Even when a business is doing well, margins can be razor thin, so keeping track of your off-road equipment fleet is an important job. Providing your project managers and crew with actionable data obtained from an IoT solution allows them to adapt to the situation immediately, help them control costs, and keep work orders on schedule. Reducing paperwork related to tracking utilization is priceless for any off-road equipment fleet manager.
The more closely you can analyze your spending on a project, the more efficient your operations can be. Real-time and historical data can assist in job costing by providing objective results, which improves the bottom line for fleet managers and prevents unexpected expenses. Accuracy in projecting and monitoring costs is essential, not just for current jobs, but also for bidding on new contracts. Half the battle is collecting detailed, historical data on all aspects of a project, from materials and labor to vehicles and equipment.
IoT solutions for off-road equipment help fleet managers collect the information on equipment, vehicles, operators and tools required for estimating and managing job costs. The right fleet management tools provide access to advanced real-time equipment data that can help increase visibility, expose blind spots, and optimize fleet operations through more efficient cost management.
Unlike a simple GPS or telematics solution, an IoT solution is more than a single technology - it is a combination of sensors, devices, networks and software that work together to unlock valuable, actionable data. For instance, Parker’s IoT solution for off-road equipment works by creating a digital link from traditional on-machine networks to a secure Parker cloud, and then presents information via a brandable, customizable, easy to configure digital interface that provides full visibility and advanced data insights.
These different IoT enabled components are placed in the equipment's diagnostic port and use GPS and accelerometer technology to gather information in real-time. For instance, with GPS tracking and geofencing, a user can be alerted the moment a piece of heavy equipment leaves the job site or when equipment is being operated outside scheduled work hours. Furthermore, in the case of Parker’s Mobile IoT solution, there is a customizable, web-based dashboard that enables fleet managers to analyze the collected data and identify different trends in driver behavior, as well as other metrics such as:
Access to this type of data has transformed the way fleet managers track and maintain company vehicles and equipment as well as how they manage drivers. With IoT technology, managers have complete visibility of their workforce, assets and costs. The visibility using data from an IoT solution for off-road fleet managers can reduce operating costs in the following areas:
Using sophisticated reporting tools and alerts available in an IoT solution for off-road equipment enables fleet managers to make faster decisions as well as help optimize routes, control workforce hours, integrate compliance tools, minimize regulatory violations and reduce fuel and maintenance costs. If the initial cost of procuring a monitoring system is giving you pause, think about the ROI you’ll get in the long run.
Delayed deliveries and slow service technicians will not only frustrate customers, but negative experiences can also cost you thousands in potential business. If you need help figuring out if an IoT solution like Parker’s Mobile IoT is right for your business, request a demo today.
Article contributed by Clint Quanstrom, IoT general manager, and Kyri McDonough, marketing communications manager, Parker Hannifin Corporation.
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