Tag: Cost Reduction
Utilimarc announces the release and performance of its Rightsizing Solution designed to help clients reduce vehicle and equipment expenses.
Fleets preparing for the replacement of ICE vehicles for EV alternatives are looking to understand true utilization of assets to identify surplus needs and rightsizing of assets.
Many fleet managers are utilizing idle reduction tools not only to decrease fuel consumption and emissions, but as a strategy to reduce fleet costs. With budget-cuts happening all around, opportunities for scaling back unnecessary spend are top-of-mind for every fleet manager today. Luckily, idle reduction efforts are a successful approach to this challenge.
Fortunately for fleet managers today, BI is an easy-to-implement tool that converts data sources into new opportunities. Using these key insights, managers can cut out ineffective guesswork and instead, strategize with informed, data-backed decisions. In this article, we explore the top five reasons why every fleet striving for total optimization should be using Business Intelligence for their data analysis needs.
BI helps fleets to futureproof by creating a reliable and repeatable management strategy that is flexible to change. With the fleet industry changing so rapidly today, this helps managers look toward long-term success, focusing on cost-reduction opportunities and sustainable resource management.
One of the greatest benefits of implementing business intelligence is the ability to turn disconnected data systems into actionable insights. Once fleet data is streamlined and cleaned, BI bridges the gap between the initial point of data collection to seeing data-driven results.
Sustainability is interwoven into futureproofing for many reasons. At its core, the idea and goal of sustainability is to carry out our actions and meet our needs without jeopardizing the ability of future generations doing the same. This is essentially the same goal as futureproofing, no?
There is more internal and external pressure than ever before for organizations to make their practices sustainable and to find different ways of doing so. This can mean something different for each distinct organization, especially when it comes to how they approach it.
In order to know where fleet costs can be cut, it is essential to fully understand each vehicles’ total cost of ownership (TCO). This number is sum of all costs associated with acquiring a vehicle and keeping it operating throughout its lifecycle.