Fleet telematics program will take your business to the next level of productivity and efficiency. Implementing an innovative telematics system will help your business grow in a very competitive industry niche. Investing in a telematics program will reduce your logistical fuel costs and significantly reduce the risk of an auto accident. Apart from the huge savings in fuel costs, the program will allow your business to save precious labor costs. Here are some steps you need to take to ensure careful implementation of a telematics program for your business.
Locate and Label the Assets that Need Tracking
To start the telematics program implementation, the first step in the process is to identify and label each fixed asset that requires constant tracking. These assets include cars, trucks and other vehicles and machinery owned by the company. All this machinery, vehicles and equipment will be included in the tracking system, which will improve the efficiency of your business over time.
Share the Telematics Program Details with your Employees
As with any other new technology, the telematics program requires employees to be aware of how the process functions and how each part of the machinery operates. It is natural for employees to be slightly apprehensive about such a major change, but organizations regularly see employees are initally unsure about new changes in their business operations. Owners should explain why the company needs to have an innovative telematics program and explain the different benefits it provides.
Metrics that Require Tracking and Measurement
Implementing a brand new telematics system developed by an experienced risk management company will allow your company to track different metrics, which include:
Wear and tear metrics: These types of metrics allows your business to keep track of all the machinery and equipment. The metric tracking will determine a schedule for when particular machinery or vehicles need regular maintenance.
The Size of the Fleet: Tracking the fleet size of your business vehicles will give you a chance to assign vehicles to particular individuals to perform their duties effectively. It will help identify which vehicle is currently on the route and which vehicles are at your disposal.
Driver Performance: Tracking a driver’s performance will help your business keep track of all its drivers and determine how each performs, which helps reduce the risk of accidents and reduces fuel expenses.
Calculate the Overall Distance Travelled: Tracking the distance travelled by each vehicle in the fleet will help determine the overall time each vehicle has spent on the road.
If you want to learn more about telematics program implementation or wish to find more risk management solutions, contact SIA Insurance Group by calling at (630) 325-4000.
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