9 Secrets to Reducing your Fleet Expenses
As a fleet owner, your day-to-day costs can quickly add up. What you don’t know is there are further hidden, expensive...
Read moreWhile every fleet faces its own set of unique challenges, most are united by a common goal – doing more for less. As customer demands evolve and costs continue to rise, it’s imperative that your business operates as efficiently as possible.
To ensure this is the case, you need a close eye on every vehicle and asset in your fleet. Everything from downtime and underutilisation to inefficient routing and excessive idling can impact your bottom line.
Modern fleet tracking technology delivers deep insight into your fleet, gathering data on on-site time and engine hours, mileage, location and much more. So you can see how hard your vehicles and equipment are working for you – and take steps to drive greater efficiency and productivity across the board.
One of the quickest and easiest ways to see how and where your fleet is working is through the live map. In just a few clicks, you can identify an asset or group of assets, check location, current status, job history and many other key metrics.
With this information to hand, you can make faster, more informed planning and resourcing decisions, and quickly relocate vehicles and equipment from areas where they are underutilised to other job sites to meet demand.
From here, you can also replay the movements of any asset and access detailed reports on everything from idling to equipment use.
When running a busy fleet, it’s often difficult to see the wood for the trees. Before long, inefficiencies such as underutilisation become an accepted part of doing business.
However, this doesn’t have to be the case. With benchmarking tools, you can compare your fleet performance in all areas of efficiency against industry standards and averages.
The Benchmarks Dashboard allows you to view a wide range of vital information, from idling time and cost of idle to fuel economy, and vehicle and equipment utilisation.
When you can clearly see how your operation compares, it’s much easier to spot inefficiencies and identify areas in need of improvement.
The Benchmark Dashboard is one of many that gives you the insight to drive fleet efficiency. With the Fleet Utilisation Dashboard, you can access information on engine hours and distance travelled to make sure your vital assets are being put to work to their full potential.
The Equipment Utilisation Dashboard also shows the utilised fleet count, giving you an at-a-glance view of the number of vehicles and pieces of equipment that have been used within a set period.
Other dashboards, such as those detailing idle time, fuel efficiency and trip history can also help you get a handle on utilisation levels across your fleet.
When we talk about fleet utilisation, we tend to think of vehicles or equipment sitting in depots gathering dust. But there are many other factors that can add to the problem and impact your bottom line.
One of the biggest is unexpected downtime. After all, it’s impossible to utilise a vehicle if it’s on the mechanic’s ramp. The good news is, fleet management technology can help you stay ahead of routine repairs and keep your assets doing what they do best.
By setting alerts based on time, mileage or engine hours, you’ll be reminded whenever servicing or part replacement is due. This helps you keep your vehicles and equipment in optimal condition, working hard for your business.
In a world of increasing expectations and shrinking margins, increasing fleet utilisation is an incredibly effective way to do more with the resources at your disposal.
By digging into your fleet data with intuitive dashboards and leveraging live location and status information, you can drive efficiency and potentially increase both profitability and ROI.
To find out how to level up utilisation of every vital asset in your fleet, read our eBook: 5 Benefits of Asset Tracking for Your Business.
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