3 Ways to Reduce Fleet Costs

If left unchecked, the day-to-day cost of operating a fleet of vehicles can skyrocket.

Cost management is always an issue for fleet companies, as most fleet operators recognize that sales and cutting expenses tend to go hand-in-hand to increase profitability. How much money could your business be losing over underutilized assets, non-compliance with preventative maintenance, or employee downtime?

Here are three of BAM Fleet’s tried and tested steps that you can take today to reduce YOUR fleet’s costs:

Minimize Vehicle Breakdowns
Evaluating Your Fleet Policy
Optimize Fuel Consumption

Keep reading to see how you can save…

Minimize Vehicle Breakdowns

Every time one of your fleet vehicles breaks down, you can wave money goodbye. It’s even more expensive if one of your fleet vehicles breaks down roadside. The costs of roadside repairs can be up to $334 per incident, and that doesn’t even include the cost of replacement tires!

A well-maintained healthy fleet is cheaper to operate. And the truth is, preventative maintenance is still the most effective way to prevent unexpected breakdowns out on the road. With fleet management telematics that track your fleet’s maintenance schedules so you can prevent issues before they occur. Think about it, wouldn’t it be great to have a way for a fleet driver to promptly report a possible vehicle issue to your fleet manager? With telematics this is possible!

Bottom line: save precious time and money by keeping your fleet of vehicles maintained by scheduling preventative maintenance. We can help with that, give us a call! BAM comes to you to keep your cars and business running.

Evaluate Your Fleet Policy

Having a clear and concise fleet policy will help you save on your fleet management and help keep things running more smoothly. There are several policies that you could implement in your fleet to help reduce operations costs. These include:

Personal Use Policy

Consider charging drivers to the personal use of company assets based on the average vehicle utilization and total cost of ownership.

Telematics Solutions

As stated above, a telematics program can lower costs by managing driver behavior, optimizing routes, and keeping track of scheduled preventive vehicle maintenance.

Fuel Purchasing Policy

Restrict company fuel cards to only fuel purchases to help monitor expenses and save on fuel costs.

Preventative Maintenance Policy

Preventative fleet management means fewer problems to deal with later!

Optimize Fuel Consumption

Fuel is one of the costliest aspects of operating a fleet, and managing fuel consumption is a pain point among fleet companies.

Many fleet companies exceed their projected annual fuel budget due to reasons such as:

Inefficient route planning
Road work
Traffic congestion
Accounting errors
Fuel theft
Poor driver behavior

When it comes to reducing your fleet’s fuel costs, data is a very powerful weapon. Installing tracking tools in your fleet vehicles will allow you to track idle hours, route planning, and load planning inefficiencies.

By improving your budgeting, data collection, and fuel-cost estimating with fleet management software, you can save BIG on annual fleet operations.

Take the guesswork out of your gas budget, and install telematics in your fleet vehicles! Call BAM today for a fleet management quote (813) 850-0022!

Reduce Fleet Costs with BAM

Fleet management doesn’t have to make you want to pull your hair out. Butler Automotive Management can create a fleet management program for your unique situation to help you save on your business fleet. From telematics to GPS, and mobile lube, we come to you to keep your fleet running smoothly and efficiently.

Technology plays a key role in almost every money-saving tactic and strategy discussed above. If you’re looking for a fleet management partner that can help you reduce your fleet’s expenses, contact our Tampa Bay fleet management team today at (813) 850-0022. We’re ready to help you save BIG on your fleet’s operations!