With change in technology comes industry-focussed high-tech customized solutions to automate one or another process. Logistics & supply chain is one of the biggest industries in India valued at $160 billion and is expected to grow at the CAGR of 10% to $215 billion in the next coming year. WIth 2022 around the corner, logistics businesses are looking out for new strategies to innovate & engage with their clients.
With adoption of fleet management solutions half of the logistics companies are already one step ahead of others in the industry. With automation of the logistics industry, businesses are able to take data-driven decisions to plan the overall business strategy while focusing on improving the customer experience & satisfaction. If you are into the logistics industry and still deciding upon getting a fleet management software, then 2022 is the right time to invest in one.
What is Fleet Management Software?
Fleet management software gives fleet managers & other stakeholders 360 degree view of en-route fleets & immobile vehicles. Fleet management solutions cut down the manual coordination process and provide real-time location of fleets and driver activities.
What are top fleet management features?
With the availability of many fleet management systems in the market, it is difficult to select the best GPS tracking systems for your business. Here are some important fleet management features to consider when choosing a fleet management software for your business.
GPS Tracking System
The implementation of electronic logging devices (ELDs) has given rise to fleet market size and is expected to reach $34,629 million by 2022, growing at a CAGR of 24.5%. ELDs help fleet managers to access real-time location & movement of their fleet. Advanced telematic solutions bridge the communication gap between drivers and fleet managers. A typical GPS tracking system helps fleet managers to minimize fuel cost, increase on-time delivery rate and decrease downtime.
With the advancement of technology, top GPS fleet tracking companies are bringing in new modules that will help fleet owners to monitor driver’s health and other activities in-real time.
Route Planning & Optimization
In addition to tracking the movement of a fleet, these high-tech products provide detailed information on route planning that helps fleet managers to monitor driver’s route and anticipate loading & unloading time. With the use of fleet management systems, fleet managers can monitor time spent on a specific job that will further help in planning & distribution of fleets efficiently.
Exception management
The top most priority for any fleet company is the safety of their driver workforce. As per Crime India Report 2020 1.2 lakh people died in road accidents owing to high speed and negligence in driving. Due to high risk involved in the industry, it is even more important to integrate fleet management systems.
Fleet management system automates the process of en-route issue escalation. As compared to telephonic escalation fleet management software increases stakeholders response rate by 80%.
This further helps in increasing on-time deliveries and improving customer satisfaction.
Fleet Maintenance
A typical fleet management software tracks the performance of a fleet and alerts if it needs any kind of technical support. This fleet focused software analysis vehicle’s downtime due to breakdowns, jumpstarts, tows and emergency repairs.
This kind of maintenance can help in improving overall operational efficiency and reduces cost & time at the same time.
Top 5 Fleet Management Software to invest in 2022
Fretron
Founded by IIT and ISB graduates with 25+ years of experience in logistics & technology industry, Fretron is India’s #1 comprehensive SaaS based transport management software and aims to bring a 360 degree view of orders and shipments to elevate delivery commitment of mid- sized & large scale logistics companies.
With ease of integration, Fretron’s high-tech solutions automates your end-to-end supply chain workflow from order planning to final bill & invoice settlement all at one place. Fretron’s control tower gives 360 degree access to your en-route shipments and helps in improving real-time round the clock visibility and decreases shipment delays & non-compliance by identifying en-route bottlenecks.
Top Features;
- 24×7 shipment tracking via GPS, mobile sim and app
- Live monitoring & forecasting of ETA, intermediate hub and final destination
- Instant SLA alerts and Notifications
- Instant EPOD Validation
- All in one control tower for tracking & tracing
- Instant issue escalation by driver
- Access to real-time reports
Advantages:
- Desktop and mobile accessibility
- Easy integration with custom APIs and Webhooks
- Highly responsive customer support
- Built on cloud technology and does not store any data offline
- Customizable as per your needs
- Easy to use with multiple customizable access control based on your preference
Fleetx
With the use of AI and IoT, Fleetx is on a mission to revolutionize the logistics ecosystem in India. Founded by top-notch industry experts, Fleetx provide everything from vehicle tracking system to electronic POD. Apart from monitoring real-time location of a fleet, Fleetx analyzes driver behaviour by leveraging AI based models and helps in deciding actionable insights.
Top Features:
- Sim-based Tracking
- Electronic POD
- Analytics on Driver and Vehicle’s performance
- Cargo theft alerts
- Instant alerts on granular information such as delays, overspeeding, geofences & so on.
- Access to real-time reports
Advantages:
- Easy to use
- Data Security
- Offers learning prospects
Loconav
With its advanced technological solutions, Loconav is on a mission to build the largest network of connected commercial vehicles on the planet. Loconav telematic solutions offers everything from real-time fleet tracking to automatic fleet lock and helps in increasing overall efficiency of a driver and fleet.
Top Features:
- Automatic Fleet lock
- Real-time alerts on overspeeding & vehicle maintenance
- Get detailed analytical report about your fleet’s performance
- Real-time GPS tracking
Advantages:
- 24×7 customer support
- On-ground installation
- 15+ languages supported
- 2G to 5G++ regional telecom network support
Trackobit
Trackobit- Track every bit is recognized as the fastest growing telematic software based out in India. Trackobit’s white label GPS tracking solutions offers 24×7 live monitoring of vehicles and takes charge of your entire fleet performance.
Top Features:
- 24×7 GPS & sim-based tracking
- Access to detailed reports
- Geofence Notifications
- Fuel Monitoring System
- Lock/unlock vehicles anytime & anywhere
Advantages:
- White Label Services
- Support third party integration
Lozics
Lozics is a new-age software that is on a mission to boost the changing market demand and drive business growth of companies and customers. Lozics not only empowers logistics managers with 24×7 visibility of their fleets but also lets fleet owners take charge of their tyres with unique serial numbers.
Top Features:
- Fleet Maintenance
- Fuel & Tyre management
- Live GPS Tracking
Advantages:
- Easily customizable
- Supports web & mobile
Why should you invest in Fleet Management Software in 2022
The year 2020 brought in a new revolution with the change in our existing working style. The impact of global restrictions on the logistics industry was tremendous. The year assessed the supply chain resilience and yielded a way for technological advancements. The year demanded transparency & visibility in the supply chain workflow that brought a new approach towards truck monitoring software. Though prior to covid19, automation of logistics and supply chain operations by top-notch industry leaders was setting up the trend for the overall industry but the 2020 pandemic asked for immediate action!
The year witnessed the adoption & popularity of cloud technologies with a compound annual growth of 19.1% which is expected to grow at $1251.09 billion by the year 2028. As per a recent research by Gartner, 80% B2B sales will be done digitally by 2025. In continuation to the same research, it is estimated that in the B2B setup customers will spend only 5% of their time engaging with the direct person or involving themselves with in-person meetings. Giving direct power in the hand of a customer will help companies stand out from the crowd.
Wrapping Up
Undoubtedly fleet management software has come a long way in overcoming the age-old challenges faced by logistics & supply chain providers. It’s a win-win situation for companies to invest in the different types of fleet management software in the upcoming year. Before investing, it’s important to understand the technical aspects of software that fleet managers are considering so that it aligns well with your business requirements and model.
Author Bio: Rupinder Kaur works as SEO Lead and passionate writer. She is currently all in works writing about cloud computing, blockchain, AI, cloud accounting, software, cybersecurity, technology and trends in accounting and tax.
