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

Telematics solution delivers immediate savings to service fleet

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Company Size
1,000+
Region
  • America
Country
  • United States
Product
  • Telematics service
Tech Stack
  • Telematics hardware
  • Data analytics
Implementation Scale
  • Enterprise-wide Deployment
Impact Metrics
  • Cost Savings
  • Productivity Improvements
Applicable Industries
  • Automotive
Applicable Functions
  • Logistics & Transportation
Use Cases
  • Fleet Management
Services
  • Data Science Services
  • System Integration
About The 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.
The 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.
The 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.
Operational Impact
  • 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.
  • 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.
Quantitative Benefit
  • Fuel savings of over $500,000
  • 32% reduction in accident spend
  • $2 million cost reduction in six months after implementing telematics

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