Asset Productivity2019-07-16T22:58:40+10:00

Asset Productivity

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Doing More, Using Less

With increasing costs and time pressures, organisations are focusing on asset productivity.

Fleets pose a variety of challenges that impact productivity. Planning and dispatching with insufficient visibility and data, driver behaviour, unanticipated breakdowns and unauthorised use are just some of the challenges faced, managing the productivity of your organisation’s assets.

Many of the opportunities for fleets to become more efficient can be enabled through a comprehensive In-Vehicle Monitoring System (IVMS).

asset productivity, Asset Productivity

Identify idling and under-utilised assets

Ensure your assets are productive and utilised to their maximum capacity.

asset productivity, Asset Productivity

Right size and type your fleet

Have the right vehicles for the job, and the right number of vehicles to complete it.

asset productivity, Asset Productivity

Proactive maintenance

Avoid unscheduled maintenance and repairs, and maximise the operational lifetime of your assets.

asset productivity, Asset Productivity

Improved job dispatch and routing

Save time and related operating expenses by driving more efficiently to jobs and sites.

Maximising Asset Productivity

To become more productive the operations of the fleet and other assets need to be visible. Tracking and usage data are vital to understanding usage patterns across the time of day, day of week and seasons across the year. It is also necessary to measure the productive use of assets through the capture of input data related to the operation of their core activities.

For fleet vehicles, this visibility enables improved management of fleet maintenance. Proactive maintenance management ensures fleets avoid unscheduled and costly downtime while maximising the operational lifetime of your fleet and assets.

asset productivity, Asset Productivity
asset productivity, Asset Productivity

With improved visibility and insightful data, allocation and routing of fleet vehicles can be more efficiently implemented. Integration of a fleet management solution has been shown to reduce the total distance travelled by 10.6%, providing significant savings in vehicle maintenance, operational costs, and rationalisation of fleet size.

Visibility also improves asset availability by ensuring access and locating of vehicles in shared fleets is streamlined, improving operational productivity, and understanding of the fleet use profile.

Rationalisation of fleets ensures the fleet size and type matches the fleet’s requirements with demand and ensures that utilisation is maximised without affecting operations. It also ensures that the appropriate vehicles are available for the job, which reduces operational costs.

Case Study
Construction Company

Before installing telematics, a Smartrak customer typically sent two diggers to worksites, assuming they would be needed at the same time during the day. However, after installing telematics (including the capture of boom activity) the customer quickly saw this wasn’t the case. By sending one digger to sites and floating the others between sites upon demand the customer was able to streamline operations.

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