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Cost Reduction

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.

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Short-Term vs. Long-Term Cost Reductions

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.

Harness the Power of Driver Engagement

If you are not actively engaging your drivers to help meet fleet objectives, you are managing the fleet with one hand tied behind your back. Most fleet programs focus on managing the asset versus managing the driver.

Parking: Taming an Untapped Cost Center

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.

8 Trends in Commercial Fleet Policies

The No. 1 priority for commercial fleets was risk and safety in 2015. The No. 2 priority was data management, whose dramatic spike in interest is attributed to the increased involvement by procurement and finance in fleet management.

Procurement and Fleet Don't Speak the Same 'Language'

Until the emergence of strategic sourcing in the 1990s, procurement did not hold the same prominence within corporations as it does today. Nowadays, procurement plays a pivotal strategic role. Procurement is now the new engine of change in fleet management, which has resulted in dramatic changes in the fleet purchasing and supplier selection process.

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