Vehicle Fleet Management is a branch of management that seeks to enhance the efficiency and productivity of a fleet of vehicles in relation to the business’s operational requirements. Fleet management involves the analysis, assessment and prioritization of vehicle fleet costs and drivers. It also takes into account a company’s long-term obligations with their fleet of vehicles in terms of fuel consumption, servicing expenses, insurance premiums, repairs and upkeep, and so on. Fleet management also includes a strategy for promoting efficient vehicle use, which can lead to improved profitability, reduction of waste, and improved customer relations. It is offered by a variety of companies including MPH Vehicle Solutions.
It involves many processes and disciplines. The key elements are the identification of the key drivers of the fleet, an assessment of the cost of running and maintaining the fleet, the scheduling and allocation of resources, and the monitoring and evaluation of fleet performance and condition. Fleet managers may use a wide range of tools to evaluate such factors as driver behavior, vehicle reliability, driver wages, training, vehicle upkeep and availability, driver safety, vehicle theft rates and compliance agreements, vehicle usage rates, environmental performance and emissions compliance, and fuel consumption and emissions. Fleet managers may also implement driver education programs and training initiatives as part of improving driver safety and effectiveness.
This type of management has evolved over time due to the growth in the industry. In general, fleet managers are now required to conduct routine assessments and evaluations in order to support strategic business planning and ensure that a company’s activities comply with legal and regulatory obligations. In addition, many authorities have regulated and set standards for fleet management.
