Use of IoT in Transportation Industry

Use of IoT in Transportation Industry

The internet of things is a popular term these days that are used to interrelate computing devices, digital machines, and mechanical objects. IoT technology is used to transfer data over a network without any human interaction. Plenty of organizations are using IoT to improve their efficiency and to better understand their customers. This enables the company so that they can deliver improved and enhanced customer services and accelerate the overall decision-making process too.

Let us discuss the IoT benefits for transportation.

Transportation is the second largest industry for the investors of IoT. Among overall investment, a small portion of this goes to fleet management and monitoring. IoT has changed transportation or trucking industry rapidly. Here, the reason behind this is connectivity enhancement and mobile technology as well. Today gadgets are being used by everyone that makes the work more efficient and carry out many vital roles and important operations. IoT has made trucking and road safety system quite easier, even fleet management also has become quite organized and managed post involvement of IoT.

In every country, most of the freight management is being done by trucks and in the US truck transportation is a major part of the economy. Due to IoT involvement even autonomous trucks will also become reality.

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Seven Mumbai startups that are disrupting diverse sectors with their tech solutions

Seven Mumbai startups that are disrupting diverse sectors with their tech solutions

Edtech, logistics, enabling defence, and detecting fake news, these Mumbai startups are addressing different problems with innovative answers.

While Bengaluru and Delhi-NCR are spearheading the startup ecosystem, metro cities like Mumbai aren’t far behind. The ‘Powai-Valley’ near the IIT Bombay campus has seen its fair share of successful startups and shutdowns.  For every failed startup like Tinyowl, Doormint, or Housing, there are successful ones too – online ticketing platform BookMyShow, edtech startup Toppr, e-pharma startup Pharmaeasy, RevFin and AI-chatbot startup Haptik, in which Reliance Industries recently picked up a majority stake.

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Accurate Tyre Economics Made Budgeting Easy ( Using TransportHub TRIM Technology)

Accurate Tyre Economics Made Budgeting Easy ( Using TransportHub TRIM Technology)

Tyre Inventory Solution TRIM TransportHub

PROBLEM STATEMENT

  • Client was facing great problem of tyre theft and inventory management

  • Client did not have any clue about the tyre performance and economics

SOLUTION

  • TH TRIM solution gave an easy to understand tool to the client

  • The TH TRIM tool is a web app intelligently hooked to RFID technology

  • Clever algorithms make it possible to assign distance travelled to each tyre

  • All the data is collected with automatic scans of tyres

  • Reports are generated automatically

  • Calculation of tyre economics is calculated by the system

  • Real time status and alerts of exception is given on SMS and email

  • Analysis of tyre utilization i.e type of vehicle, route followed and load data

BENEFITS

  • Better budgeting with accurate cost analysis per km

  • Life cycle management of tyres to minimize on the road break downs

  • Data acquisition on Real-Time basis

  • Improved planning and scheduling of tyre replacement

  • Accurate data, no paper and manual errors leading to increased work efficiency

  • Automated alerts for missing tyres and information on last scanned location.

  • Preventive maintenance alerts for tyres

  • Better surveillance and control of company’s logistics activities.

  • Weekly, monthly and annual reporting capabilities allowed the company to quickly provide updated expense budget information

    Better Risk management to avert any mishap on road

VOPS Fleet Management Automation Solution with IoT, Software & analytics

VOPS Fleet Management Automation Solution with IoT, Software & analytics

Fleet Management Automation System

VOPS stands for Vehicle Optimization & Profitability Solution. VOPS Fleet Management Automation Solution is designed to provide tangible business benefits in terms of increased revenues and reduced costs thereby making trucking operations more profitable.

It is a platform that eases carrying out fleet business dramatically with  integrated view of entire business by combining different technologies at one place. All these technologies harness the power of cutting edge technologies such as IoT( Internet of Things) , Machine Learning (ML) and more.

How VOPS increases Profitability?

At present disparate systems or technology is used by transporters. The problems with current system are summarized as following:

  • Wide spread use of paper based processes making management rely on timely arrival of information, decide on the basis of incomplete information and worst to take decision on wrong information
  • Different software or systems for different part of business. Problems arising from using different software or System makes taking timely decision costly and most of the time impossible
  • Human errors
  • Lack of transparency
  • Losing business to tech savvy startups

What are the different Components of VOPS?

VOPS Fleet Management Automation Solution combines following modules to provide integrated view of your transport business:

  1. Business Dashboard : Provides all the details with exception & alerts at on place . Watch Below

     

     

     

     

  2. Tracking Management System : The tracking system is unique as it provides tracking through different technologies including GPS, Lo-Ra, Mobile Phone Tracking, App based tracking . Explore More
  3. Fuel Management System : Enhance fuel efficiency by 5% + by giving real time view of fuel consumption with real time filling and draining alerts, mileage calculation . How you can improve Fuel Efficiency?
  4. Tyre Management System : Provides automation for inventory management of tyres & also alerts in case of sub-optimal tyre pressure thus increasing tyre life & Fuel Efficiency . Case Study
  5. E-Way Bill Management System : Automates E-way bill management . Watch Video & Get Free Trial
  6. Tool for ERP Integration: Enables easy integration through APIs  with any ERP , CRM or Accounting  system

How is VOPS priced?

VOPS prices are transparent with following two components :

  • Hardware prices : Available on it’s shop . Shop Now .
  • Software prices: 6 month charges with discounts on annual payment . Available on request. Contact us

Is it difficult to implement VOPS for my Fleet Management ?

Absolutely not!  It is as easy as 1-2-3:

  1. Create your Free Account     Login Now
  2. Purchase Hardware from TH-SHOP       Click Here
  3. Simple installation by anyone. Ask for      Online Help or Request for Installation by TH

What are the available alerts &  reports ?

The detailed reports are available for all the solutions. The reports deep dive to a very granular level of analysis in a very intuitive way:

  • Tracking reports with performance of each level in term  of ignition, stoppage , distance & much more
  • Geo fence reports on vehicles stay duration at Geo fences( can be defined by the users
  •  Fueling , draining, mileage reports for fuels at aggregate and individual vehicle level
  • Tyre performance report in terms of km traveled till any given date , comparison between brands and much more
  •  Alerts on unauthorized fueling, stopping , rash driving , tyre theft , retreading etc.

 

Quick Way to Automate Fuel Management to Save Millions Instantly

Quick Way to Automate Fuel Management to Save Millions Instantly

What will you gain?

Automation of fuel management saves you  both the fuel costs and reduction in operations team to the tune of INR 2-3 lakhs (USD 30-40 K)  per vehicle per year. The advantages can be realized quickly at less than INR 30,000  in the first year and ~ INR 7,500 per year there after for every vehicle. You can recover entire costs in 1.5 months .In addition,  the sensor will enable you in many other ways to improve transportation business.TOP advantages of  Intelligent Fuel Management Solution  include:

Saves costs by automatic alerts

It is one of the major problems faced by transporters . At present, many  transporters have system of fixed mileage decided for the driver. If the driver saves something it goes to him and if he spends more than that it is his loss. Other transporters try to check with other means and determine the mileage based on their experience and negotiate with the drivers. Both methods have problems as first method always has some padding for the drivers and second method is more cumbersome to implement

Integrates Fuel System With TRIP costs

Trip Expense Sheet is the most indispensable part of any transporters business . Without reliable and accurate  TRIP costs the quotation to clients can never be sent with high success rate. For example, normally fuels expenses are taken with general mileage for a type of vehicle while ignoring the route and exact effect of cargo the vehicle is carrying . Moreover, fuel costs are different in different states and changing frequently making it difficult to incorporate all the changes manually. An Intelligent Fuel System calculates all this effect and inputs an appropriate value  while calculating TRIP expenses.

Single view on all fuel expenses and reconciliation with Fleet cards . 

Almost all the major transporters have adopted cash less system to different extent. One of the major cashless systems in India is Fuel Cards provided by Oil Marketing Companies. They act like debit cards and money put can be put in each card by a controller and fleet drivers can use the card to fill fuel or meet some other expenses. The problem here is that reconciliation with OMC is difficult especially when there is a difference in actual amount of fuel filled and the amount debited . The Intelligent Fuel Management System can pull the data from Fleet card system in real time and reconcile with actual filling  almost instantly . In case of any exception , the system raises alert so that the problem can addressed quickly

High ROI

The gains from an Intelligent Fuel Management System are very large as compared to the costs involved. The entire fuel management costs can be recovered as early as 30 days and in worst case 60 days . The Return on Investment (ROI) for the lifetime of a vehicle is more than 100 i.e. you gain 100 for INR 1 invested.

 

Compare Prices

In case you are further interested on knowing the economics, the link provides prices of the hardware. Hardware are the one time investment and life is more than 5 years.