SupplyChain Magazine September 2014 | Page 20

SUPPLY CHAIN MANAGEMENT
would-be early adopters were scared away as several telematics companies folded and other ’ s long-term financial stability was in question .
Lastly , certain technology issues plagued the industry . But today , hardware costs are down as much as 300 percent , installations have never been easier , technology issues are rare , and service and delivery excellence have never been higher .
I equate the telematics adoption timeline and the impact of the technology to other life-changing technologies , like the PC , Internet and mobile phone . All of those took much longer than 10 years to gain traction and reach critical mass .
However , in 2014 , most of us couldn ’ t imagine conducting business without them . Do you remember the time and effort it took to simply send a document for review and redline before email was mainstream ?
The same will be true with telematics and fleet management in a few years . You ’ ll try to imagine how you were able to manage expenses and meet customer expectations with little to no insight into what was actually happening out in the field and it ’ ll be hard to picture .
The benefits of telematics are abundant , including increased fuel savings , more efficient vehicle tracking and routing , and the ability to set a virtual perimeter for a real-world geographic area . For example , one of
Telematics programs are evolving rapidly
20 September 2014