Finding Value in Your Fleet Budget

Budgets are often the bane of many fleet managers' existence. They're complex and time consuming, and often lead to a lot of questions and pushback from your leadership team. However, when viewed the right way, your budget allows you to prove your impact as a fleet manager. In this episode, we break down all of the expense categories that fleets should be tracking and provide tips on how to improve your budget adherence as you enter the new year.

Question: For fleet managers, what are some big budgeting wins that you've had in your career? Where have you found places to reduce your fleet costs? Send us an email and your response could be featured on a future podcast episode or blog post.

Takeaways from this episode:

• The fleet is often viewed as a cost center. By adhering to your expense forecasts, you can set expectations around the costs affecting your fleet and reduce this stigma.
• Categorizing your fleet expenses allows you to identify opportunities for improvement when it comes to budget adherence in 2024.
• Being under-, at- or over-budget should not be viewed as a success or failure. Rather, i should be viewed as an opportunity to improve yourself and your fleet.

Additional Links and Resources:

• Building a Fleet Budget 101 (white paper)
• Fleet Management Cost Analysis (blog)
• 7 Ways to Reduce Fleet Costs (blog)
• Fleet Expense Management Software (solution)