Most successful entrepreneurs can tell you stories of humble beginnings where their product and service development slowly eased into their targeted marketplace. This is not necessarily so for the Tavassoli brothers and Coencorp. Their beginnings were far from humble and they exploded onto the transit scene with one of the country's largest public transit companies. Here is what happened.
Our highways are shared by private car drivers and commercial transportation truckers alike. This combination of driver skills and behaviors is an increasingly dangerous mix. Since 2015 there has been an increasing trend in highway fatality numbers. The recent U.S. Department of Transportation’s National Highway Traffic Safety Administration report elaborates on the true meaning of one of the smaller statistical causes, mechanical failures. While the impact they indicate is anything but small, the good news is that it is far more preventable than currently practiced.
One of the greatest benefits of being in the business of helping people manage their fleets is learning where the challenges are and focusing energy on finding solutions for them. Data plays a crucial role in effective fleet management. Not just having it, but being able to quickly and accurately collect it, then easily use it for the benefit of the company. Through 30 years of successfully consulting for mobile reliant industries, adapting modules to service specific industries, and growing services to fit the evolving needs fleet managers the world over, we’ve hopefully learned a few things on how to be helpful to them: It’s all about the data at your fingertips in your Fleet Management Software.
Topics: maintenance management, maintenance software optimization, fleet maintenance, vehicle data, preventative maintenance, fleet management, driver behaviour, real-time data, trucking, preventive maintenance, safety
Asset tracking problems = lost revenue
As fleet operators, companies acquire a range of mobile assets for a variety of reasons. For all the benefits those assets bring, their increased quantity means that fleet managers are also increasing the risk of loss through theft and/or misuse by operators. According to automotivefleet.com, there’s an average of 2,248 vehicles stolen each day in the United States alone and these numbers increase on holiday when the majority of vehicles are supposed to be out of service, due to holidaying drivers. Fleets contend with many related asset tracking problems on a regular basis which ends up all but stalling productivity.
According to some recent statistics on AutomotiveFleet.com, the repair cost (labor and parts) of running your aging fleet increases annually by 5% to 7%, but when you look closer at the segment breakdowns, the numbers are much more dramatic. Looking at “Repair Spend by Odometer” we see the cost rise almost 10 times, once the vehicle hits over 90,000 km and “Repair Spend by Months in Service” shows a jump of nearly 8 times, once we get past the 37-month mark. Furthermore, these statistics exclude regular tire and oil changes, rental of replacement equipment and emergency overtime costs, or accident expenses. If these jumps seem extreme to you, it’s because they are, but they are a manageable part of the cost of maintaining a fleet. Keeping your fleet assets (vehicles and other mobile fueled equipment) and drivers safe, productive, and mobile is pivotal to reaching your organization’s sales and service goals. A great Fleet Management software will help you keep an educated eye on your maintenance costs, indicate when they begin to rise, and how to plan for optimization of the fleet. So, what can you do to keep your fleet in optimal shape?
The business world was rocked when Stephen R. Covey, the author of the best-selling book said, “ineffective people live day after day with unused potential.” Industry leaders, managers, and entrepreneurs everywhere quickly realized he wasn’t only talking about people, he was also describing the primary factors limiting a company’s growth.
Being a fleet manager has its unique challenges.
Many fleets spend tens or even hundreds of thousands of dollars to implement a vehicle maintenance management system. They pay recurring license fees to use that software to handle crucial maintenance related areas such as parts, maintenance plans, vehicle recalls, and work orders. However many of those companies then turn around and act as though all the time and money they spent putting those maintenance systems in place was just burning a hole through their pockets!