Fleet managers share many frustrations and objectives. However, while you might have common goals like increasing operational efficiency or reducing risk, the right way of achieving these objectives will be different for every organisation. This is because every business is different, which means you won't be able to find a 'one size fits all' solution to overcome your challenges.
You need solutions configured to your specific requirements. A data-driven approach to fleet management allows you to understand exactly how your business operates on every level and identify areas where you can deliver improvement. You can (and should) look at the metrics that matter most to your business regardless of the size of your company, the industry you're in or the structure of your workforce. Customised reporting of analytics data will ultimately drive greater fleet efficiency and success for your business. Here are three ways it can help:
Overcome your challenges
Every organisation faces problems and challenges. How you deal with them has a huge influence on future success. These challenges vary wildly from one industry to the next. For example, every business operating a fleet is striving to achieve greater efficiency but the focus can be very different. If you're running a construction fleet, you might decide to focus on idle time to improve efficiency. If you're managing a fleet of electricians, however, you may try and minimise time spent on the road so they're spending more time on site. No matter what the issue is, data analytics will help you overcome it by understanding the use of every vehicle and the performance of every driver.
Achieve your goals
Analytics can be configured to track your key performance indicators and create bespoke reports on the metrics you're most interested in. While minimising costs is a common goal, analytics will help you identify target areas so you can make the necessary changes. You might realise you can reduce fuel consumption after identifying a problem with harsh braking or drivers exceeding maximum speed. Alternatively, you might find a significant number of vehicles are underutilised while you're wasting money on hiring extra capacity. Whatever your main objectives are, analytics provides the visibility you need to identify exactly why you're missing the mark and how you can improve.
Evolve your business
Your needs change as your business grows. This means you need flexible tools that can be customised to meet changing requirements. Analytics will help you identify and respond to these changes. For example, a larger fleet is more complex to manage but also has the potential to make your business more agile if managed effectively. Analytics will help you plan your fleet expansion in line with the needs of your business. No matter how your fleet changes, you need a tool that can be adjusted for every different stage of your business growth.
The beauty of analytics is that it's completely customisable, so you can track and report on the metrics that matter most to your business at any given time. It's important to remember that no two businesses will have exactly the same processes, issues or goals. Yet a data-driven approach equips you to tackle any challenge or opportunity that comes your way.