Fleet Budget - Tagged Posts - Automotive Fleet

Analysis of Three Cost Containment Strategies

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.

Stretch Your Budget Dollars by Minimizing Waste

There are wasted dollars in fleet budgets. The overwhelming majority of fleet managers are good stewards of corporate funds, so budgetary waste is not blatant but often comprised of the cumulative impact of hidden inefficiencies.

State of the Fleet Industry: Top Trends Driving Fleet in 2020-2021

Today’s video looks at the top trends driving fleets, which includes: fleet budgets constraints; fleet utilization and rightsizing; and potential future changes to taxation and regulatory compliance.

Using Sharing Tech to Reduce Fleet Budgets

New forms of sharing technology allow fleet operators — from corporate and rental fleets to motor pools — to increase utilization and recoup costs.

Spend Management & Spend Analytics are Crucial to Creating Fleet Accountability

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.

Fleet Is a Full-Time Job

The fleet management companies, the telematics providers, the upfitters, and the general service providers in our market can offer you some wonderful advice, but the only person who can really tie it all together is a fleet manager.

Institutionalizing Cost-Control Strategies

Senior management exerts intense pressure on fleet managers to control and/or reduce vehicle acquisition and operating expenses. To accomplish this, a fleet managers can pursue three different cost-control strategies — cost savings, cost deferral, or cost avoidance. In order to implement a successful cost-control strategy you need to institutionalize the mechanisms to curb money-wasting behaviors.

Conduct an Efficiency Audit to Eliminate Waste in Your Fleet Budget

Reducing fleet costs is a constant, never-ending struggle for all fleet managers, especially since every aspect of fleet management revolves around money. In lieu of requesting additional budget dollars, one course of action is to stop the waste of existing dollars.It is estimated that, on average, 5-10% of a fleet’s annual budgeted dollars are wasted.

Vietnam to Cut State Car Fleet by Half

The fleet of State-owned cars serving officials will be cut by 30 to 50%, or about 12,000 to 20,000 cars, by the year 2020. The cut will not be applied to mountainous, remote areas and the islands.

Five Steps for Managing Your Fleet's Energy Budget

Energy consumption accounts for a large part of a fleet’s operating budget. Fleet managers need to look for efficient and long-lasting ways to reduce this expense.

Telematics Buyer's Guide

EV Buying Guide