Learn how mid-to-large fleets can optimize budgets by leveraging economies of scale, technology, and sustainability for cost-effective operations.
Discover expert tips and strategies for small fleet managers to optimize budgets, manage cash flow, and ensure cost-efficiency amidst unique challenges.
Creating a fleet budget is crucial for operational success. Learn how to align your budget with business objectives, leverage technology, and plan for the unexpected. Discover expert tips and practical advice to make your fleet budget more effective and resilient.
Budgeting for fleet vehicles is more pronounced than ever. Here is how to navigate IRS mileage reimbursement for fleet management.
A cost-deferral strategy simply defers or moves expenditures to future fiscal years. Cost-saving measures seek to lower current spending levels. Cost-avoidance initiatives are actions that eliminate incurring a cost in the future.
If you’re in the throes of budget planning right now, ask yourself these five questions to make sure your plan is solid and set up for success.
In addition to selecting fuel-efficient assets, another way to control fuel spend is to modify driving behavior, a key variability in fuel economy. The difference between the most and least efficient drivers is a 30% difference in fuel consumption.
Everything fleet does revolves around money: asset acquisition, fuel to operate assets, maintenance to keep assets operational, and myriad other miscellaneous, incidental expenses ranging from tolls, parking tickets, and waste disposal fees to taxes.
Take the time now to research future solutions to reduce fuel expenditures. If at the end of the year there is some cushion leftover in your fleet’s fuel budget, you are armed and ready to utilize what you can to help ensure future cost savings.
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