KPI is the acronym for the English term key performance indicator, which means key performance indicators.

Now it is a tool that helps you monitor and evaluate the evolution and achievement of your objectives/tasks defined in the operational process of a department or employee.

How important is KPI in fleet management?

The adoption of KPIs in fleet management helps the manager to observe and evaluate the real results of his business.

The KPI also allows you to project future results and opportunities, increasing the performance of your fleet, improving processes within the company's transport sector as a whole, consequently improving the business's revenue.

What are the 5 main indicators in Fleet Management?

KPIs are key performance indicators that help measure the performance of a department. In the case of fleet management, the main indicators are:

- Average fuel consumption;

- Vehicle maintenance;

- Number of hours of fleet use;

- Number of km driven by the fleet;

- Number of failures.

What are the benefits of defining KPIs?

Like all indicators, when used well, they allow you to achieve a series of benefits, such as:

Work flow optimization, as you can evaluate the evolution of results and consequently the performance of your employees;

Improvement in the management of department resources, as companies that have, for example, benefits such as a proactivity award can base their award on the achievement of each employee's individual KPIs;

Reducing fleet costs, I try to analyze the results of some defined metrics, such as average fuel consumption or number of failures;

Improved profitability, due to increased team productivity.