Better vehicle utilisation can cut fleet hire costs, says Mycompanyfleet
16-Nov-2009 - [NorthgateArinso]
Fleet managers can cut rental and other vehicle hire costs through better utilisation of vehicles already on the fleet. That’s the view from Mycompanyfleet, the fleet software solutions provider and automotive division of NorthgateArinso, which says that companies can save money by improving the way they utilise the vehicles they already have.
Vehicles that are freed up when employees leave through redundancy or natural wastage can often lay unused for days sometimes weeks before they are re-allocated or returned to the vehicle supplier, especially in a multi-site situation.
Quite often they can be in locations very near to where they are required. In one example, a Mycompanyfleet customer that had been resorting to short term hire to meet local mobility needs, was able to identify that it had spare vehicles in the car park at another office only 20 minutes away through the use of its FleetHR fleet software system.
By utilising those spare vehicles back within the fleet, it was able to make savings running into thousands of pounds that would have otherwise been incurred in terms of short term hire costs.
By having all vehicle details entered and up-to-date on a fleet software system, such as FleetHR, it is possible to keep a much closer control of the whereabouts of vehicles across different sites at various locations.
FleetHR employs Mycompanyfleet’s acclaimed exception reporting methodology within a highly visual dashboard environment that highlights areas that require immediate management action.
This can be pre-set to flag up exceptions such as vehicles becoming free across multiple locations within the business, allowing the fleet manager to take the appropriate action to re-allocate vehicles as quickly and effectively as possible.
Andrew Leech, Mycompanyfleet business manager, said: “Companies are all too ready to bring in daily rental or short term hire vehicles to meet their short term mobility needs, without first taking stock of what vehicles they already have on the fleet which are currently being under-utilised.
“By having up-to-the-minute vehicle details on the fleet management system in real time, any changes to the status of a vehicle can immediately be flagged up, and that vehicle can then be reallocated to fill a short term need, thus avoiding additional hire costs.
“By keeping better control of all vehicles on the fleet through the fleet management system in this way, available vehicles can be matched to those locations where they are most needed and vehicle utilisation and cost control improved dramatically,” he added.
Notes to Editors
Mycompanyfleet is NorthgateArinso's automotive software division, focused on the fleet, leasing and general automotive sector. Mycompanyfleet provides fleet managers with the systems they need to more efficiently and cost-effectively run their vehicle fleets, as well as tackling the latest issues that affect day-to-day fleet operations, such as duty of care and environmental issues.
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