Everything You Need to Know About Fleet Asset Management Technologies

Everything You Need to Know About Fleet Asset Management Technologies
Posted by PS Energy Group on

Trying to run your fleet without a robust asset management program powered by advanced fleet technologies is like sending your drivers to job sites without routes. They might eventually get there, but along the way, you’ll have wasted time, money, and resources — on top of giving your customers a good reason to stop doing business with you.

And who can afford that?

How Fleet Asset Management Technologies Reduce Complexities

With fixed and mobile assets — drivers, vehicles, and aboveground fuel tanks — spread across multiple locations, managing and monitoring assets is more complex and challenging than ever.

Without the right tools, handling multiple tasks can become overwhelming for even the most experienced fleet managers. That’s why technologies such as automated vehicle location (AVL), GPS tracking, telematics, and tank monitoring aren’t just nice to have in your fleet operations arsenal — they’re essential for staying competitive.

These technologies give you greater control over your assets and ensure they are where they’re needed when they’re needed. Plus, the data they provide is invaluable. You gain real-time insights that enable you to:

  • Make more informed decisions
  • Reduce costs
  • Improve efficiencies
  • Increase profitability
  • Keep customers satisfied

To better understand how fleet asset management technologies can drive continuous improvement, let’s look at the capabilities and operational benefits of each.

Automated Vehicle Location (AVL): Instant GPS Location and Motion Updates

AVL technology combines GPS tracking and advanced communication tools to give you instant visibility into the location, status, and movement of your vehicles, equipment, and personnel. With this insight, you can make faster and smarter, data-driven decisions that keep your drivers safe and productive, and your operations running smoothly.

Operational Benefits:

  • Facilitates Rapid Response Times: Knowing the location of your vehicles allows quicker and more efficient response times to job sites, service calls, and deliveries.
  • Enables Efficient Routing: AVL and GPS technologies enable real-time optimization of routes to the safest, quickest, and most efficient paths, helping you avoid delays and remain on schedule.
  • Improves Safety and Accountability: With driver behavior and movement monitoring, you know if safe driving practices are being followed.
  • Optimizes Asset and Resource Management: Real-time tracking of multiple assets enhances resource allocation, improves coordination, and minimizes unnecessary delays.
  • Streamlines Compliance and Reporting: AVL and GPS systems automatically generate reports for compliance or post-incident analysis, providing proof that correct procedures were followed. 

Telematics: Actionable Insights Into Vehicle Health and Driver Behavior

Beyond AVL and GPS capabilities, telematics uses advanced sensors to monitor vehicle systems, driver behavior, and overall performance in real time. It enables faster, data-driven decisions that reduce risk, improve efficiency, protect assets, and extend vehicle life.  

Operational Benefits:

  • Maximizes Uptime With Real-Time Vehicle Health Monitoring: Telematics keeps your fleet road-ready by detecting issues such as engine faults, low tire pressure, or battery failure before they escalate. With proactive maintenance alerts, you can take immediate action to prevent costly repairs, breakdowns, and unexpected downtime. Continuous monitoring also extends vehicle life and ensures they are running at peak performance.
  • Enhances Driver Behavior Insights: Telematics provides real-time monitoring of behaviors such as speeding, fatigue, and harsh braking or acceleration, which helps promote safer, more responsible driving. The data collected also supports targeted training, strengthens accountability, and provides documentation for performance reviews or insurance purposes. 

Tank Monitoring: Real-Time Visibility and Control

Running out of fuel can disrupt operations, cause costly delays, and ruin your reputation. Tank monitoring technology lets you remotely track your aboveground fuel tanks anytime, from anywhere. With real-time visibility and alerts into inventory levels, you’ll have the fuel you need to maintain uninterrupted operations.

Operational Benefits:

  • Prevents Runouts: Accurate inventory and usage data, along with real-time alerts, allow you to prioritize refueling with your fuel provider.
  • Reduces Risk of Theft or Loss: Tank monitoring can detect sudden drops due to theft, unauthorized use, or leaks, which enables you to act quickly to address the issue.
  • Supports Compliance and Accountability: Having accurate tank data ensures compliance with fuel storage and usage regulations and provides a record for post-incident analysis and reporting.

Driving Long-Term Success

Investing in technologies like AVL, GPS tracking, telematics, and tank monitoring is about keeping pace with the fleet management industry and having the tools to operate smarter, faster, and more efficiently. By turning data into action, you can reduce costs, maximize uptime, and deliver exceptional customer service while positioning your operations for long-term success.

Now that’s a wise investment.

Interested in fleet asset management technology to gain control over your fixed and mobile assets? Check out etrac™, PS Energy’s fully integrated and wireless asset management solution.