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.
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.
The Bad News
Buses running out of fuel on the road occurs far more often than most people would believe. It is a major, very expensive problem, in terms of both money and citizen good will. The problem is much more complex than it seems, but also a lot simpler to solve than many within the industry believe .
Today we give special recognition to some important partners who contribute to our success, the fleet managers themselves. Thanks to these hard-working and strategically essential employees from all the industries we serve, Coencorp has been growing for three decades, building the most comprehensive, fully integrated, customizable, and user-friendly fleet management system available, . To better understand what makes these partners so important to us, we need to take a look at all they do on a daily basis and how their business needs become our primary functions.
Pay Attention, Or You'll Pay!
I was planning my budget the other day and thinking about how much gas I used for trips to and from work, to do groceries, to the gym, to go on weekend outings with friends and family, and I realized that other than the mileage on my odometer, I didn’t really track where I spent on fuel each week; much less for each month, or year. I suppose if I knew I’d be a little shocked, and I’d also be a little more careful about what I paid for gas, how I operated my car, and how many trips I made each day. The truth was, I only had a vague idea about my gas spending behavior and I probably wouldn’t even see if my changes made any major difference or not to my single car usage. Then I thought about my clients.
Across industries and markets, we hear the call to real-time data collection and its importance to profitable big data analytics. Companies with fleets to manage have known this for a long time and continue to partner with fleet management system (FMS) suppliers to improve business practices and outcomes.