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Budgeting for fleet vehicles is more pronounced than ever. Here is how to navigate IRS mileage reimbursement for fleet management.
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A cost-deferral strategy simply defers or moves expenditures to future fiscal years. Cost-saving measures seek to lower current spending levels. Cost-avoidance initiatives are actions that eliminate incurring a cost in the future.
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Corporate procurement staff are often driven by short-term, immediate cost reductions. However, a longer perspective to soft cost savings is critical because fixating on short-term results will hurt a company in the long run.
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If you’re in the throes of budget planning right now, ask yourself these five questions to make sure your plan is solid and set up for success.
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As inflation continues to rise and gas prices skyrocket, the pricing pressures on fleet costs seems to never cease. So, what can we do to strike a balance? Check out these insights in this State of the Fleet Industry video.
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Despite continued supply chain issues, fleets are tasked with replacing vehicles. In this State of the Fleet Industry video, explore current inventory and ordering challenges, gas prices, fleet maintenance costs and controlling a budget.
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In addition to selecting fuel-efficient assets, another way to control fuel spend is to modify driving behavior, a key variability in fuel economy. The difference between the most and least efficient drivers is a 30% difference in fuel consumption.
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Everything fleet does revolves around money: asset acquisition, fuel to operate assets, maintenance to keep assets operational, and myriad other miscellaneous, incidental expenses ranging from tolls, parking tickets, and waste disposal fees to taxes.
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