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What is Fleet Management: All You Need to Know

Trackunit

Any construction business that incorporates the use of construction equipment or vehicles in its day-to-day operations already makes use of fleet management systems to some degree. Managing fleet vehicles is essential for continued operations, and making optimal use of fleet vehicles and equipment while minimizing downtime means managers can maximize their work progress and productivity.

In today’s digitally-driven workplace, fleet management systems and related software help managers access real-time information regarding the status of their fleet and equipment, which means faster response times and shorter delays in operational schedules.

What Is Fleet Management?

Fleet management is a series of functions that construction companies use to manage their workplace productivity, streamline costs, and improve safety while reducing risks. It’s part of a constantly changing and ever-evolving strategy employed across the construction industry to improve their performance in the long run.

Fleet management can involve a variety of tasks related to their construction vehicles and units, including scheduling or tracking vehicle maintenance, dispatching units when needed, setting up appointments for diagnostics, and more. Most modern construction companies that are responsible for managing a fleet of vehicles increase their efficiency through use of a construction platform like Trackunit Iris, which incorporates real-time data and OEM integrations to deliver world-class solutions.

Why Is Fleet Management Important?

Fleet management ensures smooth operations and maintained efficiency across the board, no matter the size of the fleet in question. Since the construction industry is made up of so many individual sectors working together, optimizing their interactions and minimizing friction means higher productivity, lowered costs, and safer, productive workers. Research shows that 86% of construction companies that made use of fleet management software saw a ROI within 12 months, with 44% seeing it in less than 6 months. It’s clear that there are significant benefits to fleet management, especially when making use of the right software.

How Does Fleet Management Work?

In addition to the general responsibilities listed above, managing fleet vehicles can also involve several additional tasks like:

Reducing overall costs

Any seasoned fleet manager knows that fuel, maintenance, and operational costs of using construction equipment adds up over time. It’s often their responsibility to come up with strategies to streamline these costs and alleviate costs wherever it’s possible. They might even be expected to come up with new directives and operational programs that directly improve productivity as well as cost efficiency.

Tracking the fleet

Being aware of where each vehicle in your fleet can be challenging for any manager, regardless of the size of their fleet. Whether it’s 10 vehicles or 10,000, fleet managers are responsible for knowing the precise location of every single vehicle and unit in their fleet. Nowadays, this aspect of the fleet management system has been made significantly easier with the use of GPS tracking and systems offered by company fleet management software.

Acquiring new vehicle inventory

The number of vehicles any given job requires will vary, and it’s the fleet manager’s responsibility to make sure there’s enough equipment to get the job done. However, when the situation calls for it, they should also be able to accurately forecast the need for new construction vehicles and equipment, while also coming up with a viable plan for purchasing them.

Acquiring new inventory may also be necessary when old equipment is too broken down for regular use, and requires an excessive amount of maintenance and upkeep costs. Fleet managers need to make a judgment call and decide when it’s time to purchase new equipment as a replacement.

The Benefits To Fleet Management Software

In an increasingly competitive modern environment, customers are looking for the best value within the construction industry. This makes fleet management essential to any individual company looking to grow and acquire additional resources for their pursuits.

Leveraging fleet management system software means automating manual processes and providing direct oversight into driver efficiency and safety. There are several benefits to making use of software to manage a fleet of vehicles, including:

● Improved compliance

● Better oversight into fleet vehicle information and data

● Increased fuel efficiency

● Alerts and scheduling for vehicle maintenance

● Improved cost-efficiency and worker safety

What Is The Best Fleet Management Software For Construction Needs?

Fleet management software helps promote connectivity and makes it easier for fleet managers to see the bigger picture. Trackunit’s mission is to increase this connectivity between various processes, people, and machines that make up the construction industry. From direct visibility into a driver’s performance and conditions to data on fuel economy across the fleet’s vehicles, there’s a lot of information that fleet managers can leverage to drive their decision-making.

With the help of fleet management system software like Trackunit Manager, managers are sure to see an immediate increase in productivity and cost margins. With features to provide assistance and additional insight into all aforementioned aspects, managing fleet vehicles has never been easier. Contact us today to get a demo and see how Trackunit drives connectivity and workplace potential.

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