ANALYTICAL ADVANTAGE IN FLEET OPERATIONS

Fleet Management and Data Analytics
 
One of the most useful ways that data analytics can deliver operational benefit to a business is that of 'asset uptime'. In the fleet industry this means minimising ‘off-road’ time for the asset. It costs to have an asset out of action, both in lost revenue but also reputational risk.

Most companies already keep maintenance history, but what triggers the management of that maintenance?

Unfortunately, most of the time the trigger is the actual ‘down-time’ event – failure of the asset to perform when needed.

However, while this provides information it is a reactionary method of managing assets and if used as the main operational policy, is a strategy that won’t allow proper planning and maximisation of assets.
 
A better option
A more effective method would be to plan and manage maintenance, based on more than just historical maintenance schedules or manufacturer guidelines.

Instead, accessing and utilising your data on asset condition could dictate the required maintenance. In this way, the timing and nature of the work isn’t limited to general rules but instead becomes dependant on specific factors such as journey times (i.e. rush hour), telematics about journey routes (urban vs. extra-urban), nature of payloads, multi or single point drops (very important in the growing non-high street part of the economy i.e. retail delivery, internet shopping etc) plus other driver behaviours.

But this isn’t always easily accessible.
 
Solution delivery
Planning is key to taking a proactive approach and Blue Label Consulting can fulfil that need by offering a joined up data analytics solution.
 
Integrating telematics and vehicle data to co-ordinate service booking means the focus is on getting 100% of maintenance done via automated service booking lines.
 
This method provides enhanced operational capabilities for the business including:

• Full utilisation of the asset – maximising time on the road
• Better cost management – avoiding expensive repairs by doing preventative maintenance
• Increased customer support and satisfaction – brand and reputational benefits
• Enhanced compliance management – driver & vehicle health and safety, corporate responsibility requirements are met

 
Working with Blue Label Consulting helps introduce more operational control within the business. This allows companies and fleet managers to let the day-to-day running of the fleet (and therefore business) run in a more streamlined and automated manner. This in turn creates more time to identify future trends in the market, better plan operational changes, reduce costs and increase profitability. 
 
If this is an issue for your business and you are interested in understanding more about this approach please contact us here. 

Brendan Jayagopal
Founder and Managing Consultant
Blue Label Consulting

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