Guides - Major Fleet Management Challenges & How to Solve Them for Good (2024)

1. Managing High Costs

Cost management will always be the biggest challenge in fleet management. Cost management will significantly impact your ability to compete in the current and future markets.

Several or all of your fleet's operational processes may require continuous cost management. It's crucial to thoroughly analyze your current operations and concentrate on improving areas like your overall operation expenses, driver behavior, fuel costs and potential theft, and CO2 emissions.

The Solution:

Fleet managers have an outstanding obligation to monitor and curb unnecessary spending. Although it may seem difficult to overcome higher costs, cutting-edge technology solutions have made it possible to operate more cost-effectively and efficiently than ever before.

Deploying an AI-powered solution can positively impact your current fleet operations. Tourmo AI solutions can significantly reduce your overall operational costs, with up to a 20% decrease in fuel and maintenance expenses and up to a 10% decrease in insurance premiums.

2. Supply Chain Disruptions

Throughout 2022, ongoing supply chain disruptions are anticipated to persist well beyond this year. These disruptions have continued to impact consumers and businesses across all several industries due to lockdowns related to COVID, high fuel prices, increases in material costs, and material shortages.

Although supply chain disruptions will persist throughout the year and into the next, there are several effective ways you can deal with these fleet management challenges.

The Solution:

Because controlling market trends and volatile prices is outside of any fleet manager's control, it will be crucial to cut costs in areas of your business burdened by repetitive and time-consuming manual processes or that otherwise operate inefficiently.

To reduce your reliance on manual processing, advanced solutions—like the Tourmo AI platform—use AI technology and automated workflows to help you streamline your fleet management processes and improve the efficiency of your fleet.

By using Tourmo’s AI-powered solutions, you will gain immediate access to cutting-edge AI insights and the ability to integrate these insights back into your daily operations. Tourmo can reduce your manual overhead costs by up to 40%, lower human error rates, and dramatically increase your fleet management’s level of accuracy.

3. Fuel Management

For fleet enterprises, rising fuel costs are always a significant concern, but this is especially true in the current market. Although you have no control over fluctuating fuel prices, there are several practical ways to reduce fuel usage and costs.

Further, to reduce fuel expense, it will be necessary to identify fuel fraud and make greater efforts to eliminate fuel theft. The advantages of using an advanced solution will become apparent when you compare any manually-processed fuel mitigation strategy to currently available technological solutions.

The Solution:

The most frequently suggested solutions to reduce fuel consumption are hybrid and electric vehicles, telematics systems, and fuel card systems. However, we advise considering the cutting-edge CO2 & Fuel solution from Tourmo.

Our automated Fuel & CO2 solution can help you keep a close eye on the performance and fuel efficiency of your fleet while reducing fuel and maintenance costs by up to 20%.

Additionally, with mobility workflow automation Tourmo can analyze fuel transactions, spot signs of fuel theft, and help train drivers on how to use less fuel all without requiring manual processes.

7. Maintenance Issues

Unexpected maintenance problems can seriously interfere with your fleet's normal operations and lead to unexpected high costs. Thanks to modern technology and AI advancements, reactive maintenance issues are becoming a thing of the past.

Many technological solutions offer reporting and in-depth vehicle performance analysis, alerting fleet managers to potential problems before they become severe and require expensive repairs.

The Solution:

Regardless of your strategy, routine maintenance on your fleet vehicles is necessary to prevent costly breakdowns. You can also cut costs by performing regular inspections and ensuring your maintenance policy complies with current government requirements.