Technology has transformed fleet management, changing it from a burden to an opportunity. Fleet management, which includes vehicle tracking solutions, is the monitoring and operation of any commercial vehicles through each vehicle's life cycle, including not only trucks, vans, cars, motorcycles, trailers and forklifts but also the equipment used with and for those vehicles.
Vehicle tracking solutions are a subset of overall fleet management, but it's more than just tracking. Beyond monitoring the vehicles' location, fleet tracking is also a direct form of risk management—risk to your drivers, equipment and to your company's reputation.
Advancements in fleet management have elevated the fleet manager's role within organizations because fleets have become an opportunity for cost optimization and a source of greater revenue, as well as an important part of risk management and regulatory compliance.