How Smart Video Fuels Smart Business
Learn how video solutions with intelligent analysis capabilities can help benefit your drivers and enhance safety programs.
Read moreBusinesses in the construction industry face daily challenges like tight project deadlines, safety concerns, and productivity pressures in a very unique way compared to other industries. Due to the nature of their work, the consequences of failing to tackle these challenges can be much more impactful on the business. With the right tools and focus, however, construction contractors can improve fleet utilization and become more productive and efficient.
Changes in project scope or schedule can set your team behind, though often they can be unavoidable.1 By better managing what is under their control, construction contractors can help offset these disruptions to deliver improved service and save money. Fleet tracking and asset management solutions are the answer to improving utilization and becoming more productive. With GPS-powered fleet tracking and asset management, construction contractors can:
With stronger utilization strategies in place, construction contractors can have better visibility into where their assets are at all times, how they’re being used, and where there are gaps in productivity that need to be addressed.
Fleet utilization all comes down to efficiency: cutting costs, saving money, and streamlining operations. Keeping track of your fleet assets from both a safety and utilization perspective requires plenty of insight and data on your individual assets, which can be hard to uncover. Implementing a strategic utilization tracking program requires a proactive approach to technology. First, your team must identify any key metrics that will help track utilization. While these are different for every construction team, common ones include miles traveled, after-hours asset use, and on-site time vs. idle time. These metrics will form the base of your ongoing utilization strategy.
Next, contractors must have visibility into maintenance and asset service. If a piece of equipment is out of commission, it could mean wasted time on a job site waiting for a new one to arrive. It could also result in this piece of equipment being stolen from a holding lot because it was sitting idle so long.
And finally, contractors must also be able to accurately plan equipment routes to and from job sites. At Kimball Construction, leaders needed insight into where vehicles were going and how safely they were getting there. By visualizing vehicle routes and utilization in a full-service GPS tracking dashboard, Kimball Construction was able to save money on fuel as well as deliver better customer service and attention.
With the right utilization strategy in place, your team will be able to not only streamline operations but also have improved awareness of equipment safety and asset allocation. Knowing where every single construction asset is at every minute, both on and off site, keeps your team on a more productive schedule and can save your firm precious time and money. These insights, however, only come with the right technology, which is why GPS tracking is so important.
Now that you know why fleet tracking and utilization is so important for today’s construction companies, it’s time to look at how to find the right GPS tracking solution for your business. If turning to technology to help mitigate risks sounds like a challenge, remember that the industry as a whole is becoming more technologically advanced and that construction teams will have to adapt to be able to survive in the modern construction landscape.
In fact, 54% of construction companies3 have some sort of research team dedicated to finding and implementing new technology. Knowing what you’re trying to achieve and how this technology will benefit your team makes it easier to go through the buying process. As you’re looking for a GPS tracking solution, keep the following steps in mind:
With global construction costs expected to rise by more than 4% in 20194, now is the time to implement an aggressive fleet tracking strategy to save time and money in the long-term. From better managing internal team logistics and utilization to keeping construction assets safe, GPS tracking from Verizon Connect can help your business run more efficiently. Because heavy equipment assets are a significant business investment, construction companies can have the assurance they need that these assets are being used responsibly and economically.
Sources
1 https://www.intergraph.com/assets/global/documents/SPC_LaborFactors_WhitePaper.pdf
2 Verizon Connect, 5 Steps to Improving Government Fleet Utilization (https://www.verizonconnect.com/resources/ebook/5-steps-to-a-better-return-on-fleet-assets)
3 https://jbknowledge.com/2018-construction-technology-report-survey
4 http://www.turnerandtownsend.com/en/insights/international-construction-market-survey-2018/
Tags: Cost control, Data & Analytics, Dispatching & Scheduling, Fleet utilization, Fuel cost management, Productivity & Efficiency, Revenue & ROI, Team Management, Vehicle Maintenance
Find out how our platform gives you the visibility you need to get more done.
Learn how video solutions with intelligent analysis capabilities can help benefit your drivers and enhance safety programs.
Read moreAre you ready for vehicle tracking? Go through our checklist to learn the signs you’re ready to add fleet tracking to...
Read moreTechnology adoption helps fleets navigate operational obstacles. Learn what fleet management industry technology trends...
Read moreLearn how telematics can lead to operational improvements.
Read more