Technologies That Can Help in The System Of Fleet Asset Management

Fleet management is the system used by discerning fleet managers to competently manage all asset and fleet information, right from acquisition to its disposal. If done efficiently, fleet asset management can help in improving efficiency, minimalizing expenses and ensuring compliance across an entire fleet operation.

In several cases, it can prove to be quite a challenging task to manage a pool of commercial vehicles, alongside dealing with the issues of spiraling costs, legislation changes, and car market uncertainties.  To reduce such hassles one can, seek out solutions for strategic asset and service management from well-established service providers. These service providers can help feet managers to incorporate prime transformative and accessible technologies that can bring improvements to the fleet and asset management system, to improve their overall operations.  Here is more on some of these technologies: 

• IoT and Sensor Technology: The demand for “smarter” driving experience has significantly augmented over the last decade or so.  To meet the evolving demands of the modern-day drivers, sensors and connected units are being used to facilitate the driving experience in multiple ways. The gradual shift towards potentially autonomous and connected vehicles especially presents a host of opportunities for fleet managers, including the development of real-time routing and data-driven fleet management strategies. With the assistance of big data analytics and sensor technologies, fleet managers can acquire a unified view of their overall ecosystem, as well as optimize multiple operational facets, such as security, driving behaviour, compliance violations, and even fuel costs and usage per route. 

• Predictive Maintenance: A well-defined predictive maintenance system can help in improving asset availability by 10 to 30 %, while also considerably reducing inventory management expenses. Predictive maintenance systems can especially help optimize repairs and mitigate the risks associated with unplanned breakdowns. This system can aid in identifying potential failures before them becoming imminent so that the fleet managers can proactively work on repairing the relevant parts before the damage spreads further. Predictive Maintenance can also enhance the safety aspect of fleet asset management, as a granular view of the health of the vehicles would aid in mitigating accidents and other such mishaps to a significant extent.

• Advanced Fleet Telematics: Telematics refers to a combination of telecommunications and informatics, and the presence of this technology is becoming increasingly common in modern-day vehicles. According to certain reports, about 15 % of cars now come with telematics units installed. When it comes to the sphere of vehicle fleet management, telematics can help in multiple ways, such as:

1. Gaining a holistic view of all the assets and their location in real-time

2. Obtaining regular data on asset utilization

3. Tracking and optimizing fuel usage

4. Monitoring the drivers to make sure they are compliant with the relevant operating/safety standards, route plans, and schedules

5. Accumulating day-to-day data to formulate a preventive maintenance schedule

Many external fleet solutions providers can help companies in the process of fleet management by incorporating various advanced techniques and technologies into this system.  People can find details of such companies and their functions online.