How fleet management helps businesses improve productivity

Enhancing productivity is crucial for fleet-based businesses. Streamlining daily processes boosts efficiency, improved operations, and safe workspaces - directly enhancing profitability and competitiveness.

The Organization for Economic Cooperation and Development (OECD) notes that productivity slowdown in the past decade has raised concerns about long-term economic prospects. However, new research by the organization shows that policy reforms can boost innovation and optimize human talent, leading to higher and more inclusive productivity growth for businesses. ¹

In this “work smarter, not harder” approach, implementing advanced technologies is crucial if a company wants to remain competitive. The OECD believes that productivity, driven by innovation and knowledge-based capital, will be the main driver of economic growth and well-being over the next 50 years. ²  

This is why advanced fleet management technologies are essential. They enhance business productivity by enabling smart, safe work through continuous innovation, offering robust and user-friendly solutions. This technology provides near real-time insights into fuel consumption, driver behaviour, vehicle locations, team movements, idling periods, driving times, stops, and more, enabling you to streamline operations and maximise daily business productivity.

This can distinguish a profitable, competitive business from one that fails to unlock its team’s and company's potential due to a lack of innovative technologies.

Here are two ways that fleet management technology helps improve your business’ productivity: 

1. Promotes a safe workplace for your employees and your business

Employers are obligated to ensure the safety of all employees. Technologies like fleet management can be crucial allies in maintaining a safe workplace by monitoring fleet operations in near real-time, identifying emergencies, and providing assistance or help when required.

Fleet management can also optimize routes to ensure the safest and quickest paths for the team, reducing accident risks. By planning ahead, your team can focus on their tasks, and any route changes, like road congestion, can be quickly communicated to mitigate risks.

According to the International Labor Organization (ILO), promoting a positive OSH (occupational safety and health) culture in the workplace significantly reduces work-related accidents and diseases, and improves workers’ well-being and morale. Healthier and happier workers will, in turn, contribute to improved business productivity, quality, and profitability.³

Promoting a safety culture involves favoring safe and efficient driving, completing preventive vehicle maintenance, and choosing safe routes. This fosters a safe workplace where employees can perform their duties under  safe conditions.

2. Unlocks your employees’ full potential

A new approach is needed to enhance employee productivity. The OECD states that productivity should be boosted for each employee individually so that everyone has the opportunity to realize their full productive potential.⁴

Advanced technologies can greatly support your employees in their daily tasks. By using the technology, fleet managers can schedule work hours, assess team location, identify which teams are the most efficient, and assign tasks accordingly. 

The software lets you monitor operations remotely and support your team when needed. Even if everything is running smoothly, there is always room for improvement. Valuing your team’s and each employee’s work is a crucial part of a company’s culture.

Communicate clearly which employees use fuel efficiently, drive safely, and avoid speeding, harsh acceleration, and idling. 

Talking with them about their individual performance lets them know how they are performing, but also how they can improve.If you provide them with the resources they need to improve, you can help them realize their full potential. Technology is a smart way to help you achieve this.

Find out more about how fleet management technology can help improve your team’s productivity and help your business. Talk to a Verizon Connect consultant today to learn more. 

Sources: 

• (1) https://web-archive.oecd.org/2015-07-07/367354-reactivar-la-productividad-para-incrementar-el-crecimiento-y-el-bienestar.htm
• (2) https://www.oecd.org/social/productivity-equality-nexus.htm/1000 
• (3) https://webapps.ilo.org/wcmsp5/groups/public/---ed_protect/---protrav/---safework/documents/publication/wcms_842505.pdf 
• (4)  https://www.oecd.org/social/productivity-equality-nexus.htm/1000

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