Because of COVID-19, many fleets are seeing operational expenses go down because they’re racking up fewer miles, and fleet managers may have more time on their hands than usual. But once the pandemic passes, that’s all going to reverse, and fleets may be struggling again to find savings in the face of even tighter budgets.
That’s why Verizon Connect, one of the world’s biggest providers of telematics services, is urging fleet managers to take advantage of any new-found downtime to take a closer look for any operational inefficiencies their telematics systems data can reveal.
“According to Kevin Aries, Leader, Product Success, Verizon Connect, ‘Now is the ideal time for fleet owners to constructively take stock of existing processes and establish new procedures to help strengthen the business to emerge stronger in the post-COVID-19 world. Especially for companies that are existing Verizon Connect customers, but aren’t as close to the product as they want to be or want more training to create different reports.'”
Items to check include: vehicles overdue for repair-avoiding preventive maintenance; engine diagnostics indicating the need for parts replacement; fuel expense overspending due to excessive idling, speeding, inefficient route management, unauthorized vehicle use and fuel card fraud; whether the fleet’s insurance carrier is delivering discounts for its use of telematics, and the need for customizable reports to keep better track of fleet key performance indicators.
Read the article on Verizon Connect’s website.