Business Challenge: Optimization of fleet operations to reduce costs
A leading trucking company wanted to optimize its fleet operations in order to reduce costs in the management of its fleet, and improve revenues.
Situation: High fleet management costs incurred due to improper management
The client wanted to reduce the costs it incurred due to regular vehicle breakdown, high fuel consumption of its vehicles and delivery delays. The client wanted complete fleet management solutions in order to identify, predict and eliminate any problems relating to fleet operations.
Solution/Approach: Fleet management analytics and predictive modeling
We integrated all of the client’s logistics data on a single platform and used fleet management analytics to map each vehicle usage, vehicle fuel consumption, time taken across regular routes, capacity and idle time, in order to optimize fleet management and ensure on-time transportation schedules.
Impact: Improved customer satisfaction and revenues
The client used our insights to predict vehicle problems, schedule preventive maintenance and ensure the fleet operations are efficiently managed. This reduced idle time, delays due to vehicle breakdown, and reduced the cost of distribution by 15%, which the client was able to also pass on to its customers.