Corporate Vehicle Fleet Management

Corporate Vehicle Fleet Management

Sometimes, managing a fleet of corporate vehicles can prove to be a daunting task. However, if proper procedures are implemented, your business can reduce costs and maximize profits in turn. With fleet management, you can do away with incidences like breakdowns, accidents, and driver downtime, which can waste a lot of time.

Businesses must endeavor to ensure that incidences like downtime are avoided at all costs. This is because your business will incur a lot of costs at the end of the day while the vehicle is adding no value to the business in any way. If your corporate vehicles are not properly managed, they can affect the business’s cash flow in the long run.

What is corporate fleet management?

Corporate fleet management is the management of the vehicles of a company or business. The vehicles can range from tractors to cars, lorries, and trailers. Fleet management factors a lot of aspects including tracking, maintenance, fuel usage, driver management, vehicle diagnostics, and health and safety. Vehicle tracking can be done using a device that employs GPS technology and is known as AVL from EyeRide.

The reason why many corporate entities have turned to fleet management is that it helps them avoid risks that are often related to investment in vehicles, compliance, and accidents. Fleet management can be in-house or outsourced. It is usually done with the help of fleet management systems.

Why corporate vehicle fleet management?

As a business, the efficiency in which you execute your operations is crucial. For instance, if you are doing deliveries with your fleet, your customers expect the goods to arrive in a timely manner and in good condition. This can make your company very reputable because of how efficient your operations are done. With fleet management, you can optimize routes to avoid traffic jams or manage drivers to avoid unnecessary stops. This, in turn, can improve productivity.

How to successfully manage your fleet

Successful fleet management entails the following:

Regular vehicle checks

As the old adage goes, prevention is better than cure, and so is the case with successful fleet management. Carrying out regular checks can help to identify a potential problem that is building up and then deal with it at its early stages. You can then perform simple fixes that can keep your fleet on the road for a long time. Using your fleet management system, you can create a schedule for conducting checks.

Regular checks are cheaper and can help you avoid cases of unscheduled vehicle maintenance, which can be very costly. You can lose your customers’ trust while also paying the full salary of employees who did not work because of a vehicle breakdown.

Proper maintenance of the vehicles

For any business, it is critical for your operations to be as efficient as possible. Competition is as high as ever and to survive it you must keep your productivity at the highest level. That is why you should regularly maintain your vehicles to ensure that they are performing at the level they are supposed to. A vehicle should be taken to maintenance when the date comes. This is to enhance both safety and productivity.

Use the latest fleet management technology

The larger the size of your fleet, the harder it is to manage. That is why you should include the latest fleet technologies like automatic vehicle location devices (AVL) and fleet management software. With these, you cannot miss maintenance schedules and can monitor driver performance and optimize routes.

Conclusion

Corporate vehicle fleet management helps businesses to keep an eye on their vehicles, thus saving money due to reduced vehicle breakdowns, timely maintenance, and proper fuel utilization. It also ensures compliance with laws and improves customer service due to timely deliveries.

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