How to Integrate Supply Chain Data to Modernize the Fleet Leasing Experience

August 21st, 2024 | by Ridecell | Posted in: Insight on Things

Supply chain management is critical to effective fleet management and leasing. When all elements of your supply chain work harmoniously, everyone wins. When fleet management companies (FMCs) integrate the elements and nodes of their supply chain, they modernize the fleet and leasing experience to deliver a superior customer experience throughout the vehicle lifecycle.

The Supply Chain and Fleet Vehicle Management

Moving vehicles and parts to the right places at the right times is central to robust fleet management. Customers need their FMCs to consolidate various data systems and fleet management views so all relevant fleet and leasing information is in one place.

Most fleet management data exists within siloed programs, creating disruptions for the FMC, vendors, and clients at every turn. Disjointed data systems can wreak havoc on supply chain management, negatively affecting the fleet and leasing experience.

Integrating your supply chain is essential to modernizing fleet management. The Ridecell platform creates cohesion within lifecycle data and management, helping your team

  • Blueprint processes to map your entire company’s process flows and discover blind spots and bottlenecks.
  • Break through information siloes to surface insights across systems, geographies, and business models to run your business smarter.
  • Orchestrate improvements to transform how your employees work by automating operations for operational efficiencies and a better client experience.

Automate and Integrate for Seamless Operations

FMCs are primed for a digital overhaul of their fleet and leasing operations. Integration tools like the Ridecell platform allow you to automate manual tasks to create seamless processes throughout your supply chain and vehicle lifecycle.

Automation within vehicle lifecycle management can include everything from fitting instructions and customer delivery to scheduling in-use servicing and preventative maintenance and more. Once ordered and tracked manually, these tasks can now be done automatically, saving teams time and energy and allowing them to focus on areas that require their talents. This could involve analyzing data to identify trends, developing new strategies for fleet optimization, or improving customer service. Automating and integrating your supply chain management allows you to reallocate human resources to areas where they can add the most value.

Streamlining systems across the supply chain helps FMCs improve efficiency and reduce cost while enhancing their clients’ fleet and leasing experiences. Automation and data integration empower companies with the agility to meet evolving customer demands in a fast-paced market.

Leverage Vehicle Data for Comprehensive Insights

Today’s fleet management supply chains generate vast amounts of data – from supplier metrics to vehicle telematics. Harnessing this data allows companies to gain comprehensive insights into every aspect of their fleet and leasing operations.

Data-driven decision-making involves collecting and analyzing this data to surface insights that allow you to

  • Track supplier performance across vendors
  • Visualize the impact of activities to prioritize cost savings and revenue growth
  • Uncover underutilized assets and gain complete vehicle usage visibility

Predictive Analytics for Proactive Management

Predictive analytics uses historical data to build an individualized predictive maintenance plan for each vehicle, enabling proactive management of your supply chain. Automated maintenance scheduling systems can track the usage and condition of each vehicle, automatically scheduling preventive maintenance based on mileage, hours of operation, or condition-based monitoring before issues arise and repairs become necessary.

A proactive approach reduces the occurrence of unexpected breakdowns and disruptions in the vehicle lifecycle and supply chain. This minimizes downtime, extends the life of the fleet, and reduces repair costs.

For leasing operations specifically, predictive analytics can help forecast demand trends, allowing for better planning and inventory management so that FMCs can expedite vehicle delivery. Preparing vehicles for lease usually requires dozens of steps, multiple vendors, and several relocations before the vehicle is delivered to the customer. Automating processes within the vehicle lifecycle optimizes leasing to provide the ideal client experience for every lease, including increasingly popular short-term leases.

Optimize Inventory Management

Inventory management plays a significant role in an FMC’s supply chain. Implementing automation in inventory management allows for real-time monitoring that provides information regarding stock levels, triggering replenishment orders when they meet threshold levels.

This modernized inventory approach reduces excess inventory and associated carrying and storage costs. Automation also aids in tracking vehicles across locations, providing a centralized view of stock levels and enabling better decision-making across the supply chain.

Enhance the Client Experience through Fleet Technology and Innovation

Emerging technologies and innovative approaches to fleet management and leasing allow you to consolidate data and give clients a bird’s eye view of their accounts and assets.

End-to-end visibility is a major factor in the customer experience. Increasing visibility enhances your ability to monitor, track, and analyze various aspects of the supply chain throughout the vehicle lifecycle. Collecting and organizing data for streamlined analysis ensures your team (and your clients) have access to all relevant data points that guide the fleet and leasing experience.

The Ridecell platform changes the way you communicate with your clients. Our platform streamlines the customer experience, giving them access to their vehicle data in one location. Instead of stitching together various fleet management systems and requiring your customers to log in multiple spaces to access vehicle data, we house it all in one place.

The Ridecell platform is built to enhance your fleet management and vehicle leasing operations so you can improve the customer experience. We help you take customer data from disjointed siloes to streamlined, modernized digital experiences.

Supply Chain Integration that Digitally Transforms Fleet Management

How people and goods move from A to B continues to change rapidly and dramatically. At Ridecell, we combine our deep understanding of the future of transportation and fleet logistics with an advanced technological approach. We provide the tools and support you need to optimize fleet management operations, integrate your supply chain to modernize your fleet management and leasing services, and redefine the standard for customer service.

Connect with us today to learn more about how Ridecell can help you usher in digital transformation for your fleet and leasing operations.