In today’s economic climate, fleets are under increasing pressure to reduce costs and maximize profits. The American Trucking Association estimates fleets spend $14B annually on technology, training, and safety systems and typically use less than 50% of available functionality. With tight budgets and ongoing economic uncertainties, it is paramount for fleets to question usage of all technology investments. In most instances, new investments are unwarranted, as additional savings and benefits can be gained by better understanding the capabilities of their existing solution portfolio. Conducting a strategic review of existing technologies adoption often leads to immediate process improvements. In many instances, establishing performance metrics coupled with measurement tools, not only ensures additional gains are realized, but provides you with a reliable method for easily tracking and quantifying progress.
At TechFlex, we help fleets by bringing a focused expertise and an objective perspective to operational challenges. Our team will assist in identifying what could be scenarios versus the costs of maintaining status quo. We believe for optimal performance processes must be standardized and results must be measured and monitored. Our commitment is to identify current state and work with your team to design future state which maximizes the value of technology you currently own.
Common Challenges Fleets Face
- Underutilized Technology: Often companies invest in fleet technology to solve a specific challenge and often fail to fully implement or optimize a solution to its fullest capability, leading to wasted potential and diminished ROI.
- Vendor Relationships: Collaboration with tech providers often falls short after the initial sale, leaving fleets to navigate challenges on their own.
- Budget Constraints: In tight markets, managing technology costs while ensuring a strong return is difficult without proper guidance and strategic planning.
How TechFlex Can Help
- Solution Requirements and Evaluation: We guide fleets in assessing their current technology landscape and identifying gaps. TechFlex works to ensure that the chosen solutions align with specific operational goals, streamlining processes and increasing operational efficiency.
- Contract Review and Optimization: Fleets often sign contracts that do not provide the best value or contain hidden costs. TechFlex’s contract review services ensure you are getting the most from your investments by negotiating terms that better suit your long-term goals and ensure suppliers are meeting their contractual obligations.
- Maximizing Solution Value: Post-implementation, we focus on maximizing ROI by working with you and your vendors to optimize the technology. Whether it’s ensuring full usage of a platform’s features or integrating multiple data to eliminate manual processes.