Cash is king in the age of recession and the more companies can generate cash - or stop cash from going out of the business - the better.
That should be the mantra for all fleet decision-makers as they get to grips with cutting vehicle operating costs, according to experts who spoke at Fleet Support Group’s recent What’s In It For Me? workshop.
As companies across the broad spectrum of industry and commerce look to slash costs to survive the first recession since the early 1990s and the first that many people will have lived through, lawyer Kevin Basnett, of Gough’s Solicitors said: “It is about performance management.
“In fleet terms it is about using less fuel, having fewer accidents, reducing the volume of repairs and achieving higher vehicle residual values. If that is to be achieved then fleet decision-makers must actively manage drivers.
“Priorities must be picked and aims chosen. Too many companies are guilty of acquiring a wealth of information on the performance of their fleet and having systems in place, but the systems are only as good as the people running and using them. If you put in hard graft then you will have a red letter day. Doing nothing is not an option.”