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Decision-making practices are the #1 consideration

Explore the best practices for managing the total cost of ownership (TCO) in fleet management. Learn how effective decision-making practices and a strong sales leadership team can enhance competitiveness in the hiring process. Understand the importance of adherence to fleet maintenance and fuel policies, and how minor deviations can impact costs. Discover FMC’s initiatives, including controlled authorization and the application of client-specific parameters that help maintain lower-than-average maintenance costs, while ensuring driver compliance with fuel selection and preventative maintenance practices.

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Decision-making practices are the #1 consideration

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  1. Shirley Collins TOTAL COST OF OWNERSHIP • Decision-making practices are the #1 consideration • A Sales Leadership Team is fleet’s “internal customer” • How does this make us competitive in the hiring process? • Selector Management • One selector level / no executive fleet

  2. Shirley Collins TOTAL COST OF OWNERSHIP • Maintenance Costs • 4% of drivers deviate from the fleet maintenance policy • Especially preventative maintenance practices • Fuel Costs • Less than 1% of drivers deviate from the fleet fuel policy • choosing regular fuel over premium • use of tier 1 fueling stations over tier 2 Maintenance Costs FMC’s efforts towards controlled authorization, post-warranty recovery and field adjustments = $841,814 YTD

  3. Theresa Belding Selector Management low cap costs low use of stock purchases diverse OEM usage fuel economy – vehicles over 20 MPG Control Fuel Costs Through Driver Compliance Less than 1% of drivers deviate from the fleet fuel policy choosing regular fuel over premium use of tier 1 fueling stations over tier 2 TOTAL COST OF OWNERSHIP

  4. Theresa Belding TOTAL COST OF OWNERSHIP • FMC Helping To Hold Maintenance Management Cost Lower Than Industry Average • Use of National Accounts vs. independent vendors • FMC’s controlled authorization and application of client-specific parameters: • Short-term Rentals • No rental is allowed for preventative maintenance • Max 3 day approvals • Only full size • FMC monitors these areas weekly

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