How Does Effective Fleet Management Improve Your Bottom Line?

How Does Effective Fleet Management Improve Your Bottom Line?

As a fleet manager, some of the company’s most important, cost-cutting decisions fall under your jurisdiction. Part of managing a successful, well-run fleet means knowing how and when to conserve, replace, and streamline your fleet’s resources. That’s why it’s so important for fleet managers to be willing and able to examine each company’s books to see just where they can cut back. Whether your fleet is made up of trucks, cabs, or other vehicles, here are a few ways in which effective fleet management can improve your bottom line.

Savings

The most important part of any fleet manager’s job is bringing cars home safely, on time, and within or under budget. A great fleet manager will be able to zero in on information to be able to see just where and how the company is losing money, or even simply spending more money than it should. A well-run fleet should work by the strict standards that a fleet manager sets without finding opportunities to use up more fuel, maintenance costs, or time than necessary. In short, a great fleet manager will be able to save their company a great deal of money each year.

Knowing Where the Gaps Are

When a fleet manager is managing the books, the first thing they’ll need to look for is the outliers. Are cars coming in on time? Are they using the standard amount of fuel needed? Are certain cars requiring more maintenance work than usual? If anything looks suspicious, it’s a fleet manager’s job to call it out and implement a solution. Whether it’s a matter of cutting costs by creating a more fuel-efficient route, saving time and energy by switching to a more cost-efficient fuel provider like Quarles, or simply finding the best way of scheduling and implementing repairs, a fleet manager will know how to resolve problems quickly and efficiently without breaking the bank.

 

Making the Tough Decisions

When it comes to figuring out where the holes are in any given situation, a fleet manager should have a sharp eye for detail. If something looks suspicious or a certain car is underperforming and costing the company money, it’s up to the fleet manager to assess the situation and find out what’s really going on. A fleet manager is also responsible for keeping the safety of the fleet in mind with each and every decision they make.

When drivers aren’t looked after properly, the company ends up incurring the costs. Whether it results in a loss of cars, drivers being put out of commission, or a surge in maintenance fees, not paying the proper attention to safety standards always ends up costing the company more money, not to mention being bad for team morale and trust. Figuring out the ideal balance between keeping an eye out for safety, problem-solving on the fly, and always keeping the bottom line in mind is a crucial component of the job.

Keeping Track of Materials

Whether it’s fuel, parts, or cargo, a fleet manager needs to be aware at all times of how the company’s materials and resources are being used. Keeping a strict eye on how cars are performing and how much they’re costing the company is one of the main ways in which fleet managers can end up saving that company a lot of money in the long run.

With a great fleet manager, nothing should be left to chance. It’s not enough to keep track of the numbers. Experienced, skilled fleet managers will know how to make the numbers come out under-budget before even committing to a purchase. With manager-friendly tools like fleet integration software and fleet fuel cards, you can be sure that every move your cars make will have to go through you first.

Keeping Track of Your Workers

When it comes to keeping track of everything that happens on your watch, there’s no better tool that fleet integration. Many fleet integration programs offer fleet managers the option for not only keeping track of each car in real time but controlling actions remotely. In the same way that investing in a fleet fuel card gives you the greatest amount of control of your fleet, installing a tracking service will not only allow you to stay aware of your fleet’s movements but to intervene in certain situations via a remote disabling system. Using a GPS system is also a great way to guarantee that drivers are using the fastest route to get to their destination and adhering to company policy when it comes to mileage and fuel costs.

 

 


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