Does your company pay enough attention to fleet vehicle management? It’s an essential aspect of any business with a fleet, yet it often flies under the radar. Learn the basics of vehicle management and the benefits that this brings to your organization. Without it, you’re staring down the barrel of increased costs, decreased vehicle lifespan, and more customer complaints.
Our guide explains what you need to know so you can effectively manage fleet vehicles.
What is Fleet Vehicle Management?
Simply put, fleet vehicle management involves managing all motor vehicles used for work purposes by your business. This can include:
- Cars
- Delivery vans
- Trucks
- Specialist vehicles (forklifts, construction vehicles, etc…)
If your organization relies on vehicles to conduct daily activities, you need a solid business fleet management system.
The Role of Fleet Management in Business
The core aim of fleet management operations is to reduce the overall costs of maintaining your fleet and getting the most out of your vehicles and drivers. It’s about optimizing efficiency and using data to make smarter decisions regarding your fleet.
For example, you can use a vehicle fleet management system that tracks the routes of all your drivers. It can analyze where they’re perhaps losing time and plot more efficient routes to consume less fuel and experience quicker journeys. It’s all about getting as big a return on investment from your fleet as possible.
The Importance Of Company Car Fleet Management
Some business owners see vehicle management as an extra cost that can be avoided. When trying to keep to a budget, this is one of the typical elements to cut. However, fleet vehicle management has proven to be exceptionally important for organizations of all sizes.
The right vehicle fleet management services can give following benefits:
Meaningful Cost Savings
Ironically, investing in fleet management will help a business save money. The following statistics from G2 prove this:
- 45% of US fleet managers saw a positive ROI in 11 months or less with fleet management solutions.
- 55% of fleets saw a reduction in fuel costs after using vehicle management solutions
- Businesses saw a 30% reduction in total fuel costs per year thanks to route optimization services provided by a transport fleet management solution
Improvements in Vehicle Lifespan
Vehicle fleet management services are linked to improving the lifespan of all vehicles in a fleet. Using AI-powered solutions like Revvo help companies monitor key aspects of the vehicles, like the tire conditions. AI-powered solutions make it easier to spot when tires are deflated or wearing thin, identifying drivers that maintenance is necessary.
Problems like tire wear or deflation will force a vehicle to work harder and can reduce its lifespan. There are many other ways a fleet vehicle management system can aid companies in improving maintenance schedules and keeping cars, vans, or trucks in good condition for longer.
Better Fuel Consumption
Company vehicle fleet management can reduce the amount of fuel a car, van, or truck uses every day. Part of this is from noticing tire wear, which can have a profound impact on fuel consumption.
The other part is using smart solutions to find the best routes and prevent extra time being spent on journeys. Improved fuel consumption does more than save money; it reduces your carbon footprint, helping you become a greener company.
Enhanced Safety For Drivers
Company vehicle management services also make journeys safer for drivers. It’s reported that 42% of companies using fleet vehicle management systems saw a serious decline in safety incidents involving drivers since adopting the new system. Tracking software allows organizations to monitor driver habits and prevent incidents ahead of time through careful analysis.
Moreover, 87% of customers using Revvo’s TireIQ fleet management software saw improvements in safety. Noticing the early signs of tire degradation or being able to pinpoint potential tire problems can stop accidents by solving the issues before they become dangerous.
Upward Trends in Customer Satisfaction
An underrated benefit of company car fleet management is that it improves the customer experience. Implementing ways to optimize routes ensures drivers arrive on time more frequently. Customers aren’t left waiting around, so their satisfaction increases. It’s no coincidence that businesses saw a 54% improvement in customer service as a direct result of fleet tracking implementation.
Fleet Vehicle Management Essentials – What’s Included In A Vehicle Management System?
A fleet management system is comprised of many elements. As noted previously, your main goal is to optimize fleet efficiency and performance – you want to keep the costs of running your fleet as low as possible while ensuring that your team performs their jobs and complies with all regulations.
Here are some key aspects that ensure optimal fleet management success:
- Acquiring The Right Vehicles. Company vehicle management begins with a thorough assessment of the vehicles needed for your business. This helps you discover what vehicle types will be the most valuable based on their size, fuel consumption, etc. For instance, a small business may realize it’s more cost-effective to use vans rather than large trucks.
- Maintenance Tracking Software. You need a system that tracks each vehicle and logs when it’s due for servicing. This is where software like Revvo ties in; it automatically can track tire pressure, temperature, and tread levels 24/7. When these levels dip below the desired readings, the vehicle is instantly flagged for maintenance to either inflate the tires or swap them for new ones. Thus, you improve the lifespan of each vehicle, see improvements in fuel consumption, and save money on potential vehicle repairs.
- Complying With Safety Regulations. A comprehensive vehicle fleet management system needs to manage compliance with safety regulations. There must be a system in place that catalogs every vehicle and checks that it complies with the current regulations. When these change, the system can flag any vehicles that are non-compliant. You can remove them from the roads until they’re back in compliance.
- Vehicle and Driver Monitoring. One of the fundamentals of fleet vehicle management is keeping track of your vehicles and drivers. Every car, van, or truck should be equipped with GPS tracking to know precisely where it is at all times. Driver monitoring makes notes of all your drivers to ensure they’re licensed to drive their vehicles while also considering things like complaints, accidents, etc. It gives you information on which drivers are high performers and which ones may need some additional training.
- Route Planning Software. This type of software optimizes driving routes. It can look at the GPS data from your fleet and work out the best way for drivers to get from A to B. Traffic considerations are taken into account and you can use this software to plot things like the fastest routes or the routes that consume the least amount of fuel.
- Monitoring Fuel Consumption. Vehicles can be equipped with technology and sensors that track fuel consumption and see how your drivers are driving. It’s a smart way of spotting trends and providing solutions to change driving habits or figure out ways to enhance fuel efficiency.
These systems provide detailed analytics and data that businesses can use to make smarter decisions. You can identify the best ways to cut costs throughout your fleet without compromising performance.
Exploring Fleet Management Services With Revvo
Every business needs fleet management services, and Revvo is here to provide an excellent solution. Our TireIQ management platform has automated over 8 billion tire decisions with AI technology. It connects, monitors, and manages vehicle tires to improve performance, safety, and uptime on the road.
This forms a core part of your overall fleet vehicle management system, and we’ve seen up to 90% fewer grounded vehicles, a huge 10% increase in tire life, a 5% increase in fuel economy, and an 8% improvement in sustainability for clients using this software.
Want to learn more? Click here to book a free meeting with one of our experts who’ll show you a demo of the system and explain how it can support your business.
