Why the Utilization of Assets Matter?

Why the Utilization of Assets Matter?

Why the utilization of assets matter?

While managing a fleet, one needs to produce the optimal replacement schedule for each individual vehicle but have you ever thought for taking an extra step for executing the utilization analysis for the fleet as a whole? 

The key to optimizing the cost of your ownership and utilization rate is knowing the details of what is going on with your fleet. For making the right optimal decision, one needs to know when the vehicles are being used, for how many days during the week and for how many hours of the day. Understanding the preferred choice of the vehicle by the driver, choice of vehicles for the trips, and understanding the vehicle specification needed for those trip will help in determining the vehicle’s utilization category which will help in determining a strategy that ensures the fleet is operating at perfect levels at all times, and that no vehicle is being under or over-utilized.

Satellite Connectivity for Fleet Management
Satellite Connectivity for Fleet Management

The utilization of assets can be categorized into four levels:  reduce, replace, redistribute or monitor; depending on the threshold level established for the replacement and utilization. With the in-depth analysis of the entire fleet with Eagle-IoT fleet management and vehicle tracking software, you can easily categorize your fleet in the above-mentioned metrics.

Eagle-i has extensive experience in fleet management and has the report that will give you the overall overview of the fleet utilization. Reports are exportable into multiple formats like XLS, PDF, CSV and more. Moreover, reports can be sorted and customized in ascending and descending fashion as per utilization or distance traveled.

Eagle-I Summary Per Asset section gives detailed insight on the cost incurred by each asset as well as the performance of the asset for the selected date and time range. To ensure the best out of your assets, utilization asset is critical. With proper utilization analysis, you can get large dividends along with a more productive and efficient fleet capable of responding to any challenge the company might face.

Eagle-i offers several modules in the fleet management system that can help you in getting most of your fleet in different aspects from different measurable parameters.

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Fatigue: The Overlooked Reason Behind Most of the Accidents

Fatigue: The Overlooked Reason Behind Most of the Accidents

Fatigue: the overlooked reason behind most of the accidents

In our previous articles, we focused that how telematics can be beneficial for fleet owners. Whether to increase the productivity and efficiency of the fleet or just to track the movement or the assets, it offers all. But eventually, it all comes down to the safety of the drivers, passengers, and assets. Eagle-I being the ultimate fleet management application, provides a set of tools to achieve most out of the fleet by monitoring utilization, driver behavior, routes taken, and much more. It generates a drivers’ scorecard with complete details of their driving behavior.

Being the pioneers in the telematics industry, Digital Myth Solutions not only serves the industry with latest technologies and advanced features but we also provide insight on the issues the fleet owners are facing or may encounter, through our observations and feedback from our valuable customers. Our core purpose is to make roads safer and transportation more efficient.

Satellite Connectivity for Fleet Management
Satellite Connectivity for Fleet Management

What we have observed is the fleet owners tend to reward the drivers who are spending more time on the road. Higher the numbers that they see on the ‘distance traveled’ column, the better the driver is. But here we are encouraging a dangerous trend. The drivers always try to do jobs beyond their duty hours to earns some extra cash for their overtime works and with rewarding them for the high number of work hours is encouraging them to do more.

Forcing our drivers to do more is not the best choice. In fact, it should be taken as a factor of inefficiency. The reason is simple, the more a driver spends time on the road, higher his fatigue level will rise and eventually the risk of accident drastically increases. Most of the accidents happen due to the lake of concentration, which means a lack of sleep and overburdened routines. Whether these routines are forcefully implemented or the drivers choose to earn rewards, either way, it should be discouraged. There should be a limit to the maximum allowed work hours, and if the driver scorecard indicates such a value, the score of that driver should be deducted and he should be penalized rather rewarded.

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Distracted Driving – It’s not Just your Cell Phone

Distracted Driving – It’s not Just your Cell Phone

Distracted driving – It’s not just your cell phone

While the technology has allowed us to stay connected more than ever before but it has also produced the distracted drivers more than ever before. Distracted driving is one of the most serious concerns of roadways safety. Although some distractions are unavoidable but there are some actions that can be taken to avoid the possible distractions and can be used for keeping the focus on road.

According to the survey, there is accumulating evidence that 25% of all the vehicle crashes are because of driver distraction and driver inattention. Moreover, it has also been proved that distracted drivers are two times to 48 times more likely to get into the collision. The average time that a person looks down at his cell phone to text or email while driving is equivalent to the length of the entire football field at the speed of 55 mph with one’s eyes closed. The drivers that use their cell phones are reported to involve in 18% of fatal car crashes.

Satellite Connectivity for Fleet Management
Satellite Connectivity for Fleet Management

It is very important to understand the types of distraction. Distraction can be visual, Cognitive or manual. Visual distraction are the distractions that make you take your eyes off the road such as inputting an address in the GPS, placing a call, or reading a text while Cognitive distraction can be referred to anything that removes your mind from the task of driving, such as answering an incoming call, frustration with traffic or other drivers, or even daydreaming. Manual distraction requires you to take your hands off the wheel such as picking up something you drop, eating, grooming, or plugging in a power adapter.

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Another possible distraction that can prove to be fatal is the external distractions such as rubbernecking as you approach an accident, window-shopping as you pass a mall, or looking at the scenery. The key to avoiding distraction is to stay focused on roadways and familiarize yourself with the vehicle’s system before setting off the road.

Stay safe and focused on roadways to avoid unpleasant incidents.

How the corporate fleet is being revolutionized?

How the corporate fleet is being revolutionized?

How is the corporate fleet being revolutionized?

Fleet owners of corporate sectors are percolating the changes in their fleets by transiting their fleets from reactive to proactive with the use of connected technology. The technology of connecting vehicles has proven to be the turning point in the global economy whilst leaving their impacts utterly on every sector of the industry, with fleet management be one of this multi-faceted changes.

Besides vehicle connectivity, other factors contributing to this revolution is the migration to the IOT and the use of big data. Considering the aforementioned changes, they will be responsible for all aspects of fleet management from vehicle selection to maintenance management and the safety of the fleet. Big data being the sophisticated tool for analyzing, will help fleet managers to understand the relationships, recognize the trends and establish the new metrics for enhancing productivity and operational efficiency. For instance, data can be evaluated to identify the driving behavior trends for past accidents, and corrective measures can be done to circumvent the incidents.

KPI
Eagle-Iot Cold-Chain Monitoring Solution

Big data allows access to a huge amount of raw data from the fleet. This raw data can be used to take actions which will have a significant impact on all kinds of fleets regardless of their size and vocation. These next-generation productivity tools will aggregate and correlate massive amounts of data and turn these data points into the industry’s new best practices that, in turn, will evolve into the new best-in-class standards that will drive our industry.

If we say that the productivity of the fleet revolves around telematics, it is not wrong. Since the adoption of telematics by fleet owners, fleet productivity tools have been swiftly progressing. The standards of collecting data between the telematics providers and their devices have been drastically improved. For instance, the data generated by the vehicle, when combined with the data of predictive maintenance and its own maintenance schedule, will allow fleet managers to prevent the breakdown of vehicles and replace them on a vehicle-by-vehicle basis rather than a generalized replacement for all vehicles. This strategy will not only prove to be cost-effective but will also be time-efficient.

Encourage eco-driving

From Planning to Implementation: Steps to Building a Successful Green Fleet Program

From Planning to Implementation: Steps to Building a Successful Green Fleet Program

From Planning to Implementation: Steps to Building a Successful Green Fleet Program

The transportation industry is a major contributor to climate change, accounting for about 28% of global greenhouse gas emissions. As fleets strive to reduce their carbon footprint and become more environmentally conscious, many are turning to green fleet programs. These programs implement sustainable practices into a company’s fleet management strategy. Building a successful green fleet program is no easy feat, but with careful planning and implementation, it can be achieved. In this blog post, we will outline the steps necessary for creating an effective green fleet program from start to finish. Whether you’re looking to reduce emissions or save on fuel costs, these five strategies have everything you need to get started on your journey towards sustainability.

Assessing Your Current Fleet

Before you can begin building your green fleet program, it is important to assess your current fleet’s performance. This includes analyzing fuel consumption rates and identifying areas where improvements can be made. By measuring your current carbon footprint and evaluating how much money you spend on fuel each year, you’ll have an idea of what needs improvement.

One way to improve fuel efficiency is by ensuring that all tires are properly inflated at all times; underinflated tires cause increased rolling resistance which leads to higher fuel consumption rates. TPMS systems can help fleet managers to monitor tyre pressure in real time, and they can also send alerts if a tyre is underinflated.

KPI

Setting Goals

Once you’ve assessed your current fleet’s performance metrics like miles per gallon (MPG), it’s time to set goals for improving those metrics with specific targets in mind. These goals should be realistic but challenging enough so that they motivate employees to achieve them.

For example – setting up an objective of reducing CO2 emissions by 20% within the next two years or increasing MPG by 15%

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Encourage eco-driving:

Make sure your drivers are aware of the importance of eco-driving and that they are trained in these techniques. Eco-driving refers to driving habits that aim to reduce fuel consumption and minimize the impact on the environment. It involves techniques such as smooth acceleration and deceleration, maintaining a constant speed, and avoiding excessive idling. By practicing eco-driving, drivers can save money on fuel costs, reduce greenhouse gas emissions, and contribute to a cleaner environment. Fleet managers can train their drivers in eco-driving techniques. With Eagle-IoT fleet management software, fleet managers can keep track of driver behavior and provide feedback.

Go paperless:

Fleet managers can reduce their carbon footprint by eliminating the use of paper documents. Fleet management software can help to digitize documents, such as eCMRs, roadmaps, and invoices. By using digital tools, the need for physical paperwork can be eliminated.

Selecting Efficient Vehicles

Selecting efficient vehicles as per the type of work plays an essential role in any successful green fleet program implementation process since these vehicles consume less gas than traditional ones. Moreover, when selecting new vehicles for your company’s fleet, consider the fuel economy of the vehicles. The higher the fuel economy rating, the more fuel-efficient the vehicle.

Use fleet management software to track the fuel consumption of your current fleet. With Eagle-IoT fuel monitoring solution, track the fuel consumption of your vehicles over time. This data can help you to identify which vehicles are the most fuel-efficient and which vehicles could be improved.

Encourage eco-driving

Temperature Monitoring:

In the world of temperature-controlled transportation, refrigeration units can contribute to CO2 emissions. Fleet managers can reduce emissions by monitoring the temperature of refrigerated units with Eagle-IoT Temperature Monitoring and making adjustments as needed. This can help to ensure that units are not running unnecessarily, which can save fuel and reduce emissions.

By implementing these five strategies, fleet managers can make a significant contribution to reducing the carbon footprint of their operations.

Optimize routes

Here are some additional tips for reducing your fleet’s carbon footprint:

Optimize routes: Fleet management software such as Eagle-IoT can help you to optimize your routes, to reduce fuel consumption and emissions.

Preventive Maintenance: Maintain your vehicles properly. Regular maintenance schedules can help to keep your vehicles running efficiently and reduce emissions.

 

Building a successful green fleet program requires careful planning and execution. By assessing your current fleet’s performance metrics, setting goals for improvement, gathering data on your current fleet operations, selecting efficient vehicles, implementing a paperless system and providing driver training programs, communicate with stakeholders about your progress towards sustainability. – all these steps will help you achieve success in creating an environmentally friendly fleet that saves money while reducing its carbon footprint. Remember that every little step counts towards achieving sustainability goals; even small changes like properly inflating tires can make significant differences over time!

With these strategies in mind, you can build a green fleet that not only benefits the environment but also contributes to the long-term success of your business or organization. So what are you waiting for?

Take action and join the growing community of organizations committed to creating a cleaner and greener future!

Green Fleet Program
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