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.
A new, voice-assisted analytics built by Omnitracs will allow for easier access to key business insights and a more natural way of interacting with data.
Management must develop remuneration policies and incentive plans encouraging procurement to cooperatively work with in-house fleet leadership to support attainment of larger strategic goals allowing fleet to cost-effectively fulfill its corporate mission.
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.
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.
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.
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.
Element Fleet Management's Xcelerate platform allows customers access to fleet location, usage and vehicle diagnostic insights from properly equipped General Motors Fleet vehicles.
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.
Standardized delivery timelines stipulated in an SLA can create unrealistic expectations. Also, the relationship can become transactional in nature, with a risk of damaging the relationship if there are penalties for missed metrics.