What is a fleet management strategy?

A fleet management strategy is a document outlining how a fleet contributes to the company’s overarching goals. It defines how you’ll build, run, and optimize your fleet’s daily operations to achieve maximum efficiency and profitability. It’s also known as a fleet management plan.

Crafting your fleet management strategies involves the following steps:

• Goal-setting. Examine your fleet’s current state and identify areas for improvement, any roadblocks, and techniques yielding positive results. Create objectives and KPIs based on those findings.
• Fleet data centralization. Consolidate and study your fleet information. Use fleet management software and other applicable programs to automate your computations and analysis, especially for large datasets.
• Risk assessment and mitigation. Identify current and future risks; discuss the risk levels and their business implications with your team; and develop solid approaches to avoid, minimize, and address risks as they happen.
• Measuring your fleet’s progress. Constantly monitor your fleet’s attainment of KPIs. Fill in any performance gaps as needed.