In the current recession times, as fleets cannot eliminate the need for fuel and energy to get vehicles on the road, with the demand outstripping the supply for new and used vehicles, it becomes essential for fleet managers and procurers to set up strategies to use funds wisely.
Here you will find 5 tips to minimise the impact of recession on fleet costs.
#1 - Bring together your executives. Getting help from the whole team to get ideas for a proactive procurement is essential. Tackling fleet costs increases requires input from all stakeholders in a company. Get operations, planning, finance, purchasing... and drivers talk to identify solutions.
#2 - Keep your vehicles in working order. Good maintenance can definitely make a difference when it comes to fleet costs (and in the safety of drivers, vehicles and anyone on the road too). Even in the hardest of times you should never compromise maintenance, it is something necessary to avoid expensive repairs and sudden issues you might not be able to cope with in an adequate way.
#3 - Review prices and suppliers frequently. Prices of services your fleet needs are fluctuating like never before. Make sure you check them regularly, find out if there is scope to negotiate and shop around to find out saving opportunities.
#4 - Know your "enemies". Are your aware where your money goes? Is there a sound motivation to that or is there room for improvement? Analyse your cost thoroughly to understand if there is an actual reason why your bills are higher and get started with corrective actions if they apply.
#5 - Remove vehicle choice if possible. This might be seen as an unpopular move by drivers, but adopting just one job requirement vehicle model you could potentially access huge savings.
