport costs are kept to a minimum. They are either addressed by a dedicated in-house fleet management department or outsourced to a fleet management provider.

Among the most fundamental Elements in fleet management is vehicle monitoring. Modern technology in the form of GPS monitoring devices has made monitoring and diagnostics far more efficient and simpler, resulting in much more efficient fleet management in general. Vehicle trackers let a fleet supervisor to know exactly where each vehicle in the fleet is at any given time and provides them the chance to plan the most effective routes and reduce waiting time for clients. Vehicle monitoring also introduces security and crime prevention components by enabling a silent alarm to be triggered if the car is stolen or involved in an incident. This is very important when the fleet operates in more remote locations and can indicate a much more rapid response to a crisis system. The introduction of ‘Low-Jacking’ technology also means that if a car is stolen, the motor can be disabled remotely from the fleet manager and the Police can be made to the specific location of the car. This reduces recovery time for stolen vehicles and for that reason the costs related to vehicle theft.

Tracking systems can also provide fleet managers with crucial data for mechanical diagnostics such as mileage and fuel consumption, speed and direction. This allows fleet market managers to develop a profile of the actions of the driver and vehicle and whether the driver is persistently speeding, by way of instance, the fleet manager can then implement actions to decrease this behavior. Speeding uses up fuel and by tracking the average rate of the car, bigger fleets can make substantial savings in their yearly fuel bill. Additionally, it presents a far greater picture of the company to the general public, especially if your fleet consists of sign-written vehicles or conveys the business’s logo.

One very important part of Fleet management is responsibility of care. In April 2008, the UK’s Corporate Manslaughter Act was strengthened to target company directors in addition to their drivers where road accidents that led to deaths were due to fleet vehicles. The Police now take care of each road death as an ‘unlawful killing’ and are determined to bring prosecutions against business managers who do not provide clear policies and guidance for employees who drive on company business.

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