Improving Fleet Management with IoT
Fleet Management becomes smarter
On time delivery of quality products
Companies and even governments that operate vast numbers of vehicles are more frequently using connected fleet management solutions to make the process more efficient. Much like inventory and warehouse management, these solutions use GPS and other tracking technologies to gather data in real time on the locations and operations of their vehicles.
BI Intelligence, Business Insider’s premium research service, estimates that connected fleet management solutions will reach 180 million commercial vehicles in North America, or 90% of the total market, by 2020. This would represent a tenfold increase from 2010.
Fleet Management Solutions
Companies are deploying fleet management solutions in three main ways:
- Physical asset movement and delivery: This includes fleets of largely semi-trailer trucks that transport goods to fulfill consumers’ or business’ orders. These fleets can handle long-haul or last-mile delivery.
- Consumer transportation: This includes governments and businesses that use vehicles to transport people from one destination to another.
- Field-service vehicles: This includes vehicles operated mostly by businesses to transport employees as they perform their job functions.
- Geo Fencing
- Driver behavior Monitoring
- Maintenance Prompting
- Speed monitoring
- Fuel Monitoring
- vehicle reporting
- ignition control
- access control
- GPS real time locating
IoT Fleet Management Use cases and Business Objectives
IoT Fleet Management Use Cases
- Track and trace solution to optimize logistic operations
- Engine and tire monitoring to improve fuel efficiency and truck ROI
- Monitor refrigerated trailer to extend product freshness
IoT Fleet Management Business Objectives:
- Improve on-time delivery performance
- Reduce fuel consumption
- Extend operational life of trucks
- Reduce damaged goods
- Create new revenue streams