Five Key Questions Your Fleet System Should Answer to Combat Rising Costs

Fleet costs are up across the board. Fuel, acquisition, insurance, parts, rentals, and just about any facet of operating a fleet comes at a higher rate. Further exacerbating the cost management challenge is the offsetting nature of different solutions. If I choose to defer new vehicle purchases by extending the service life of vehicles in my fleet, I see increases in the frequency and complexity of repairs and costs for parts. I can save fuel costs by electrifying my fleet, but how much will I need to invest in EV infrastructure? It’s a complex puzzle. Fortunately for fleet managers, some diligence with gathering and aggregating fleet data can empower us with insights into how best to allocate our finite budgets.

In this session, we’ll discuss how reporting and analysis of data provided by a FMIS can help with questions like:

Are we maximizing the utilization of our vehicles? Do we have the right composition of vehicles in our fleet to stem rental expense or personal vehicle use? What portion of our drivers’ trips could be supported by EVs? Is now the right time to electrify? Based on total cost of ownership data, when is the right time to remarket vehicles? Are internal chargeback rates covering our vehicle costs?

Armed with data, fleet managers can make the best budget decisions and feel confident when challenged for resources by management. We’ll show you how to get there.

Speakers:

Mariah Fucaloro, CPM, Fleet Services Manager, Iowa Department of Administrative Services

Kathleen Wellik, CAFM, Senior Client Success Manager, Agile Fleet