Cost savings: How much do companies save with a fleet management solution?
One of the main advantages of adopting a fleet management system is cost savings. Fuel, maintenance, insurance, fines, among others, there are many aspects in which savings can be made with the help of telematics solutions.
In this article, we will present real-world examples of companies of different industries and sizes that are already reaping the benefits in terms of cost savings thanks to fleet management technology.
Bujarkay: "We have been able to save around 160,000 euros per year by reducing insurance premiums."
Bujarkay is a vehicle rental company specialized in 4×4 traction. It has a fleet of approximately 2,000 vehicles, and is responsible for managing all related aspects, such as insurance, maintenance, repairs, roadside assistance, among others. Their goal in implementing a telematics solution was to ensure the optimal condition of the vehicles.
“Thanks to the improvement in the accident rate, we have managed to reduce insurance premiums by around €160,000 per year,” the company says. In addition, Bujarkay has been able to reduce the number of fraudulent accident cases through vehicle location and driving data.
But cost savings are not limited to this. The company was also able to recover four stolen vehicles, with a total value of 120,000 euros.
Covirán: "We have managed to reduce more than 159,000 liters of diesel per year".
Covirán is a cooperative dedicated to food distribution, with more than 3,000 supermarkets in the Iberian Peninsula. Its objective was to control last-mile distribution and offer a close service to its partners.
Although the company mainly highlights the improvement in service, it has also achieved significant cost savings. Covirán has managed to reduce more than 159,000 liters of diesel fuel and more than 443,000 tons of CO2 per year.
Aszende: "We have achieved a fuel cost reduction of 15%".
Aszende is a company specialized in the manufacture, assembly and maintenance of elevators and freight elevators. With a fleet of around 160 vehicles, their objectives in implementing a fleet management solution included optimizing response times to customers, controlling mileage and reducing fuel consumption.
The company has been able to achieve all of these objectives, including cost savings. “Since the first months of implementation, we have achieved a 15% reduction in fuel cost compared to the monthly bill.”
Telyman: "We have reduced fuel costs by 4.6%".
To define your transportation KPIs effectively, you must focus on the key components of the operation, such as cost, service, compliance and maintenance. Once you have evaluated these components, the company will be able to analyze performance in each area more efficiently and define KPIs to make informed decisions and improve performance.
Once the KPIs have been established, the work has just begun. You must constantly monitor and analyze results, identify problems and opportunities for improvement, set goals and objectives to drive better performance. It is important to share the results with all areas of the company, including employees, customers and shareholders, to evaluate the performance and progress of the strategies and take actions accordingly.
MAT Group: "We have identified that maintenance costs have been reduced by around 4%".
MAT Group is a company dedicated to transportation and construction. It has a fleet of approximately 1,000 vehicles that travel around 45 million kilometers per year. In order to increase the productivity of their fleet, they decided to embark on a digital transformation project with Webfleet.
In addition to meeting its objectives of improving fleet operability, the company has managed to reduce its maintenance costs by 4%. “Given the size of our fleet, this figure is not insignificant.”
