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3 fleet-friendly tips for using your end-of-year budget

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Date: December 9, 2015 Author: Eleonora Malacarne

The countdown has probably already started, whether it’s for your New Year’s Eve party, the Christmas holidays or, more likely, the opportunity to close out deals and spend the end-of-year budget before it expires. And when you think of it, there is actually not long to go!

Use it or lose it: this is usually the rule at this time of year regarding what remains of the annual budget. But what usually happens? Very simple—expiring budgets are often squandered on non-essentials. When it is not exactly obvious where money needs to be spent, the people responsible for procurement simply spend for the sake of spending, knowing full well that otherwise the opportunity will invariably be lost. This frequently results in the acquisition of pointless things for the business.

If the efficiency of your fleet has been a priority in 2015 and you want to make sure it will run like a Swiss watch in 2016 as well, here are a few choice tips to help you achieve this goal by using your end-of-year budget wisely!

 

end of year budget

 

#1 - Get pay-as-you-go software for managing your fleet

Technology is always a good solution for improving processes in companies, especially if you need to streamline your fleet. If you still have some money left over to play with, you can try it out whether your enterprise is large or small; you can equip your full fleet or start with a few vehicles to test the system. With systems like SynX, a signed contract isn’t obligatory—so drop us a quick email or ask for a quote or demo!

#2 - Reward your drivers

Being a fleet manager is challenging... but let's not forget, so is driving. Winning the approval of your drivers and setting up programmes aimed toward their retention is going to be very important considering the current competition for their services. So if you still have some money at your disposal you could consider setting up a reward programme based on driver challenges/competitions.

If you decide to integrate such a scheme, SynX can make it happen!

#3 - Think safety

Often disregarded, safety is very important for your fleet, for your drivers and, of course, for other road users as well. If you still have some funds left, you can schedule safety training or even order safety material. From posters to stickers, to jackets and t-shirts with slogans focusing on safety… there is a lot of choice and you can choose items in accordance with your budget.

If you do actually decide to go with option 1 or 2, don’t hesitate to contact us…. If you do decide to opt for the safety material described in the third option, we definitely recommend the FTA shop, where you can find lots of items for your fleet, for lower budgets upwards (starting from a wide range of safety posters or stickers, to more expensive items, you might want to have a look!).

 

  

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