Fleet Management – Put Your Fleet Fueling Policy in Place For 2010 – Part 1

admin — Wed, 02 Jun 2010 06:05:52 +0000

One of the big benefits of fleet management is the reduction in fuel costs that it can provide. Using a smart and well laid out strategy for managing your fleets can be done more easily with the right software. If the right software is used, then fleet management policies can be easily tracked. In this article, the author discusses using fleet management as more of a fuel management policy. Read on for more.

As a new year quickly approaches, it’s an ideal time to review current policies that your company has in place. I can’t think of a policy that can help your fuel management program better than reviewing what you are doing now for fleet fueling. And if you don’t really have a policy, now is the time to start your fleet fueling program.

Establishing a fleet fueling policy makes sense. After all, fuel is usually the single largest variable expense for a fleet of any size. A fleet fueling policy-carefully planned, implemented and enforced can be a company’s most effective tool in the battle to reduce unnecessary overspending. In this day and age, saving money and cutting costs are a great way to survive and to add to your company’s bottom line.

We have talked about fleet fuel cards before, and the electronic capturing of fueling data at the pump through the use of electronic fleet fuel cards. By doing this, fleet managers now have timely, accurate data they can use to battle waste, abuse, theft and fraud. It is a very important tool in helping to control your fleet fuel spend. People are always surprised to learn that, on average, over 1.5 percent of a company’s fuel budget is lost to fuel theft. We are talking about the kind of fuel theft that happens when employees at your company steal fuel from you. Employee theft accounts for 81 percent of the fuel that’s stolen. The other 19 percent of the time, an outsider is stealing from you through siphoning or using your fleet fuel card without proper authorization.

If a driver makes a purchase outside parameters set by the fleet manager, such as when a driver buys premium rather than regular gasoline, this information is recorded instantly and appears on a regular billing statement along with the individual driver and vehicle number. Through the use of tools like exception reporting and purchase alerts, fuel managers can enforce cost-saving policies quickly, not weeks after the fact. Hours make differences, and as a fleet manager, you want to be able to quickly enforce your fleet fueling decisions.

We have all heard of management by exception, and when you’re dealing with hundreds to tens of thousands of fleet fuel transactions, it is really the best way to go. For many, highlighting problem areas is a very cost-effective, accurate and efficient way to implement, manage and enforce a successful fleet fueling policy. With exception reporting, fleet fueling information is funneled through the company’s policy parameters and is sorted to show where, when and by whom fleet fueling policies are being disregarded.

Glen Sokolis
President
Sokolis Group
Fuel Management & Fuel Consulting
Industry Expert
http://www.sokolisgroup.com
gsokolis@sokolisgroup.com

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Publish Date: 05/27/2010

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Fleet Management Systems – Could They Be an Answer to Rising Fuel Costs?

admin — Wed, 24 Mar 2010 17:00:46 +0000

Rising fuel costs certainly are forcing consumers, and business especially to look at ingenious ways to reduce costs. One way for businesses with fleets of vehicles is to use a fleet management systems to reduce waste. This article discusses mostly what a fleet management system is at the 10,000 foot level as well as how it may be able to reduce costs. You will certainly need to continue your research for a specific fleet management system solution that might be good for your business, but this is a good place to start if you are just starting out. You will get some ideas of where to begin your search, and sometimes, that is half of the battle.

The rising cost of fuel will force many companies to re-assess budgets and costs, so fleet management will become a central tool for managing consumption. Global Positioning Systems (GPS) have become an essential commodity for vehicle management services that allow companies to efficiently manage the journeys, journey times and locations of their drivers.

It is conceived that this service can considerably help companies, trying to balance the rising costs of fuel with a competitive service, to maintain their edge.

Trimming the Fat in Operational Costs with Fleet Management

If you’re a company that has an extensive list of vehicles under your control there is an essential value in employing a fleet management system. Not only does an active fleet policy give you the control over monitoring your drivers and where your vehicles are, it also allows for better operational management.

‘Trimming the fat’ in operational costs has become a key focus since the cost of fuel began to rise again. Fleet management services also offer expenses and cost control as well as risk management and duty of care. This can save thousands of pounds in the long run and help the business run more efficiently in the processes.

Keeping You in Control of Your Business

Keeping you on the road by providing professionally sourced vehicles that can steer your company in the right direction, vehicle management also allows you to keep track of your vehicles and improve the efficiency of their operating costs so you might not feel the pinch of rising fuel prices quite as much.

Fleet Management is a service which grants small and large companies that depend on transportation in their business to eliminate or reduce the liabilities related with vehicle investment.

Fleet Management Solutions, Inc. Enhances Mission Execution and Driver Safety for GEO Transport, Inc. (prweb.com)
The City and County of San Francisco Selects AssetWorks’ Fleet Management Software Solution (eon.businesswire.com)

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