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Fleet Budget

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.

How to Stretch Your Fleet Dollars

What can a commercial fleet manager do to get the biggest bang from the finite dollars in an annual fleet budget? What practices or initiatives can be implemented to minimize waste or leverage programs to gain greater efficiencies?

Identifying Your CEO's Key Performance Indicators

A fleet operation generates data that can be manipulated and parsed in myriad ways. Fleet managers must report to management, but what key performance indicators (KPIs) are most important to your CEO?

Developing and Controlling a Fleet Budget

Preparing a fleet budget requires only three easy steps: develop your cost assumptions, determine line-item expenses, and correct the variances between budgeted and actual costs.

Should Spouses be Allowed to Drive Fleet Vehicles?

In fleets that allow personal use of company vehicles, the privilege is often extended to spouses as well. Are there downsides to allowing spouses — or other family members — personal use privileges?