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Improve bottom-line with enhanced fleet management features

Most fleet managers face challenges in day-to-day operations to optimize load, improve driver productivity, reduce fuel expenditures, check wear and tear of assets, and more, which ultimately leads to revenue losses. At the same time, increased fuel costs, low customer satisfaction, and an excessive maintenance bill compounds their problems. As a result, companies spend nearly 10 - 15 percent of the total cost of the goods per annum (on an average) to ensure that their fleet management gains efficiency.

Oracle Transport Management (OTM) with Oracle Fleet Management -- bring together all stakeholders on one platform, optimize resources, reduce transportation costs through better consolidation of orders with regard to resources, and also provide visibility into fleet resources.

Six key features of Oracle Fleet Management that improves efficiencies

  •  Automatic trip assignment: Fleet drivers can play a crucial part in the overall improvement of fleet metrics. If the drivers are utilized properly, it has an overall impact on fleet operations. Oracle Fleet Management optimizes automatic trip assignment using resources available at a given time and location
  •  Comprehensive tracking of driver's performance: It is always difficult for the fleet manager to keep track of driver breaks, which could impact the time to deliver shipments. Oracle Fleet Management evaluates a driver's hours of service and calculates the breaks required for the given duration of the trip
  • Consolidation of fleet data: In an enterprise, there are multiple information systems which need to function harmoniously and efficiently. Oracle Fleet Management and Oracle Transportation Management brings all stakeholders on a single platform for better communication and visibility
  • Real-time visibility into resources and traffic: As fleet operations are geographically widespread, fleet managers find it difficult to establish communication with their drivers or locate them. Oracle Fleet Management provides real-time visibility of fleet resources via an on-board device (TOMTOM, Teletrac Navman, etc.). Through an enhanced user interface (UI), it also enables fleet managers to view the last location of the driver and current traffic conditions on a map to plan out activities in a better way
  • Compliance with rules and regulations: Rules and regulations are set by authorities to ensure driver safety primarily. According to the Federal Motor Carrier Safety Administration (FMCSA) fact file, in 2014, nearly 3,978 trucks and buses were involved in fatal crashes. The second most common cause for crashes were fatigue, illness, etc. By setting an hours of service rule and managing availability as per events for each driver, Oracle Fleet Management contributes to optimal planning, driver safety, and avoids breaches of the rules and regulations set by the country's authority
  • Reduction in manual financial settlements: The transportation of goods always involves a lot of paperwork, and maintaining finances manually is a tedious task, not to mention time consuming. Oracle Fleet Management aids in the reduction of paperwork and automatically segregates payables to drivers and external carriers, making the process transparent and reliable

Implementing Oracle Fleet Management enables your business to have real-time visibility of fleet resources, reduced IT development and support costs, and improved cash-to-cash cycle time. The direct result of this is the decrease in transportation costs by 5 - 25 percent with better consolidation and resource optimization. Business productivity shows a marked increase of 5 - 30 percent as all stakeholders function via a single platform. This also helps in enabling better service time and improves customer satisfaction.

Written by: Pratik Udhishter Sharma

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