You wouldn’t build a fleet of cars out of Cat-D vehicles, therefore you don’t want to adopt a bad fleet-strategy, too. Fleet management is a growing industry, and as more companies look to outsource their company vehicles, more information about fleet management best practises is available.
Why it’s important to have a good fleet management strategy
Adopting an effective fleet strategy mindset can be a game changer for many businesses, helping you to manage your business fleet in a way that ensures it can rise to any challenge. It can be an administrative-heavy task to manage travel within a business, that’s why it’s important to have an effective and reliable fleet management strategy in place.
There are a number of ways that a company can get the most out of their fleet management game. We’ve put together an informative guide to some of fleet management’s best practices and how your business can adopt them.
Don’t make your decision based on cost alone
First of all, you need to assess all of your requirements as a business and know exactly why your fleet is important. These following steps are considered the most important when putting together a fleet and whilst you need to be aware of finances, it is important to not let it detract from your business needs.
Maximising fleet efficiency
Adopting an efficient company fleet is imperative for the successful operation of travel in your business over the short, medium and long. By ensuring your fleet is run efficiently, you are bound to benefit in other areas of business. A starting point can be to ensure you have the right size of fleet and vehicle specifications for your company and its needs.
Additionally, it is important to minimise off road time to make sure you are getting the most out of your fleet.
Having a dependable fleet is paramount for business efficiency and success, that’s why it is important to make sure that all possible risks are accounted for in a risk assessment. You are held responsible for a number of assets, including the wellbeing and safety of employees, therefore operators must demonstrate steps to manage risk. Check out our guide to fleet risk assessments and see how EVP Solutions can help you with this important step.
Know the laws
A variety of laws and fleet legislation must be followed by fleet managers and their drivers. These range from road safety laws including speed limit regulations, anti-drink driving legislation, and minimum vehicle standards requirements to workplace health and safety regulations and even anti-smoking laws that apply to company vehicles. More information on the types of laws and regulations can be found here.
Protect your assets
Insurance is imperative when running a company fleet. It is important to have the best fit insurance for your fleet to protect your assets, and people. By having a substantial insurance policy in place, your fleet assets are taken into account should anything unforeseen happen. Individual fleets are responsible for providing correct and timely vehicle updates on all vehicles covered by the fleet policy.
The service, maintenance, and repair of company cars and vans is an essential area of fleet management, not only because of the possible costs involved, but also for the driver, passengers, and other road users’ safety.
Some companies may find it is more feasible to adopt in-house strategy. That said, if you decide to keep things in-house, you’ll need to figure out the prices and logistics of what equipment you’ll need to acquire, as well as the staff you’ll need to hire. Whilst others may choose to outsource their fleet maintenance to an expert, saving more time to focus on internal operations.
Running a fleet necessitates administration at all times. From a commercial standpoint, the fleet manager must be informed of any changes that may affect vehicle availability and pricing.
Other factors to consider when choosing a fleet reporting method
Listed above are some of the most important methods to better improve your fleet management strategy, however, there are a couple more details to consider. By improving your vehicle utilisation, you can make your fleet accessible to your employees at any time. Keeping the vehicles moving is an effective way to keep them in good health, too. Another important factor to consider is working to achieve lower fuel consumption and costs.
Equally, to save on fuel costs and improve the environmental performance of your fleet, you could consider going electric. With the government’s 2030 ban on new petrol and diesel vehicles, now is the perfect time to electrify your company fleet. Read our guide to Road to Zero here.
Looking for advice on your fleet strategy? EVP Solutions are here to help. We gain an understanding of the business by working collaboratively with our customers, challenging where necessary, and developing a realistic and deliverable fleet management strategy that is adaptable as circumstances change.