Fleet management can feel like a balancing act with an ever-changing mix of operation costs, time constraints, locations, and driver preferences. The puzzle becomes more complex everyday.
Proper fleet management requires precision, vigilance, and continuous analysis of your business model to stay on top of any changes. With so many variables in limbo, it’s empowering to have the right tools to inform business decisions.
So, how do you adjust asset mix, minimize costs, and drive profitability all at the same time?
Fleet management software is the end-all-be-all to achieving better results in less time. With the ability to understand resource needs based on average or forecasted volume, you can minimize your costs efficiently. Dedicated carriers use bidding and fleet optimization software. Final-mile fleets employ a diverse network of trucks and equipment.
When it comes down to making informed operational and asset management decisions, you need a scalable solution that leaves room to grow. This will give you the ability to log and manage your data efficiently, so you can draw on the data-related insights when making any decisions.
Use data-based benchmarks to gauge how your decisions impact your efficiency and cost savings:
- Smarter routing and dispatching
Real-time dispatching, route visibility and asset tracking are great ways to improve fleet optimization. Completing more stops with fewer vehicles lets you reduce fleet size.
- Consider fuel economy and repair costs
By analyzing vehicle weight, engine size and load capacity, you can get the right vehicle on the road and ensure better long-term asset management. By looking at average vehicle lifetime maintenance, minimize non-preventative maintenance expenses associated with older vehicles, right-size your fleet, and cycle vehicles within the optimal time frame.
- Establish mileage thresholds
Reports help you analyze each vehicle’s frequency of use and identify excessive spare vehicles by assessing monthly mileage, engine hours and active days.
Something important to remember is to involve your drivers early in the planning and decision-making process to ensure buy-in and a quicker transition.
When it comes down to fine tuning your fleet for better asset management, you need to take a proactive approach. Transportation managers need to keep an eye on data trends within day-to-day operations and monitor vehicle use, maintenance, and route efficiencies.
With Axele’s Transportation Management System (TMS), traffic managers can always know how much their trucks are being used because it integrates with the ELDs, telematic devices, GPS and more. If you are using more than one-size of truck, you need to right-size your trucking inventory to ensure you have the right trucks to match your loads. Learn more about how Axele TMS can help you today.