Fleet Management & Forklift Safety Blog

The Value of Telematic Data for Large & Small Fleet Management

Posted by Thelma Marshall on Sep 7, 2017 3:00:00 AM

Whether your enterprise and your fleet is big or small, having access to quality data makes managing operations easier and much more cost effective.  P1010385 SCL 2.jpg

The fact is, even small organizations should be tracking the metrics. Today it is easier than ever to find great entry-level functionality for your fleet. 

Advanced telematics is not just for large companies 

From tracking individual forklifts to a complete fleet-management solution, telematics documents impacts, speaks the language of fault codes for maintenance monitoring, and even monitors operator skill and behaviors.  

This allows managers to truly know what is happening, where, and most importantly why. It facilitates informed decisions, reduces accidents and injuries, and helps avoids OSHA fines.  

For example:  

Your company has a fleet of five forklifts, which operate daily throughout your warehouse. If everything is documented manually, you may or may not have accurate accident logs. And what if those logs are stored on a spreadsheet on someone’s computer, meaning they're not quickly accessible if OSHA were to arrive for an inspection? 

Also, if there is an accident, the first thing OSHA will want to see is a completed, documented safety checklist. OSHA may question if the lift-truck was operating correctly prior to the impact. Proof and documentation are key to protecting your company from significant liability. 

Other ways telematic data cuts costs dramatically 

A warehouse or distribution center that leverages telematic data may also be able to cut the cost of insurance premiums. In a recent interview regarding fleet management with Modern Materials Handling, Richard Sorenson, director of product management at TotalTrax, points out this hidden benefit. 

“Companies may get reduced premiums on their workman’s compensation and business insurances, as well as loss avoidance on product, property and injury [coverage],” said Sorenson. 

“Workman’s comp, for example, factors the Experienced Modification Rate (used to gauge past cost of injuries and future chances of risk) into the computation of premiums.”  

So, the lower an enterprise’s EMR is which is proven by telematic data the lower the company’s worker’s compensation insurance premiums. 

What is your management system costing you? 

Still wonder if a telematics solution could save you money? Consider the hidden value in having “actionable” information at your fingertips, instantly. In most warehouse or DC operations, putting out daily fires is often the priority, not focusing on goals and proactive management. 

Weigh the value of: 

  • Detailed, accurate information on how well operators are doing as individuals and in comparison to other operators 
  • Tracking and documenting the speed each operator is driving 
  • A tally of the number of impacts or near-misses each operator has been involved in 
  • Documentation by operator of safety checklist failures, activity, and certifications 
  • Data that highlights areas where improvement is needed so retraining can be customized 
  • Optimized fleet routing for safer, faster operation and correct fleet utilization 

The next step is estimating what detailed fleet management data could provide your enterprise, and which telematics platform will best meet your needs now and in the future. 

 

Topics: CommandPulseDX, DC, Documentation of impacts, fleet vehicle tracking, smart trucks, proactive warehouse solutions

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