Asset Utilization Case Study
Asset Utilization Tracking for Vehicles and Equipment
Comprehensive tracking solutions for vehicle and equipment utilization, including trip reporting, time on site, runtime and location history.
Overview
Measure and analyze asset utilization across your whole fleet and by asset. Gain awareness and visibility of:
Vehicle Trips
Start time, end time, trip distance, trip duration.
Location History
Where assets have been, how long they have been on site, what they have been doing.
Driver Behavior
Speeding, harsh braking or cornering.
Runtime and Mileage
Keep track of maintenance milestones automatically and transform planned maintenance from reactive to proactive.
Idle, Condition and Time In State
Understand idle time, how long assets have been running without working or forgotten and underutilized. Understand how long assets are in downtime and in need in repair (time to fault resolution).
Time On Site
How long have assets been at a location, have they been running, provide evidence for billing.
The Problem
Businesses often face challenges understanding the utilization of their vehicles and equipment. This results in inefficiencies, underutilization of assets, and increased operational costs.
Pain Points
Lack insight into asset location and utilization.
Asset are lost or misplaced – can’t keep track of inventory.
Don’t know who is using assets, where or for how long.
Customers question billing and it is difficult to resolve disputes without evidence of asset use and time on site (lack proof of service).
Don’t understand how vehicles are being used, where they have been, time on location or who is using them.
Questions about asset productivity and idle time leave management frustrated and create trust issues and friction with staff.
Vehicle and asset maintenance is reactive, lacks forward insight and leads to unplanned downtime, delays and additional costs.
Fleets are not right-sized. No insight into over or underutilization. No insight into where assets are needed most.
Unnecessary equipment hire as suitable assets cannot be located or there is limited insight into equipment availability. This leads to avoidable additional costs.
The Solution
Blackhawk.io provides a comprehensive solution for asset utilization tracking, offering a range of features and capabilities to address these challenges:
Trip Reporting
Monitor and report on the details of each trip, including start and end times, distances travelled, and stops made.
Time On Site
Track the duration of time vehicles and equipment spend at specific locations to ensure optimal utilization and support accounting and billing.
Runtime Monitoring
Measure the actual runtime of equipment to plan maintenance schedules and reduce downtime.
Location History
Maintain a detailed history of asset activity and locations to analyze usage patterns and improve resource allocation.
Driver Behavior
Help drivers improve by monitoring speeding, and harsh operation (cornering and braking).
Real-Time Data Access
Access up-to-date information on asset utilization to make informed decisions and improve operational efficiency.
Automated Alerts and Notifications
Receive alerts for unauthorized usage, excessive idling, or deviations from normal routines.
Integration
Seamlessly integrate with ERP, CMMS, and other enterprise systems for comprehensive asset management.
The Benefits
Implementing asset utilization tracking provides numerous benefits:
Improved Efficiency
Optimize the use of vehicles and equipment by identifying underutilized assets and reallocating resources as needed.
Optimize Resource Allocation
Make data-driven decisions to allocate resources more effectively, right-size your fleet and reduce operational costs.
Reduced Downtime
Plan maintenance schedules based on actual runtime, minimizing unplanned downtime and extending asset lifespan.
Better Compliance
Ensure regulatory compliance by maintaining accurate records of asset usage and locations.
Real-Time Insights
Gain real-time visibility into asset utilization to respond quickly to changing operational needs.
Cost Savings
Reduce fuel consumption, maintenance costs, and overall operational expenses through optimized asset management.
Who Benefits
Operations Teams
Improve operational efficiency and visibility of asset utilization, improve productivity and reduce unnecessary equipment hire.
Maintenance / Service Department
Improve resource planning and visibility of maintenance needs as well as real-time alerting and supporting information such as location, timestamps and photos.
Management
Asset managers and C-level management have greater oversight and insight of asset maintenance and lifecycle. Compliance is better managed, and safety and compliance standards are measured and visible.
Finance
Understanding utilization leads to fleet right-sizing and resource allocation, lower costs and higher profitability, frees up capital for other investments or debt servicing.
Use Cases
Real-world examples of how asset utilization tracking has helped our customers:
GSE Airline Operations
