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Top 6 Ways to Realize ROI with Fleet Management Software
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with Fleet Management Software
QUICK GUIDETop 6 Ways to Realize ROI
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Top 6 Ways to Realize ROI with Fleet Management Software
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Fleet Management Software helps organizations improve their maintenance
operations by lowering parts inventory, reducing labor costs and extending
the useful life of equipment and vehicles. It also provides the tools to manage
and control equipment, assets, parts inventory and technicians. As with any
major investment, realizing a Return on Investment (ROI) as quickly as possible
is crucial.
Top 6 Ways to Realize ROI with Fleet Management Software
Several key areas of operation will see a marked improvement with Fleet
Management Software and will provide the greatest opportunity for Fleet
Managers to recoup a technology investment. These areas include:
1. Improved Workflow
2. Better Preventive and Predictive Maintenance
3. Optimized Vehicle Usage and Fleet Size
4. Increased Information Access
5. Enhanced Parts and Inventory Management
6. Maximized Warranty Recovery
This quick guide will examine each area of return and outline the improvements fleet managers can expect to see with Fleet Management Software.
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Top 6 Ways to Realize ROI with Fleet Management Software
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Improved Workflow
Fleet Management Software offers functionality to manage daily workflow,
such as work order processing and accurate real-time productivity data,
and enables automated processes that reduce the time needed for data entry
and eliminate data entry errors.
Whether the strategy is called Total Quality Management or Best Practices or
RAMS (Reliability, Availability, Maintainability, and Sustainability), the goal is
the same; maximize the overall availability of an asset while minimizing life
cycle costs. Various workflows and processes are employed by Fleet Managers
to overcome specific challenges unique to their fleet. Fleet Management
Software gives managers the information they need to increase workflow
efficiency—from detailed work order processing, which can help keep the
shop floor running smoothly, to high level reporting and trend analysis.
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Top 6 Ways to Realize ROI with Fleet Management Software
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Metro Transit System St. Louis, MO
Reduced Fleet Department costs by $4 million dollars in one year.Metro’s maintenance team reduced total department costs by
approximately $4 million dollars in one year, due to improved
processes, predictive maintenance and the ability to monitor and
report on data.
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Top 6 Ways to Realize ROI with Fleet Management Software
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County of Siskiyou, CA
Mechanics have increased productivity by 20%. Equipment Maintenance Manager Virgil Hardy explains, “Labor is
another notable cost that can be lowered through tracking. Because
of this, the gap between our top and bottom mechanics is closing.”
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Better Preventive and Predictive Maintenance
Optimal vehicle availability is a fleet department’s core responsibility.
This can only be achieved through proactive maintenance and quick
response to unforeseen issues. Fleet Management Software provides access
to accurate meter readings and intelligent scheduling tools which are the
backbone of preventive maintenance programs. When service is needed,
Fleet Management Software improves repair times by having the right parts
and right staff available to service equipment ensuring maximum uptime
and availability, and reduces the costs for both scheduled and unscheduled
repairs. In addition, providing the correct level of service avoids the pitfalls of
over- or-under maintaining vehicles to lower costs while extending the useful
life of assets.
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City of Chesapeake, VA
Decreased comeback rate by more than 75%.Before investing in a Fleet Maintenance System, the City of
Chesapeake estimated that 8-14% of vehicles returned within 30
days to have the same repair done again. Now that comeback rate
has been reduced to less than 2%, and each month Chesapeake
recognizes employees who have zero comebacks for the month.
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Top 6 Ways to Realize ROI with Fleet Management Software
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City of Culver, CA
Established a PM program that is 90% on-time compliant. “The cornerstone of maintaining an environmentally conscientious
fleet is to schedule, perform, and maintain the PM’s timely and
correctly. Our PM program has received national recognition
and is 90% on-time compliant,” says Paul Condran, Equipment
Maintenance Manager, City of Culver City.
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Top 6 Ways to Realize ROI with Fleet Management Software
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Optimize Vehicle Usage and Fleet Size
In a constantly changing economy, fleets are often called upon to do more with
less. Optimizing the fleet size and make-up by evaluating the true cost for each
piece of equipment and vehicle usage can help fleets continue to perform well
while reducing costs. Fleet Management Software provides the tools to both
analyze a fleet’s vehicle usage and enable Fleet Managers to optimize the fleet
size with strategies such as motor pool and equipment planning.
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Top 6 Ways to Realize ROI with Fleet Management Software
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Gwinnett County, GA
Reduced fleet size by 8%.Through careful analysis of lifecycle costs, historical data and detailed
usage information, Gwinnett County deduced that a significant
percentage of the fleet was being under utilized. By removing
underused vehicles, Gwinnett County was able to reduce the fleet by
8%, saving the county hundreds of thousands of dollars per year in
maintenance, operations and fuel costs.
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Top 6 Ways to Realize ROI with Fleet Management Software
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Increased Access to Information
Fleet Management Software provides easy access to the vast amount of
information that is input into the system as well as collected through daily
activities on the shop floor. Through extensive up-to-the-minute and historical
reporting capabilities, intuitive dashboards, and the ability to automate,
schedule and distribute reports, Fleet Managers have the tools required to
make responsive, timely and fact-based management decisions including when
to replace, how to maintain, and what actions to perform.
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Top 6 Ways to Realize ROI with Fleet Management Software
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University of Colorado, Boulder, CO
Proved $93,000 annual savings to the state of Colorado.When the University of Colorado fleet was faced with privatization,
they used reports made possible by their Fleet Management
Software to answer the state’s hard questions and demonstrated that
they would save $93,000 a year by opting out of state management.
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Top 6 Ways to Realize ROI with Fleet Management Software
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Enhanced Parts and Inventory Management
Fleets large and small rely on their parts and inventory management to
be able to maintain and quickly make repairs on their vehicles. A Fleet
Maintenance System provides the tools to optimize inventory by identifying
and eliminating obsolete parts, track ‘just-in-time’ inventory, research
appropriate parts, and manage inventory replenishment. A Fleet Maintenance
System can help Fleet Managers stock only the parts they need and have them
ready when they are needed.
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Top 6 Ways to Realize ROI with Fleet Management Software
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City of Portland, OR
Cut their shelf inventory by $200,000 and reduced annual inventory time by half.The City of Portland was able to cut their shelf inventory by
$200,000 and reduce annual inventory time by half by using their
Fleet Management Software to eliminate an over-supply of parts
and to end stocking obsolete parts.
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Top 6 Ways to Realize ROI with Fleet Management Software
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San Diego Police Department
Saves 20% a year in parts.The City of San Diego Fleet Services Department manages 1,500
vehicles which are serviced at one of eight locations across a large city.
To cost-effectively manage parts, the police department has centralized
inventory in a decentralized location. This allows the Fleet Services
Department to expand their purchasing power by buying in larger
quantities. The city estimates that this policy saves them about 20%
per year in parts compared to each location ordering on their own.
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Top 6 Ways to Realize ROI with Fleet Management Software
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Maximized Warranty Recovery
Keeping track of equipment and vehicle warranty claims can save fleets
thousands of dollars per year. Fleet Management Software gives companies
a powerful management tool to collect warranty claims. Fleet Management
Software tracks equipment and vehicle bumper-to-bumper warranty expiration
date, and meter values for each equipment unit. In addition, a solution can
track warranty claims made to manufacturers and vendors for equipment,
equipment subsystems, or parts under warranty, and then credit settlement
amounts against repairs.
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Top 6 Ways to Realize ROI with Fleet Management Software
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City of San Diego, CA
Recovers more than $100,000 per year in warranty claims.Prior to using their Fleet Management Software, the City of San Diego
was not maximizing its warranty recovery and rarely took advantage
of OEM warranties, thus leaving money on the table. Through their
solution’s warranty tracking capability, the Fleet Services Department
recovers more than $100,000 annually in warranty claims.
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Top 6 Ways to Realize ROI with Fleet Management Software
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Choosing a maintenance management system has far-reaching effects
for a fleet organization. With the right solution, a significant ROI can be
achieved in many high impact areas of a fleet’s operation including workflow,
vehicle utilization, and improved preventive maintenance.
Over 500 fleets, ranging in size from 500 units to hundreds of thousands,
use FleetFocus Fleet Management Software to manage all maintenance
requirements of their vehicles and assets. FleetFocus software helps fleet
managers and technicians manage their day-to-day operations more efficiently
and economically while providing insight into trends and analysis to improve
long-term planning. FleetFocus provides robust cradle-to-grave functionality
for virtually every facet of fleet management.
Click here to learn more about FleetFocus Fleet Management Software.
FleetFocus Fleet Management Software
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