7 KPIs that Every Fleet Manager Should Be Monitoring?
As a fleet manager, you have a lot of data at your fingertips regarding your drivers and assets. How you leverage that data ultimately determines the success of your fleet, but determining which data to track closely can be a challenge. To help you prioritize, we’ve compiled seven of the most important fleet metrics you should be tracking a fleet manager.
Your responsibilities as a fleet or transport manager are broad and varied. You control schedules and routes, vehicle safety, compliance, driver training and manage budgets – to name a few. The role is pressured, constant, and draws high expectations.
Tracking the right KPIs will not only assist your operation – it will provide valuable insight into fleet performance and drive strategic decision-making.
- Productivity
- Route Planning and scheduling
- Tyre Management
- Proof-of-Delivery
- Real-time Alerts and Reporting
- Driver Behavior & Safety
- Fuel economy and efficiency
1. Productivity
Fleet and transport managers must know how productive their fleet is. A productive fleet requires keeping vehicles, drivers, and assets working to their fullest potential, which in turn, reduces costs, improves performance, and drives efficiency.
2. Route Planning and Scheduling
The logistic process gets more complex with the increasing number of customers, their demands, rising fuel cost, and pressure of timely delivery of goods and services, Our route planning would provide multiple routes to choose from based on your suitability. As shown below, fleetx has suggested three routes from New Delhi to Mumbai with different no. of tolls in between, marking the route distance and the number of tolls in between with red balloons on the map.
Our Dashboard provides full visibility of all the deliveries that are planned or scheduled. Here in our dashboard, we term delivery as Job as shown below.
3. Tyre Management
Tyre management system is an important part and also a very expensive asset of the vehicle. To operate your vehicle without any breakdown, you need to first take proper care of vehicle assets and tyre is one of them. Other than this, in many cases, the drivers swap new tyres and replace them with their old tyre and sell new tyres in the market. This way drivers are doing fraud which is very critical for your vehicle because an old tyre is prone to accident or sudden mid-way breakdown. So, as an owner, you should be aware of all such frauds and should track every detail of in use tyres
4. Proof of Delivery
Do you know how much time and money your business can save by digitizing and eliminating manual paperwork?
Digitizing and eliminating manual paperwork is one of the most effective and efficient ways that a business can save time and money. It’s no wonder that 71% of organizations have started initiatives to reduce the use of paper in their day to day operations. At fleetx, we help customers to go paperless with E-POD and online document management.
Improve Driver Performance with Single page view of all the consignments & their consignees for delivery management in the driver app. Driver can see all the delivery points on a rich map view with their TATs, reporting time & scheduled time, delivery details (quantity, weight, etc.) for multiple deliveries.
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5. Real-time alerts & Reporting
- Speed Alerts
- Geofence Alerts
- Fuel Level Alerts
- Temperature Alerts
- Idle Engine Alerts
- Ignition On & Off
- Trip Start & Stop Time/Location
- Idling Vehicle Time
- Geofence Entries and Exits
- Vehicle tracking system
- transport management system
- Hard Accelerations and sharp turns
These data points are very essential to view the performance of any fleet at any point in time. Also, with customized fleet and vehicle reports, Fleetx helps you identify operational issues, uncover inefficiencies, and improve driver safety. Reports are easily viewed online or exported to several other different formats. With report data, you can easily identify hidden patterns, trends and set goals around key metrics
6. Driver Behavior & Safety
This is always a crucial consideration for fleets and is a central aspect of their basic duty of care to their employees while they are at work – so close monitoring of driver behavior is essential. It is also an important indicator with regard to overall road safety standards.
We Provide First driver scoring methodology which scores driver on the basis of fatigue driving, over-speeding, sharp turns, SLAs violation & various other metrics.
7. Fuel Monitoring
Fuel is a top-three expense for fleet-dependent businesses, and improving fuel economy is a matter of both bottom-line cost savings and environmental impact.
Metrics such as km per liter, engine idle time, and unauthorized mileage are important for monitoring fuel consumption and efficiency. Armed with a clear knowledge based on these metrics, fleets are likely to be in a much stronger position to make efficiency savings as well as cutting emissions.
When looking at reports in fuel management software, consider both real-time and historical data to spot trends and deficiencies in asset performance.
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