Latest Innovation Knocking-in Fleet Management System Industry

Latest Innovation Knocking-in Fleet Management System Industry


Fleet (vehicle) management can include a variety of functions, such as vehicle leasing and financing, vehicle maintenance, licensing and compliance, supply chain management, accident management and subrogation, vehicle telematics (tracking and diagnostics) , driver management, speed management, fuel. management, health and safety management and vehicle remarketing. Fleet management is a function that allows companies that depend on transportation in business to eliminate or minimize the risks associated with investing in vehicles, improving efficiency, productivity and reducing their overall transportation and personnel costs, while meeting 100 % with government legislation (duty of care). and many more.

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Some of the key players of Fleet Management System Industry:

Teletrac Navman, Nextraq, GPS Insight, Geotab, Chevin Fleet Solutions, Masternaut, Ctrack, Wheels, Inc, Verizon Connect, Azuga, ARI Fleet Management, Donlen Corporation, Trimble

These functions can be performed by an internal fleet management department or an outsourced fleet management provider. The number of light vehicles registered in commercial fleets in Europe in 2016 was 15 million and 19.5 million in North America. Even with these record record figures, light vehicles represent only 62% of all fleet sales. The range of functions involved in fleet management are highly interrelated and generally integrated. While some services and products can be purchased separately, a general system is required that integrates data from various functions for optimal performance. Vehicle tracking systems provide a series of data points related to engine diagnostics, driving behaviors, and geographic location.

But there are a multitude of other data points outside of vehicle tracking systems that have a significant impact on fleet performance. Fuel transaction data, maintenance repair data, individual vehicle documents such as vehicle records, titles and travel permits, supply chain data including vehicle and equipment specifications, warranties, manufacturing and delivery data, Vehicle identification data and driver-centric data such as acceptance of fleet policies, completion of required safety training, as well as demographic data on job types all contribute to the universe of fleet data . The more specialized functions a fleet performs, the more systems and data points will be involved in the integration.

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