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Fleet Management

Fleet fuel cards reduce costs by alerting when drivers pump expensive fuel grades to displaying gallons pumped vs. tank capacity. Read to find out how to find the best provider.

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Procurement’s Fixation on Hard Costs Misses Larger Soft Cost Savings

Procurement initiatives to reduce fleet cost structure primarily focus on hard costs with secondary consideration given to soft cost reduction. Some procurement teams often don’t appreciate the sizable impact of soft cost reductions and how they can lead to larger hard cost reductions.

Using Performance-Based Incentives to Optimize the Cost-Effectiveness of Fleet Operations

A fleet cost reduction program goes straight to the corporate bottom line. If a company operates at a 10% annual net profit margin, reducing annual fleet expenses by $100,000 is the equivalent of generating $1 million in sales. Although fleet managers manage hundreds of thousands to tens of millions of dollars in corporate assets, only half are incentivized to achieve targeted performance goals. I advocate incentivization should be a universal best practice extended to all fleet managers.

How to Avoid Over- and Under-Spec'ing Pitfalls

Spec’ing a medium-duty truck is a complicated process that requires hundreds of decisions and choices, with each potentially impacting another. It is a science to achieve the balance between over-spec’ing and under-spec’ing a truck.

Preparing Fleets for Upcoming Disruptive Changes

Observing technological impacts of other industries may provide insights into how looming changes could redefine fleets. The magnitude of the disruption will be greater than what fleets have faced before.

Real-World Advice on How to Excel on a Fleet Sourcing Team

To be successful on a sourcing team, you need to be open-minded about exploring all available service channels and partners. However, open-minded doesn’t mean being open-headed. You must listen and entertain new ideas, but also temper such a practice and attitude with pragmatism and knowledge.