How to improve and track your fleet’s performance
Making the best decisions for your fleet operations begins and ends with tracking fleet metrics. Having a central location for all fleet metrics gives you a comprehensive view of your assets to ensure success
Data is a necessity if you want to optimize your fleet performance, but you may be wondering what types of information are worth paying attention to. We’re going to look at six metrics that are essential for tracking fleet performance. These metrics can help you improve performance and efficiency across your operations.
Metrics to track for improving fleet performance
Maintenance
Daily Vehicle Inspection Reports (DVIR) keep fleets compliant and alert managers of vehicle issues, but they are also a key to understanding the health of your assets.
Leveraging DVIR data grouped by user or vehicle provides insight by ensuring you don’t miss common defects across your fleet.
Fuel Management
Fuel is one of the largest ongoing fleet expenses, so it’s crucial to closely track usage and spend. Having a system to monitor and calculate fuel costs and consumption in real-time can benefit your fuel management process.
Manually tracking fuel consumption is a poor use of time, and receipts are often lost by drivers. With fleet management software, drivers can easily log fuel entries into a mobile app to eliminate hours of data entry.
To further streamline the fuel management process, consider integrating fuel cards with fleet management software to automatically download fuel transactions and avoid invalid readings.
Asset Utilization
Monitoring your assets will help increase your ROI and maximize their lifespan.
Tracking average hours of use or miles per day not only keeps you on time with preventive maintenance scheduling; it also helps you maintain a sustainable fleet size.
After monitoring asset utilization for several months, you may discover under-utilized vehicles in your fleet that can be better used or sold for a profit. On the other hand, you may discover you’re current fleet size can’t meet demand.
Proper asset utilization levels vary, but finding your fleet’s sweet spot can help you avoid costly expenses or unplanned downtime.
Accident Safety
Safety is a critical aspect of any fleet and should be tracked closely just as closely as maintenance and repairs. Taking a proactive stance on fleet safety ensures the well-being of your drivers and assets and decreases unnecessary expenses.
