A. Leveraging and analyzing data to develop insights for fleet optimization is a topic I am passionate about. Data analytics is what makes a reliable fleet management company so valuable. By collecting and analyzing fleet data, we are able to predict costs moving forward, marketing conditions, and determine to most beneficial time to buy and sell vehicles. Saving our clients tens of thousands of dollars, along the way.
Fleet replacement technology allows our team of fleet strategists to assemble and analyze multiple data points – including vehicle type, mileage, miles per gallon, age and projected future maintenance –for our dedicated account managers and clients to reference. The tool aggregates metrics and projections from our extensive data warehouse, offering an unprecedented level of information and credibility.
Without this technology, it would take several hours, potentially spread over several days to obtain and manually interpret data. Causing delayed decision making and introduces potential for error. But with software like Enterprise’s new Fleet Replacement Analysis tool, account managers and our clients have access to a full analysis that enables them to timely and informed decisions regarding vehicle cycling. Enterprise Fleet Management technology provides clients with an objective, forward-looking picture of their “Total Cost of Ownership,” which is based on client data and collectively agreed upon with each client. Total Cost of Ownership refers to the direct and indirect expenses of purchasing and operating vehicles – including remarketing values, operating expenses (fuel, maintenance and insurance) and vehicle expenses (depreciation and interest).
By providing greater efficiency and mobility, it reinforces our longtime focus on providing client service on a hyper-local level. In addition, it allows our employees to redirect time and energy previously spent on data collection toward our ongoing commitment to delivering complete customer satisfaction.