Together, telematics, Big Data and modern analytical tools are revolutionizing the way fleets obtain meaningful intelligence from their vehicles. This technology allows fleet managers to gain deeper insight into operational challenges in near real-time, uncovering efficiency gaps and problem areas that if left unchecked can quickly cripple a fleet. And in many ways, telematics is the engine that drives productivity.
Monitor & Manage Downtime
The hard costs associated with downtime – parts, labor, towing, etc. – are easily quantifiable but the soft costs, such as lost productivity, present a greater challenge and can have a significant impact on a fleet’s efficiency.
For years, fleets had to assess downtime by relying on relatively arbitrary milestones that typically do not account for the time the vehicle sits idle waiting to be evaluated or picked-up by the driver once repairs have been completed.
Today, telematics technology combined with an effective data analytics strategy can help fleet managers proactively address downtime. Rather than waiting to receive information from the driver or repair facility, a fleet manager can opt to receive a notification in real time the moment a GPS-enabled vehicle crosses the property line of a repair facility or when the vehicle has been down for maintenance past a certain timeframe.
Successful downtime tracking through the use of telematics gives fleet managers visibility to every vehicle awaiting repair. This transparency provides fleet managers the ability to expedite repairs when necessary or look into unexpected delays so drivers can get back on the road faster and continue generating revenue for the company.
Additional Benefits of Telematics
In addition to monitoring and proactively managing downtime, the use of telematics offers several additional benefits that can also significantly improve a fleet’s productivity.
Advances in routing technology now help drivers efficiently get from point A to point B while also accounting for variables such as road conditions or traffic delays. Quicker, more efficient navigation not only minimizes travel time but also delivers additional benefits such as a reduction in fuel consumption and less wear and tear on the vehicle.
In addition to showing fleet managers where a vehicle is headed and when it has arrived, telematics can also show whether or not the driver was driving safely along the way. Most telematics devices offer the capability to monitor for high-risk driving behaviors such as harsh braking or aggressive acceleration. This data combined with an extensive safety program can quickly identify opportunities for improvement and in turn, minimize risk exposure.
Now more than ever before, a strategic approach to telematics integrated with a comprehensive data analytics program offers the potential to optimize a fleet’s productivity and lower overall day-to-day operating costs. To learn more about more about improving efficiency, download ARI’s free whitepaper Managing Downtime & Driver Productivity or read the latest blog from Executive Vice President and COO Bob White.