We feel for those involved with fleet management as it’s not easy. If you’re new to the industry here are some handy tips.
You should emphasise on the use of company provided cars, as you do not have to reimburse your employees after doing their work. If you allow your employees to use their own vehicles, the costs of reimbursement will be very high. In addition, this will go a long way in reducing liability issues.
Don’t allow vehicles to stay in the lit without being used. It is always advisable that you make use of all vehicles in your fleet to generate revenue. Remember that if you allow a vehicle to stay in the lot without being used, it is only depreciating and generating nothing. This just adds to you your expenses. If you are keen enough you will discover that each vehicle actually costs a little amount of money to maintain. If you let all vehicles get used, they will generate more revenue for you.
It’s advisable that you determine your indirect and direct costs incurred by the fleet so that you can aim at lowering them. The aim of your business is to generate profits. This is the reason you should ensure that your costs do not overshadow the expenses. Some of the indirect costs include driver downtime and customer satisfaction. You should keep all these costs at the bare minimum.