For fleet owners and Fleet Managers strive in reducing costs in running the fleet, which is key to making better profits. Therefore, many fleet management organisations adopt a fleet management software (FMS), discarding the legacy (manual) systems, to increase efficiency and monitor cost of ownership of a fleet.
The fleet management solution that can substantially save time and money or other costs for a company/operator running a variety of vehicles by remote monitoring of assets is surely worth the investment. The Key Performance Indicators derived are important to gauge the utilization of vehicles, their performance or well-being, and also that of the company (or operator) running the fleets of vehicles.
With the economy growing fast, technology becomes important in growth and development. The transport sector is one of the evident beneficiaries and proof of this growth, as it has seen rapid development. Here is where telematics has come to play its role in transport management. Both have grown parallel and complimentarily.
Many organizations or businesses, which run or hire vehicles, face the challenge of unauthorized usage or its misuse. This is the same in the case of mining industry too where heavy vehicles like earth-moving vehicles or equipment like excavators are involved usually at remote sites. By adopting a monitoring system, the illegal or unauthorized usage and unsafe behavior of the operators of such vehicles can be detected and even prevented. The stakeholders can use the insights got via the vehicle monitoring system to stop or educate drivers or operators involved in the issue. KPIs help in understanding over a timeline how well an employee, an asset or business unit or a company is performing.