Your data is a powerful tool for your business, including your trucking processes. With so many moving parts and critical information, it can be challenging for fleet managers to analyze and track essential information. Understanding what metrics you need to know can direct your managers' actions for better data insights.
Fleet key performance indicators (KPIs) are measurements companies can use to track performance and improvement initiatives. However, companies must know what will best serve their business and industry when determining their KPIs. When developing better fleet data management, you can choose from several vital metrics to provide multiple types of valuable information.
KPIs can help you better understand how well your vehicles perform to reduce related costs and create more efficient processes. There are various costs associated with fuel and trucks that fleet managers can track to optimize resource use, including:
While these KPIs can provide valuable insights that prevent fuel and vehicle overspending, you can use data tracking to gain other essential information, too. Consider measuring and tracking unassigned vehicle mileage and driver assignment.
Maintenance is essential for determining performance, functionality and life span. Your fleet data allow your managers and decision-makers to understand if your company uses maintenance efforts to serve your trucks and drivers best. Some metrics include the following:
Your maintenance metrics can determine functionality and efficiency. When you want to improve processes, looking at your fleet data can boost performance and operations.
Your drivers and their habits can provide essential information about your fleet and its productivity. Like vehicles and processes, your employees are investments. Optimizing their efficiency and performance can help you make the most of your resources.
Some driver metrics to measure include:
You can also look at the demographics of your driver population and their employee habits. Analyzing tenure and retention rates can help you understand employee satisfaction and better predict their needs. Low tenure and retention can indicate when you'll need to improve employee benefits or begin hiring.
Your safety measures can increase company efficiency and reduce costs. Measuring and tracking this data can help you protect your assets, from your vehicles and employees to your company's reputation. Some data you can analyze include the following:
When you want to keep your employees and customers safe, access to the correct data can help you identify unsafe processes and determine where to implement better practices.
Leveraging and tracking your company's fleet data offers several benefits to companies. When your fleet managers consider using this data type, knowing the advantages can encourage them to invest in the necessary processes and tools.
Your fleet safety measures are necessary to protect your company, employees and vehicles. Accidents can endanger driver lives and result in costly damages and repairs. When you use your company's fleet KPIs to target safety measurements, you tailor improvement efforts directly where you need them.
Some ways to use safety metrics to drive change at your organization include:
Your fleet managers spend countless hours developing delivery routes and assigning drivers to jobs. However, inefficient routes can decrease efficiency and customer satisfaction.
Data tracking can help you better understand your delivery routes to discover the ones that work well and which need evaluation. GPS technology can help you determine where and when lags are occurring, so you can adapt routes to traffic patterns.
Fuel efficiency is a large portion of fleet spending and budgeting. Your fuel data can provide several essential insights you can utilize to use fuel efficiently and promote better vehicle performance, such as:
Quicker deliveries that match estimations can result in better service for your customers. When you can deliver your promised results, your customers will increase their trust in your company and processes. Your customers will become more loyal to your brand and products.
When you want to leverage your fleet data to optimize and improve processes, you need the right tools. Bestpass helps truck fleets better understand their toll costs with our software solution. By analyzing your various fleet costs, Bestpass's software provides essential insights related to overspending at tolls.
We work with several toll authorities to connect trucking fleets with discounts. As a centralized platform, data is easy to access and analyze for increased visibility and understanding.
Contact Bestpass today and discover how we can help your fleet managers use your metrics.