Businesses across many industries utilize commercial vehicles to transport people and products every day. These vehicles are often one of the most expensive assets. Because of this, effective fleet management keeps your business running smoothly. Effective systems, processes and tools will benefit you in a number of ways.
1) Find the right vehicles for your company. Whether you are financing, paying-in-full, or leasing, a tailored vehicle acquisition plan will save your business from the frustrations associated with handling vehicle acquisitions on your own. In addition, partnering with a fleet management service can unlock OEM discounts that retailers would not be able to offer.
2) Get more data. Software designed for fleet management lends a lot of information to your disposal. Both historical and real-time. The more data available, the more insights managers will have to make necessary decisions. An experienced fleet management partner can help you make sense of the data and use it to optimize your operations.
3) Stay on top of vehicle maintenance. Fewer breakdowns and accidents will occur when vehicles are staying proactively up-to-date on their service and drivers will be safer for it. In addition, income will be less affected by losses if your vehicles are reliable and safe.
4) Monitor your drivers. The ability to monitor driver performance metrics allows fleet managers to see hard brakes, fast accelerations, and aggressive cornering. Reducing these instances will result in a safer fleet that is also less likely to get ticketed for aggressive driving behaviors or worse.
5) Automate your processes. Automation of manual tasks, such as logging hours, allows for accurate tracking of when drivers were on the road and lightens the load on drivers who will no longer be expected to do these more menial tasks.
6) Manage your fuel. Monitoring of delays, downtime, and idling can help to reduce fuel costs and emissions. On average about 60% of costs associated with fleets come from fuel expenditures. When unmonitored that number can go even higher.
7) Reduce your Total Cost of Ownership (TOC). Reduce TOC through vehicle acquisitions, fuel management, and partnerships for maintenance. Utilizing an organization that handles all of these aspects of your fleet will reduce the overall cost of managing your fleet.
8) Have an end-of-life plan for your vehicles. Establish a remarketing plan from the beginning that encompasses what will be done with a vehicle through every stage of its lifecycle. This will include when it is time to remarket or sell assets. Having strategies that will extract the most value from assets will lend more revenue that can be invested back into the business.
9) Reduce managers’ workload. Allowing a fleet management service to do the heavy lifting involved with fleet staffing, optimizing vehicle utilization, alternative fuel strategy, asset management and many other services will free up your employees to handle what they do best.
10) Get compliant. Many compliance standards must be met. Whether it’s licensing and titling, DOT regulations, driver safety, or accident protocol, every industry will have standards they need to meet. A fleet management service will take care of all of it, leaving you more time and less stress.
For information on fleet management systems, tools, and processes please reach out to us on our contact page and one of our experts will be happy to answer your questions and steer you towards a solution.