According to business and technology analysts, the world’s most cutting-edge companies are choosing to invest in fleet technology. What are the most important KPIs, and how can you use them to manage your fleet?
The term “key performance indicator” (KPI) refers to the key measures that reveal a business’s success, performance or capacity utilisation. Here, we’ll examine the most important KPIs relating to fleet management. These can be implemented immediately in your organisation to contribute to your future success.
Safety KPIs: Driver behaviour is the most important category within the subject of fleet safety. Monitoring driver behaviour and using the resulting data for driver training is the best way to improve drivers’ overall safety profiles. The most important safety KPIs relate to driver behaviour. They include:
- Number of accidents
- Sudden acceleration incidents
- Braking incidents
Ideally, these data should be transmitted to the fleet manager in real time, especially if an accident has occurred.
Efficiency KPIs Your efficiency can be measured using the following:
- Fuel consumption per vehicle
- Empty runs
- Fleet capacity utilisation
- Costs per hour
- Costs per device
- Vehicle activity
Fuel consumption and maintenance data can help managers minimise air pollution and increase driver safety. Once you have a clear overview of empty miles and daily asset usage, measuring KPIs can help you optimise the utilization of your fleet. In some cases, companies are able to reduce the number of vehicles in their fleet, which in turn reduces fuel costs.
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