Tag: fleet management

In fleet management, determining the optimal vehicle replacement cycle is critical for operational efficiency, safety and costs. A poor decision impacts maintenance costs and cash flow. Advancements in telematics and leasing models are shifting practices.

The adoption of fleet management systems in South Africa is accelerating. This is leading to safer roads. To keep up with rapidly evolving telematics technology, fleet operators are advised to view their systems through a more holistic lens. According to the Fleet Management in South Africa 2024 report, the country’s fleet telematics market penetration rate is expected to rise. It is estimated to grow from 41.5% in 2021 to 68% of the total fleet vehicle population by 2026.

The future of fleet management in South Africa is supporting the need to reduce future fleet costs through direct cost savings or increased efficiencies and utilization gains. This is not simply restricted to fleet management but will be achieved in conjunction with technology advancements in service delivery and supply chain management activities.

At Bidvest Bank, we don’t see entrepreneurship as a short-term journey. As the finance partner to South Africa’s most successful entrepreneurs, we are invested in travelling the long road with you. We want to start your business journey with you and be your trusted financial advisor during growth and expansion but also through the difficult times.

Data could be the most valuable asset for any company in a data-driven future. CIOs will have to build frameworks and create methods to discover and realise the potential of their data. This will be crucial to increase the value provided to all stakeholders, and to secure the future success.

Data and analytics are important sources of information to track any fleet. Modern fleet management solutions can help fleet owners stay informed about the condition of their fleet. They can also now make informed decisions through accurate reporting and ultimately, reduce unnecessary costs by eliminating human errors.

No South African would contest the fact that many, though not all, of our roads are in a shocking state. For those responsible for the truck fleets that keep goods moving in, out and around the country, the state of our roads is an important factor that can impact both profitability and productivity.

Achieving seamless operations in any industry is an ongoing challenge. There are several trends that players in the material handling and industrial equipment industry should consider embracing if they want to remain relevant in an increasingly competitive 21st century.

The Administration Adjudication of Traffic Offences (AARTO) Act is likely to be on every motorist’s mind, considering that it is set to be implemented on 1 July 2021, and especially considering the dramatic impact the Demerit system will have on drivers.