How to Achieve a Faster ROI on Your Fleet Management Technology

Many companies are turning to third-party fleet management technology to help manage their fleets, intending to improve efficiency, lowering costs, and offering a better customer experience. But many of these same companies are struggling to deal with the operational and financial challenges of migrating to a new fleet management system.

Here’s how to achieve a faster ROI on your fleet management technology:

Keep out from Technology Silos

The rise of technology has opened up a world of new opportunities for businesses, but it can also cause problems with internal communication and decision-making. While it is nice to have the latest in technology available, it is important to remember that there are advantages to decision-making in face-to-face meetings too. The transportation industry is one of the world’s biggest and most complex, with billions of dollars of investments and millions of hours of time invested every year. So, you would expect that the industry uses some of the latest and greatest technologies to manage such a massive operation, but what many people don’t realize is that these technologies are often silos.

True Technology Partner

If you look at the world of fleet management technology, the sizes of the players can be confusing. Vendors and manufacturers, who will be your key technology partners, can range from the smallest niche player to a global behemoth. Technology, when used correctly, can play a pivotal role in automotive operations. Technology can aid in employee accountability; helps reduce costs and improve productivity. However, the use of technology must be kept in perspective. Technology can be used with caution to achieve the desired results. The use of technology by a fleet manager should always be with a touch of caution.

Power of Bundling

For the past few years, there has been a trend in the transportation and logistics industry to adopt a Value-Based Transportation Management (VBTM) approach. VBTM aims to optimize the usage of a company’s assets through different means such as Mapping the best routes for shipments, re-engineering the contracts, and forecasting customer demands. This approach has been proven to be highly effective and sustainable. However, as VBTM is a long-term solution, it requires a significant upfront investment. There was a time when the idea of a conglomerate was a bad thing, an organization with a large number of unrelated businesses. With the way that we work now, more and more companies are being run as conglomerates; it is becoming easier for us to pick up the phone and take a call from a business that has nothing to do with our own. This can make it easier for us to keep track of our investments and our spending habits.

Right In-Cab Hardware

To be successful in the transportation industry, companies must have a clear “why” for making the investment in fleet management technology. Technology has changed the way fleets operate, and transportation leaders must take advantage of the opportunities that new technologies provide, such as real-time reporting, electronic invoicing, and integrating mobile apps. T&L Logistics is an online resource dedicated to helping carriers, shipping companies, and shippers of all sizes make the right decisions when it comes to scheduling and dispatching their fleets, as well as monitoring and optimizing their operational efficiency. We provide an exclusive in-cab display system called Display Manager (PM) that displays all of the company’s fleet and user information on a single integrated display.

A Step Further in Fleet Management 

Companies spend millions of dollars on fleet management software, but when it comes actually managing the fleet, many spend even more time trying to do things manually. The result is a lack of efficiency and a high cost of ownership. It’s no wonder, that so many companies are looking for an automated way to manage their fleets. Fleet management is about more than just getting a fleet on the road and making sure it’s all running okay. It’s about making sure you’re getting the most out of every hour you spend on the road. Fleet management can be about improving safety, increasing productivity, optimizing your business, and taking control of your operation.

If you’re looking for a way to speed up the fleet management processes in your organization, a fleet management system that ties in with the mobility of your staff is an excellent way to do that. This gives you a complete view of your drivers and their usage to help you make the right decisions and keep your company in control of its fleet.