Fleet Management - Tagged Posts

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.

Six Technology Trends that will Change the Trajectory of Fleet Management

The best way to answer the question of what is the future of fleet is to look outside the fleet industry.Here are six technology trends happening outside of fleet that will have a major impact on the future direction of our industry.

The Invisible Cost of Low Driver Morale

There is a direct correlation between high driver morale and high driver productivity. The converse is also true. The hidden cost of low driver morale has a direct bearing on a company’s bottom line. While low morale is an HR/management issue, and even though fleet managers do not control driver salaries, there are actions that fleets can take to help increase driver morale.

10 Ways Fleet Managers Can Avoid Being Under-Rated by Senior Management

There is an ongoing perception by senior management that fleet management is not a complicated and sophisticated profession. As a result, one of the biggest challenges facing fleet managers is getting management to recognize and acknowledge their contribution to the company. Here are 10 ways to ensure management recognizes your contribution to the company’s bottom line.

Generational Shift Increases Digital Communication in Fleets

Getting the message to drivers and other stakeholders is a critical element in successful fleet management, and fleet managers have more tools available to them than ever before to do so.

Ford and HP Experiment with Big Data

In late 2014, Ford Motor Company and Hewlett Packard (HP) embarked on an experiment to analyze how HP employees were using their company vehicles.

Telematics to the Rescue

There are times and situations when an ordinary day may turn into an extraordinary one, and having a telematics system can be the difference.