When your doctor prescribes a medication, they rarely take you aside and say "Don't go to work" or "Don't drive while on this prescription".
A fleet manager is tasked with various responsibilities. Among them is making sure that the company and its employees are compliant with IRS rules and regulations.
Keeping a handle on small business expenses can be difficult. It is easy for the costs to climb, leading some savvy business owners to look for ways to control spending and manage expenses.
Asset management is an invaluable aspect that affects the efficiency of your fleet operation. As the year approaches its final stretch, you must assess your fleet assets to determine their relevance in your business. The temptation to keep your older vehicles is irresistible because of the short supply of new ones.
The unexpected pandemic hit hard to the extent that many companies advised their employees to park company vehicles, avoid in-person meetings or business travel, and stay safe.
The ongoing semiconductor chip shortage has had a significantly severe impact on the global automotive industry.
Road accidents can be damaging to your business. You can end up spending a lot of money repairing the damage, especially for innocent drivers. According to the Insurance Research Council, staged accidents have increased. Insurances spend over $7.7 billion on auto injury claims.
Fuel efficiency is a serious concern for most fleets. In many cases, fuel can define your daily overhead. Good fuel prices and efficient driving can significantly reduce your budget use in a month and long-term improvements can go so far as to impact your end-of-year revenue.
You have realized that you need a fleet for your business. What next? The next thing is to decide whether to lease through a fleet management service or a dealer. However, you don't know which one you should choose.
Managing a fleet is no easy job. It requires commitment and expertise for effective management. It'd be best to consider outsourcing the services to a third party if you own a fleet. Here are several ways fleet outsourcing makes your job easier.