Customers can access the new tools through GE Capital Fleet Services’ strategic consulting services (SCS) group, a team of fleet consultants that has helped GE customers identify more than $1.6 billion in potential cost savings over the past five years, the company says.
Working with GE Capital Fleet Services’ consultants, customers are able to use the new analytical tools to capture, analyze and act on their fleet data for real-time benchmarking, optimization and fleet rightsizing via cargo rationalization.
Through the real-time benchmarking tool, fully outsourced fleet management customers can tap into GE’s data warehouse — which includes detailed maintenance, fuel and accident information for more than 800,000 fleet vehicles — for real-time benchmarking data to evaluate their fleet’s performance. GE’s fully outsourced fleet management customers can gain access to highly customized comparisons of how their fleet is performing in relation to other fleets of similar size and composition, and compare benchmarking data across any stage of their fleet’s life.
By comparing a fleet’s actual performance with GE’s benchmarking data, fully outsourced fleet management customers can now quantify and prioritize more than 40 different cost savings and performance improvement opportunities. With access to customized and tangible solutions, customers can minimize expenditures based on their own business operations and needs, and maximize the return on investment of their fleet, GE says.
According to GE, rightsizing is one of the most cost-effective ways to optimize a fleet’s performance. By taking into account vehicle selection criteria including cargo space, safety and business need, GE’s fully outsourced fleet management customers can now identify the appropriate size and type of vehicles for the job, thereby improving both fuel economy and resale values.
Cargo rationalization has significant influence on four key areas of successful fleet management: productivity, safety, total cost of ownership and environmental performance. GE says its new cargo rationalization tool gives fleet managers the ability to make improvements in each of the four areas.