What you need to know about asset tracking IoT solutions in logistics?
Asset tracking IoT solutions help to track business assets in real time through a cloud system or a device to ensure better productivity and safety. This could include the monitoring of stock, machinery, vehicles and even employees. However, asset tracking in logistics is focused on monitoring vehicles. According to a research conducted by Verizon Connect, almost 72% of fleets employed fleet monitoring technology in 2020, up from 64% in 2019. IoT GPS tracking devices have become the ideal solution to track commercial vehicles in real-time.
Why are IoT based vehicle tracking systems essential for transportation?
Industries across the globe require real-time visibility of their everyday operations in order to ensure a seamless workflow and desired output. However, logistics is arguably the industry that requires more visibility compared to other businesses as a significant part of its operations involves dispatching trucks away from their premises. Therefore, IoT based vehicle tracking systems become essential for transportation and logistics. It helps to keep track of the fleet and enhance productivity while also reducing operational costs.
4 benefits of IoT GPS tracking devices in transportation and logistics?
- Reduce operational costs: IoT GPS tracking devices help logistics owners and fleet managers to reduce operational costs in terms of fuel expenditures and insurance premiums while also reducing vehicle downtime due to maintenance issues.
- Improve route planning: The timely delivery of goods is crucial for logistics as some shipments may include perishable items or fragile products that need to be handled with both speed and safety. In such a case, you can utilize the benefits of IoT tracking devices which includes route planning to avoid long or dangerous routes.
- Analyze driving patterns: Productivity and safety often depends on the driving patterns like overspeeding, idling and other behaviors over time. An asset tracking IoT solution helps to monitor speed and other metrics to provide an insight into driving patterns.
How to choose the best IoT GPS tracker for your commercial vehicles?
There are a number of GPS features to monitor the fleet and it is important to choose a comprehensive device. A reliable IoT GPS tracker should include connectivity even in remote locations for precise tracking, speed alerts, fuel monitoring, geofencing, engine on/off alerts along with detailed reports to track performance.
AxleGps is the best IoT GPS tracking device as it provides instant notifications on current location, speed, fuel consumption and engine on/off alerts. Moreover, you can access the 24 hour fleet history with insights on location, distance traveled and driving patterns through a mobile app.
Let’s Wrap Up!
The logistics industry requires complete visibility for seamless operations and an asset tracking IoT solution is necessary to monitor commercial vehicles. An IoT based vehicle tracking system helps to reduce operational costs, improve route planning and analyze driving patterns. IoT GPS tracking devices like AxleGPS provide instant alerts and reports to track fleet performance while also ensuring productivity and safety.
Axlerate is a unified platform for Logistics and transport management, payments and services. Our solutions help to simplify tolls, fuel purchases, fleet expenses, loans, insurance, escrow, payments, truck booking, fleet management and the buying and selling of logistics products and services.