Element Fleet Management Case Studies Telematics solution delivers immediate savings to service fleet

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	Telematics solution delivers immediate savings to service fleet Element Fleet Management

Telematics solution delivers immediate savings to service fleet

Element Fleet Management

Applicable Industries	Automotive
Applicable Functions	Logistics & Transportation
Use Cases	Fleet Management
Services	Data Science Services System Integration
Challenge	A national automotive supplier was looking to reduce the costs of its service fleet, which consisted of light, medium, and heavy trucks. The company also prioritized improving driver safety and sought recommendations on how to achieve these goals. The challenge was to find a solution that could help the company monitor its fleet, reduce costs, and enhance driver safety. Read More
About Customer	The customer is a national automotive supplier with a service fleet consisting of light, medium, and heavy trucks. The total fleet size is 900. The company utilizes various services including Accident, Acquisition, Financing, Maintenance, Telematics, and Title, Licensing & Registration. The company was keen on reducing the costs of its service fleet and improving driver safety. Read More
Solution	Element Fleet Management recommended the implementation of their Telematics service. This service combines advanced telematics hardware with knowledgeable consulting, robust reporting, and in-house support capabilities. Element specialists managed the installation of telematics devices in 900 units. They provided end-to-end management of the program, including data analytics and performance management. Read More Log in to view content
Contents

Applicable Industries

Automotive

Applicable Functions

Logistics & Transportation

Use Cases

Fleet Management

Services

Data Science Services

System Integration

Challenge

A national automotive supplier was looking to reduce the costs of its service fleet, which consisted of light, medium, and heavy trucks. The company also prioritized improving driver safety and sought recommendations on how to achieve these goals. The challenge was to find a solution that could help the company monitor its fleet, reduce costs, and enhance driver safety.

About Customer

The customer is a national automotive supplier with a service fleet consisting of light, medium, and heavy trucks. The total fleet size is 900. The company utilizes various services including Accident, Acquisition, Financing, Maintenance, Telematics, and Title, Licensing & Registration. The company was keen on reducing the costs of its service fleet and improving driver safety.

Solution

Element Fleet Management recommended the implementation of their Telematics service. This service combines advanced telematics hardware with knowledgeable consulting, robust reporting, and in-house support capabilities. Element specialists managed the installation of telematics devices in 900 units. They provided end-to-end management of the program, including data analytics and performance management.

Impact #1	The customer was able to reduce fuel consumption by nearly 10% by implementing telematics. This was achieved by eliminating unauthorized use of vehicles and reducing fuel consumption by monitoring drivers to ensure they were following designated routes.
Impact #2	The company's accident spend was reduced by 32% as a result of immediate notifications sent to managers when drivers didn’t wear seat belts or went over the posted speed limits.

Impact #1

The customer was able to reduce fuel consumption by nearly 10% by implementing telematics. This was achieved by eliminating unauthorized use of vehicles and reducing fuel consumption by monitoring drivers to ensure they were following designated routes.

Impact #2

The company's accident spend was reduced by 32% as a result of immediate notifications sent to managers when drivers didn’t wear seat belts or went over the posted speed limits.

Benefit #1	Fuel savings of over $500,000
Benefit #2	32% reduction in accident spend
Benefit #3	$2 million cost reduction in six months after implementing telematics

Benefit #1

Fuel savings of over $500,000

Benefit #2

32% reduction in accident spend

Benefit #3

$2 million cost reduction in six months after implementing telematics

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Overview

Telematics solution delivers immediate savings to service fleet

Operational Impact

Quantitative Benefit