Leading organizations are looking to improve their vehicle management practices to not only cut costs but also to improve service delivery and customer satisfaction. In the fleet management business, effective the management of vehicles has a tangible impact on profitability, thereby assuming significance. In such a scenario, an optimal fleet management solution that meets the organizations current requirements, easily adapts to its unique business environment, and is flexible to evolve as the business requirements change is essential.
The primary objective of Fleet Management is to control the overall cost of operating and maintaining the fleet of vehicles and equipment. This includes maintaining vehicles and equipment in a manner that extends their useful life, control the growth in fleet size standardize the fleet composition, and accurately budget maintenance and replacement costs. A successful deployment of Fleet Management Solutions (FMS) can have a significant positive impact on the functioning of the business. Important benefits that can be achieved through a successful FMS deployment include:
- 28% improvement in operator compliance
- 13% improvement in vehicle utilization
- 11% reduction in maintenance costs
- 26% improvement in regulatory compliance
- 23% increase in warranty recovery
- 15% decrease in vehicle downtime
- 15% reduction in average travel time windshield time per job
FMS Features and Functionalities
FMS helps in:
- Tracking vehicle movements throughout the day
- Capturing stop times and duration, and re-estimating time of arrival at next location
- Alerting dispatchers to potentially late or missed deliveries
- Monitoring engine idling and performance of other major vehicle systems
- Identifying instances of harsh braking, speeding, and other unsafe driving practices
Types of Fleet Management Solutions - Passive, Real time and Hybrid solutions
Fleet management can be mainly categorised as 'real time' or 'passive'. Both these solutions provide the organisation with details pertaining to vehicle speed, direction, stops, routes, location, vehicle speed, direction, fuel consumption, etc. Real-time fleet management is the most popular form of GPS tracking as it updates the manager (organisation) about the status of their fleet at that given point of time or as it happens. Most real-time FMS solutions provide real-time updates through SMS, emails and so on.
Passive tracking provides the organisation with an update at the end of a working day. In this, a GPS recorder is fitted to all vehicles in the fleet. It records all the relevant data and is downloaded to a main terminal at the end of each working day. Though passive tracking does not provide real-time information, it helps an organisation collect and subsequently analyse the data, thereby helping in increasing the efficiency using data built up over time.
Hybrid solutions combine both active and passive systems for organizations that want the advanced information management available from passive solutions in addition to the ability to locate a vehicle instantly. These systems are definitely more cost-effective as there is the choice of polling location data at longer intervals, thus cutting the airtime costs and at the same time providing access to detailed location data when the data is uploaded, on return, in the base station.
Challenges with FMS
Some of the challenges with FMS include:
- Having an active GPS system
- Providing real-time updates
- Developing low power devices and user friendly interfaces
- Providing up-to-date map data at desired scale with desired accuracy
- Developing stand-by back-up during absence of communication network
- Developing ergonomic location of unit in fleet for effective use
- Providing pre-defined keys for sending messages from mobile unit
- Developing interfaces to support local language
- Packaging intelligence in units using historical data
Latest Technology Trends and Offerings in Fleet Management
Several trends are emerging in the fleet management segment and some of the key ones deal with socio economic issues such as environmental impact, and changing customer preferences, culminating in providing various value added services. The technology trends include telematics, automated data collection, and security and control, and many service providers are already including them in their offerings.
Conclusion
The savings, in terms of time and money, make fleet management a necessity for any company that wishes to run more effectively. Today, fleet managers need to operate at a strategic level, as well as be equipped to handle day to day functions. For this, they need to leverage available technology efficiently.
ConnectMs Fleet Management Solution enables management of fleets of Passenger & Commercial Vehicles. Some of the benefits of this include:
- Efficiency enhancement
- Complete transparency of operations
- Driver Behavior
- Fuel Consumption Management
- Reliable data linked to customer billing system
- Safety & security of fleet
- Real-time fleet tracking