Most businesses would be able to reduce their fleet costs by 5 – 10 per cent by implementing industry best practice, according to 4C Associates.
“With fuel prices steadily rising and businesses continuing to evolve in a volatile economic environment, fleet expenditure is a key area for our clients to cut costs,” said managing partner Craig Bunker. “By implementing cutting edge cost transformation processes and the latest technology, companies are able to increase their margins and drive growth.”
It recommends:
* Replacement of vehicles driven by cost and not age
* Extended life vehicles used as part of a flexible fleet to replace expensive spot hire
* Innovative acquisition methods such as operating leases, financials leases and capital purchases
* Standardisation of vehicle specifications by utilisation
* Investigation of Vehicle Maintenance Units (VMUs) in high frequency / volume locations
* Repair & Maintenance analysis to track spend in specific regions and matching monthly payments to PAYG schemes depending on spend forecasts / profiles
* Unbundling the purchase of the chassis, finance, ancillary equipment, tyres and maintenance
