The top 13 KPIs every fleet manager should keep an eye for

Businesses with vehicles being their primary asset are unable to achieve the desired level of efficiency without a fleet management system, required for their growth and success, revealed by the research conducted by business and technology analysts. Top leading organizations are choosing to invest in fleet technology with a set of KPIs for burgeoning and managing their fleet. But what are the most important KPIs for leveraging analytics to generate major gains in efficiency?

While the term “key performance indicator” (KPI) refers to the key measures that reveal a business’s success, performance or capacity utilization, however, the benefits can be categorized as; Safety, Efficiency, and Compliance. While KPIs can vary depending on fleet size but they should cover the aforementioned sectors.

The data is notified to fleet managers in real-time and shared with drivers through their desired

notification alert setting or it can also be accessed through the Eagle-I dashboard, which not only allows the driver to review their own performance but also allows the fleet manager to compare the performance of peer drivers. Moreover, Eagle-I provides access to scorecards which can also be used to indicate each driver’s risk profile for future training.

Efficiency

The efficiency of the fleet can be measured in terms of operational cost and in the wear and tear of an asset. Eagle-I helps you in analyzing the efficiency by vehicle groups, ungrouped vehicles or for the whole fleet. Efficiency KPI are mentioned below:

Fuel economy per vehicle

Fleet asset utilization

Costs per hour

Costs per device

Vehicle activity (Ignition on and off time)

Day-to-day analysis of fleet helps the fleet manager in optimizing asset utilization and sometimes it can happen by reducing the extra number of vehicles in their fleet. Eagle-I fleet management and vehicle tracking solution can help you to determine whether you really need all your company vehicles without the need to prepare huge reports manually – the system will do it all for you Moreover, it can also help in reducing fuel cost, maintenance and insurance costs

Compliance:

• Compliance KPIs may include:
• Available Hours of Service (HOS)
• HOS violations
• Unassigned mileage by vehicle

The purpose of collecting data by setting KPIs for an extended period is to create a historical record of operational data which can analyze the current and historic KPI data to predict what is likely to happen in future. Moreover it provides you the insight to make changes to reduce risk, improve the efficiency of your fleet, and enhance customer service. Being able to track your fleet performance not only optimize the size of your fleet but also save your valuable resources – time and money – in the long run.

It’s time to switch from spreadsheets to software for your fleet business!

Managing and operating a fleet of vehicles is a crucial day-to-day task but when one does this manually, by using spreadsheets; it is slow and cumbersome. To stay on the top of the game, fleet managers need to keep tabs on the ever-changing nature of compliance to know all the laws that are to be implemented. Besides this, it is also important to keep the fleet operations streamline, optimized and precise by eliminating all the inaccuracies. But this seems impossible when you are using passive recordholder!

Potential security threat

Keeping spreadsheets on corporate networks can be a potential security threat. If your organization is targeted by malicious attempts to steal information, the hackers will have no difficulty in accessing your depository leading your fleet company in big trouble.

Credible reporting tool

More the data your fleet generates, the more significant it is to have an easy-to-use and credible reporting tool. Spreadsheets quite often require you to create these reports manually. In some circumstances they may work well with reporting software but discrepancies between how sheets are assembled and labelled can cause incompatibilities resulting in inaccurate or complicated reports.

so what’s the alternative to spreadsheet management? Answer is simple: Emigrate away from spreadsheets and toward an integrated web – based solution such as Eagle-i : it helps you in managing your fleet with modernized and streamlined data. Besides it also provides you solid fleet data to evaluate your fleet’s performance and set benchmarks.

It’s high time to get rid of ancient, inefficient, manual methods and adopt the modern way of managing fleet with Eagle-IoT!

Hazmat trucking and new compliance requirements by TGA  

The transportation of petroleum products and hazmat load have big role in the transportation industry of any country’s economy. Hazmat trucking is the transportation of hazardous materials, which includes hazardous gases, chemicals or poisons to trash and radioactive materials. When you are the driver of hazmat trucking, driving safely is the foremost priority, Drivers hauling a hazmat load and petroleum products have the added stress of ensuring they are following the additional regulations for this type of cargo.

Recently a new regulation has been issued for transporters of petroleum products and hazardous materials to have an online electronic permit issued by Naqal to ensure the safety and quality of goods. The permit will be used as evidence that the material at the time of delivery to consignee is in the same condition as described in the document by the transporter. It will secure the rights and responsibilities of the parties involved in the transportation process. Fleet managers dealing with these products must be well-versed in risk management. Since their ignorance will not only hinders the hauling business but the material might endanger humans, animals, or the environment. However, hazardous trucking may be worthwhile if you practice cautions, understand the products, and use fleet management systems licensed by TGA such as Eagle-I vehicle tracking and fleet management system.

To know more about Hazmat trucking