As the global economy continues to grapple with inflation, fleet companies are feeling the impact on their bottom line. Many fleet managers are asking how to reduce fleet costs in today’s environment. Inflation affects fleet companies in a variety of ways, from increasing fuel and maintenance costs to raising insurance premiums. It is crucial for fleet companies to implement effective cost management strategies to maintain profitability and remain competitive in today's market.
Automotive Fleet offers fleet professionals the opportunity to "sound off" and share with ideas, opinions, perspectives and observations with peers across the industry.
Automotive Fleet views itself as a facilitator to provide a platform for different voices from the industry to sound-off on today’s challenges. This regular column is designed to encourage discourse for fleet professionals to let their voices be heard to their peers and other industry professionals. Here is what is top of mind for fleet professionals on the upward pressure on fleet costs.
Cost management is a constant, never-ending struggle for all fleet managers since every aspect of fleet management revolves around money. While there never seems to be enough money to go around, one of the less talked about aspects of fleet management is the amount of budget dollars that are wasted every year.
Since fuel is a fleet’s largest operating expense, it catches the attention of senior management when fuel prices start to rise as they are today. Here are 10 fuel reduction strategies that you a implement to make a dent in your fuel spend.
Parking is one of the biggest and most expensive headaches for fleets. Find out how you can manage this unmanaged cost center to cut costs and improve productivity.
Procurement studies reveal that 20% or more of total corporate spend is for purchases that could have been acquired at a lower cost.
Objections to implementing GPS systems are based on myths concerning their value, ease of use, cost, and function. These assumptions have been countered by real-world experience.
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