Supply Chain News / eSupply Chain

I.D. Systems' New Analytics for Industrial Vehicle Fleets

September 18, 2012
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I.D. Systems Inc., a provider of wireless solutions for tracking and managing high-value enterprise assets, introduced I.D. Systems Analytics to provide new, deeper insights into the performance of industrial vehicles in manufacturing and distribution facilities.

I.D. Systems Analytics is a set of software tools that gives executives and facility managers a single, integrated view of historical asset activity across multiple locations, generating site-to-site comparisons and enterprise-wide benchmarks of material handling operations.

“I.D. Systems Analytics represents an entirely new way to evaluate and improve the performance of industrial vehicles,” says Michael Ehrman, I.D. Systems chief technology officer. “We have drawn on our deep reservoir of vertical industry information to drive insights into asset activity, improve the speed and quality of business decisions, and shed light on the outcomes of those decisions. The key to unlocking this value is understanding—on an enterprise scale—how assets are performing in comparison to each other, the type of facility in which they operate, and their industry overall.”

Key Points

  • Assets addressed. Industrial vehicles include all classes of lift trucks, pallet jacks, tow tractors, and other material handling equipment.
  • Issues addressed. Manufacturing and distribution operations typically have a site-centric focus on industrial vehicle activity, with limited or no ability to apply a “live,” comparative view of material handling asset performance across the enterprise.
  • Value provided. I.D. Systems Analytics provides holistic visibility and analysis of enterprise-wide industrial vehicle activity, enabling management to make more informed, effective decisions, raise asset performance standards, increase productivity, reduce costs, and enhance safety. Specifically, I.D. Systems Analytics (1) quantifies best-practice enterprise benchmarks for industrial vehicle utilization and safety; (2) reveals variations and inefficiencies in material handling activity across both sites and geographic regions; (3) identifies opportunities to eliminate or reallocate vehicles, with full enterprise awareness, to reduce capital and operating costs; (4) helps balance vehicle mix and informs decisions on rentals vs. leases vs. capital purchases; (5) uncovers activity trends over time to forecast material handling asset requirements; and (6) enables performance comparisons to broad, industry-specific benchmarks.
  • Unique database. As one of the world’s leading providers of wireless systems for managing industrial vehicles, I.D. Systems has accumulated a vast database of historical asset activity—from more than 50,000 vehicles, over a long period of time, across diverse facility types and industries. The unique depth and breadth of this data enables customers to compare general industry and facility-type benchmarks to the performance of their own sites and enterprise.
  • User interfaces. I.D. Systems Analytics features 18 primary, pre-built dashboards based on more than 80 key performance indicators. User can click through the dashboards for progressively deeper data details. The data can be delivered to mobile devices as well as computers.
  • License options. I.D. Systems offers three different Analytics licenses: (1) the Basic license sends reports to users automatically; (2) the Standard license provides a comprehensive suite of interactive dashboards; and (3) the Professional license enables advanced users, such as database administrators and analytical industrial engineers, to customize data extracts and presentations.

“I.D. Systems Analytics is a game changer for any large enterprise with extensive material handling operations. It will help both facility and executive management, regardless of technical skill level, uncover and analyze information with tremendous value,” says Brett Kilpatrick, I.D. Systems executive vice president of global sales. “For such a powerful tool, I.D. Systems Analytics is remarkably easy to use. It delivers truly self-service business intelligence to your desktop.”

Jeffrey Jagid, I.D. Systems’ chairman and CEO, adds, “From the executive’s standpoint—always looking for new ways to streamline operations and generate a greater return on investment from corporate assets—I am confident that I.D. Systems Analytics will drive significant value for our customers. It provides a unique bird’s eye view of industrial vehicles across the enterprise to optimize asset utilization, challenge or validate industrial engineering standards, drive productivity increases, reduce costs, and improve safety practices.”
 

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