Tag: Reduce Fleet Costs

3 Critical Areas to Reduce Fleet Costs

3 Critical Areas to Reduce Fleet Costs

Handling and managing fleet is very tiresome work. You have to ensure that all the vehicles are well maintained, well-kept and road worthy. And it is even very important in fleet management to reduce fleet costs associated.

If you have a fleet of vehicles, it is necessary to ensure that you optimize the value of the fleet. At the same time you have to mitigate the risk and reduce the costs associated with the fleet.

In the case of commercial vehicles, it is very important to ensure the revenue associated with the fleet is more than expenses.

To reduce fleet costs you have to focus on the above three areas:

  1. Acquiring Fleet
  2. Maintaining Fleet
  3. Selling the Fleet

Controlling Costs in Acquiring Fleet

Acquiring vehicles is the first stage to reduce fleet costs. At this level you have to make the best decisions on the type of fleet to buy, the type of fleet to keep and what you intend to use the fleet of vehicles for.

Poor decisions made at this stage by buying old fashioned vehicles, problem-oriented vehicles, vehicles that consumes a lot of fuel and all others is the critical mistake managers of companies in the fleet management chain!

To control costs it is very important to seek experts to guide you so you purchase the best vehicles to reduce fleet costs in the long term.

Controlling Costs in Maintaining Fleet

The best way to reduce costs is to always maintain the vehicle.

Once the vehicle has been bought, the next thing to do is to put the required maintenance policy in place. Good vehicle maintenance prolongs the lifespan of the fleet.

Therefore maintenance policies such as inflating tires, avoiding driver idling, changing wipers, changing brake fluids, washing the car and many others!

Controlling Costs in Selling Fleet

The stage in reducing fleet costs is at the sales level. If you’re not tracking your vehicles to make sure they’re on track and in good shape, you may not know when you have to sell one of your fleet before it becomes worn out.

In selling fleet, you want to increase the price, so you have to put all the measures in place to increase the perceive value of the vehicle.