Posts by Michael:
While we have recovered from the pandemic in many ways, there are new challenges within the supply chain that persist, adding another layer of complexity to fleet management and vehicle replacement. While managers used to plan replacement a year in advance, current lead times have increased to 2-3+ years depending on the vehicle class.
BI helps fleets to futureproof by creating a reliable and repeatable management strategy that is flexible to change. With the fleet industry changing so rapidly today, this helps managers look toward long-term success, focusing on cost-reduction opportunities and sustainable resource management.
One of the greatest benefits of implementing business intelligence is the ability to turn disconnected data systems into actionable insights. Once fleet data is streamlined and cleaned, BI bridges the gap between the initial point of data collection to seeing data-driven results.
Fuel is one of the biggest capital spends for any fleet, so detailed reporting on fuel spend is always important. As fuel prices rise, however, ensuring that reports are accurate is critical to a successful fleet budget and preventing fuel fraud.
There are two ways someone can gain the status of a true fleet data analyst. By spending years in the fleet industry garnering deep domain expertise, or by utilizing business intelligence as your secret weapon.
Managers spend over 70 percent of their time simply trying to consolidate their data into something comprehensible, leaving barely any time for drawing actionable insights from this data, in addition to carrying out all their other duties.
Business intelligence seems to be one of those buzzwords that companies throw around when talking strategy and futureproofing solutions, but many find it hard to actually define. Is it a system? A service? A strategic approach? In some ways, it is all of the above.
Take-home policies are a common consideration for fleet mangers of police departments, emergency services and taxi companies. There can be many benefits to keeping vehicles out on the road instead of parked in a company garage overnight, and can help employees save on both costs and time.