Fleet
Here to help you decrease fleet costs or assist you to better manage your fleet
Businesses depend on fleet vehicles to handle everyday services – whether it is trucks, cars they need to be maintained. The cost of vehicle maintenance together with taking vehicles and drivers out of duty may frequently leave a negative impact on your service levels and profits.
Maximizing profits is the most important goal for any business. These days, fleet managers are constantly under pressure to decrease costs. For successful fleet management, it is crucial to know all of the circumstances that go toward your fleet costs.
The total expense of ownership of your fleet is made up of the buying price of your assets and the value of your operations. It is general knowledge for businesses to analyze their Total Cost of Ownership (TCO) when planning an investment decision, and it is especially important when you are looking to learn your fleet management costs.
Efficient cost management
It all starts with creating an extensive fleet management cost breakdown:
- Know your fleet’s primary costs, which in most cases should be:
- Vehicle price and correlated interest
- Managing costs
- Maintenance costs
- Downtime costs
- Driver costs
- Determine the key metrics you want to include and keep track of, such as utilization, cost per unit/vehicle, and depreciation
- Determine driver costs for all of the key metrics that you will be following.
Decreasing fleet costs
The methods for decreasing fleet costs and TCO will be varied for every fleet, but the following three main areas are determined to help decrease vehicle fleet TCO
Reward safe drivers
Take a closer look at your asset costs and any updates or modifications needed.
- Precise size for your fleet. You may be in possession of too many vehicles or not enough of them for your fleet. Performing a utilization summary of your fleet is of great help in deciding the optimal quantity and type of vehicles required,
- Order from an individual manufacturer and aggressively negotiate fleet purposes,
- Replace used vehicles and optimize your replacement system. You will have to decide at which period it makes sense to financially replace used vehicles that may be increasing your repair costs.
“Trackalate changed the way we think about our routes. With the same number of trucks, we were able to expand our business into new regions. The value of everything I can manage is more than worth the cost. It was very easy to pick up and use, with almost no extra training or maintenance required. Just set it up and watch the data come in.”