Fleet management can include a range of functions, such as vehicle financing, vehicle maintenance, vehicle telematics (tracking and diagnostics), driver management, speed management, fuel management and health and safety management.
Fleet Management is a function which allows companies which rely on transportation in business to remove or minimize the risks associated with vehicle investment, improving efficiency, productivity and reducing their overall transportation and staff costs, providing 100% compliance with government legislation (duty of care) and many more.
These functions can be dealt with by either an in-house fleet-management department or an outsourced fleet-management provider. According to market research from the independent analyst firm Berg Insight, the number of fleet management units deployed in commercial fleets in Europe will grow from 3.05 million units at the end of 2012 to 6.40 million in 2017. Even though the overall penetration level is just a few percent, some segments such as road transport will attain adoption rates above 31 percent.
Fleet management is an industry term used in reference to a broad range of solutions for vehicle–related applications that help companies manage their fleet of commercial motor vehicles, such as cars, vans, trucks and buses.
Fleet management can be split up in several disciplines. For example, financial fleet management focuses on all financial activities related to managing a vehicle fleet, whereas operational fleet management aims at the optimization between the business, drivers and the commercial vehicles. This optimization can be achieved via fleet management solutions: a combination of vehicle-based technology and Software-as-a-Service that help businesses improve vehicle performance, save fuel, support drivers and increase overall fleet efficiency.