By developing a fleet of vehicles, your business is likely to face the challenging decision of who will be there to assist when you have a driver stranded on the side of a busy motorway, with lost time and the ability to stay calm rapidly decreasing. The degree of panic that may or may not occur as a business will depend directly on whether the appropriate breakdown and recovery plan has been put in place.
When starting out a vehicle fleet, or redeveloping an existing fleet, for a business it is critical to be able to develop a daily vehicle checklist that will be conducted before use of the vehicles on the fleet. A business fleet should always have structure developed from process and procedure. By putting together a vehicle hire checklist for a company to utilise daily, the structure is supported within the process to help develop efficiencies and productivities that will lead to decreases in cost as well as increases in customer satisfaction.
Fleet management is a tremendous industry, valued at over €250 billion throughout Europe, with an annual growth rate of 16 percent over the past 5 years. It is a function that allows an organisation, that relies on transportation in business, to be able to remove or help to minimise risk associated with the vehicle investment. Fleet management allows for improvement in efficiency, productivity, and reduction in cost amongst staff and transportation while meeting the goals of consumers in the areas in which the business serves.
You see it every day on the road, a stranded motorist waiting for technicians to respond while they are waiting, not so patiently, with a mobile phone in hand catching up on the daily business happenings. In fact, a recent study by the UK government illustrated that, on average, over 154,864 vehicles breakdown every year on UK highways; that is over 400 per day. Time spent away from the primary business functions needed throughout any given day may cost a business considerably in time and action, resulting in potential losses or detriment to the bottom line.
When it comes to making important financial decisions in business that will impact the bottom line, the decision to finance a business vehicle over a direct purchase is at the forefront of every business owners’ mind. Additional concerns such as liquidity, long-range forecasting, and countless other thoughts begin bouncing around. Decisions in business should always be grounded on numbers, not on impulses, so it becomes vital to make strategic choices that will enable or contribute to the bottom line rather than detract.
No two business owners in the UK will have exactly the same experience when it comes to running their company, but there are some concerns that will be nationwide. Let's take a look at five problems that any and all business owners in the UK may be finding himself or herself up against.
The United Kingdom workforce is expected to receive a pay boost from April 1st when new National Living Wage changes come into effect. At last November’s Budget, the chancellor announced that the National Living Wage would increase 4.4% for those aged 25 or over. To help business owners understand what the changes will mean and how it will affect their bottom line we’ve compiled a quick and easy guide below.
With Valentines Day just round the corner here's 5 reasons why our customers love their RAM Tracking!
It’s the start of a brand-new year, which means 365 new possibilities for your business! As a fleet manager, have you thought about your business resolutions? What you can do to improve and run your fleet of vehicles more efficiently? Following on from the big changes last year, utilising new technologies, such as a vehicle tracking system, will be essential in helping you achieve this.
The Chancellor, Philip Hammond, had several key announcements during the latest budget, the most talked about being the tax rise for diesel can owners. For fleet managers and business owners this is likely to hurt the bottom line. It’s less than a decade ago that the government was encouraging business fleets to take on diesel fuel vehicles for their business operations. Now the government has done a full U-turn and the Chancellor’s diesel benefit-in-kind tax supplement is set to rise from 3% to 4% from as early as April 2018. This echoes recent speculation out of Whitehall that the government could in fact even ban diesel altogether in major cities from 2020. So where does this leave business owners with a fleet of diesel vehicles?
- How to pick the right breakdown and recovery provider for your business
- Vehicle Hire Checklist for Companies
- What is Fleet Management?
- One year later: How have income-based speeding fines impacted business fleets?
- Most Common Issues with business vehicle breakdowns
- Benefits of Finance Business Vehicles over direct purchase
- 5 National Concerns that Affect the Business World in 2018
- New National Living Wage Rates
- How will the clocks going forward affect your fleet of vehicles?
- 5 reasons why our customers love RAM’s vehicle tracking