Technology is the means to an end. One should consider investing in technology for the following reasons:
- Basic communication requirements
- Data collected can be converted into internal and external management information
- Facilitates performance improvements
- Can be a competitive differentiator
- Economical way to gather data about your stationary and rolling assets
- Gives you the ability to manage
- Enables collaboration in real-time across the entire supply chain including customers, competitors and suppliers
- Assists an organization in adopting a greater safety culture
There is a strong movement to foster energy independence, minimize the depletion of crude oil reserves and protect the environment. Many companies view this not only as an awakening to be socially responsible but also as an opportunity to reduce operating costs by focusing on the minimization of idle time. There are clean alternative transportation energy options to fossil fuel usage and they reduce carbon dioxide (CO2) emissions, and have less than 18 months payback on their investment.
Top performing organizations will view sustainability as a “must have” strategy as opposed to a philanthropic “nice to have” program. By designing and incorporating environmental considerations into your business decisions and risk management efforts, you can begin to distance yourselves from your competitors.
A recent study of top performing transportation companies showed that when they incorporated sustainability objectives into performance management, fostered standard policies focusing on carbon and cost reductions they achieved the following:
9% reduction in carbon footprint
6% reduction in energy costs
7% reduction in facilities costs
10% reduction in paper
.......all while managing to improve customer retention by 16%
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