6 Reasons your Trucking Business needs MRM
Nearly 75 percent of the U.S. workforce is mobile, performing at least part of their jobs outside the traditional workspace, according to IDC. And a significant amount of them are working in the fleet industry, including OTR and long haul drivers. Do you have the tools you need to effectively manage your mobile fleet?
What are the benefits of an MRM solution?
There are plenty of benefits, and as the technology evolves and developers of fleet management solutions find new uses for it, the list is sure to grow.
For example, there are savings on insurance premiums. Depending upon the insurance carrier, implementing MRM can result in insurance savings up to 30 percent.
And what about improved productivity?
Organizations that implement a mobile resource management solution report up to 50 percent higher productivity for each vehicle in terms of jobs completed per day. And report a significant reduction in payments to third party contractors who do any overflow work that the organization cannot handle with internal work crews.
The Aberdeen Group report found that organizations with small fleets experienced a 23 percent increase in the total number of service calls completed per day per technician, once GPS vehicle tracking was installed in their fleets.
The report suggested six ways that MRM can benefit your fleet:
- Reduce insurance premiums up to 30%
- Boost productivity
- 13.2 percent reduction in fuel costs
- 19.2 percent decrease in miles traveled
- 27.4 percent improvement in fleet utilization
- 23.8 percent improvement in response times
MRM devices on the increase
According to the U.S. Mobile Resource Management Systems market study, MRM devices in use will increase to more than 6.5 million units by 2012 — totaling $2.5 billion in MRM hardware and service revenues.
By 2013, Frost & Sullivan forecasts more than 11 million MRM users in the United States alone.
That’s almost a 100% increase in the next 18 months and signals the increased emphasis managers, and industry in general, are placing on location-based services and effectively managing their mobile staff.
Organizations indicate that they currently monitor and track the location of 35 percent of their workers and 47 percent of their vehicles. This is up from averages of 23 percent for workers and 35 percent for vehicles in 2008.
Do you have the right tools?
If your organization hasn’t started down the road of sourcing an MRM solution, now’s the time to start looking. Working through the RFP process can be tedious and time consuming but always remember to keep your eyes on the prize and know exactly what you want to monitor, measure and manage.
For example, with your drivers you may require safe driving at all times, so you want your MRM to monitor aspects of their driving such as hard braking, acceleration, swerving, speeding or other risky driving habits. Make sure your software has the insight to be able to alert you to any type of behavior you want to improve.
Productivity may be another factor you want to manage carefully and you’ll likely be hoping an MRM solution can not only measure how efficiently your staff are working but also suggest ways you can optimize your workforce, such as changing the sales territories or working a compressed week. MRM solutions such as Telogis Route can help you do some sophisticated planning to uncover huge cost savings across the entire fleet.
Make a start today to switch your organization on to an MRM solution and before long you’ll be coping successfully, and benefiting from, the growing trend towards Mobile Resource Management.