Understanding Your Metrics to Improve Fleet Performance

In order to improve fleet performance and profitability, managers must carefully analyze essential data about each aspect of their fleet’s operations, from driver behavior, to semi-truck tire repair requests. A telematics system can automate this process; however, these systems can be quite costly — especially for smaller fleets. Instead, using a simple spreadsheet to capture your fleet’s essential data will help you gain a clearer understanding of where you can make changes to improve performance and profitability. In this post we show you how to understand your metrics to improve fleet performance.

The Essential Metrics You Will Need to Monitor

To get started with analyzing your fleet’s metrics, you’ll need to first understand which data matters most. Here are some of the most essential metrics you should analyze to gain a better understanding of your fleet performance:

• Downtime Report: This will help you identify vehicles and components that are nearing the end of their useful lifecycle, so you can plan ahead for replacement.
• Unit Damage Report: By tracking the damage type, associated costs, and the driver responsible, a unit damage report can help you monitor and correct bad driver behavior to prevent against unnecessary downtime, repairs, and maintenance.
• Repair Work Order Report: A monthly report of all fleet repair orders can provide optics into which units are weakest and are due for replacement.
• Labor Hours & Overtime Report: Regularly paying drivers overtime can bleed your budget dry, which is why it’s essential to have a report on all labor and overtime for your fleet.
• Rental Report: Track the length and frequency of your rentals with their associated costs to help identify whether buying or leasing a new truck could be more cost-effective.
• Efficiency Report: Monitor your scheduling, dispatching, route management, deliveries, miles driven, and number of stops to identify problems in efficiency and improve your bottom line.
• Fuel Consumption Report: Track the amount and frequency with which your drivers are fueling their vehicles to identify anomalies in your fuel consumption budget.
• Tire Replacement & Retread Report: Semi-truck tires account for a large amount of your total fleet budget, and carefully tracking each tire’s unit number, size, type (new or retread), tread, mileage interval since last replacement, vendor, cost per tire, and other data points can help reduce your total spend.

Tracking each of these key components can enable everything from deploying driver behavior corrective action to predicting repair and replacement needs for your semi-truck tires. In addition to analyzing metrics, fleet managers can benefit from partnering with a semi-truck tire preventative maintenance and retread provider like STTC.

STTC for Help Managing Your Fleet’s Needs

At STTC, our team of expert tire technicians can help you employ preventative semi-truck tire maintenance and maintain a regular retread schedule according to your fleet’s specific needs. Using your metrics to Improve Fleet Performance, we’ll help you identify areas of needed improvement, including semi-truck tire repair needs, maintenance programs, and roadside assistance that can help reduce downtime. Contact our team today to find out more about how STTC can help your fleet achieve greater productivity and profitability!