If you’re not measuring it,
You’re not managing it!
Understand your risks and costs
It is important to measure your fleet performance so you can identify where the opportunities are to improve your work-related road risk profile, improve efficiency and reduce costs.
While the metrics on this downloadable sheet are a good place to start, they most certainly aren’t the full range of costs. The obvious costs are easy to calculate such as your total fleet insurance premium, the amount required to cover the excess payments, as well as any penalties your leasing company might impose when vehicles are returned at the end of term.
However, the insurance industry calculates that the hidden or uninsured costs to the business are normally between x4 and x32 the cost of repairing the vehicle. The reason we refer to them as hidden is because most organisations don’t track them them or, if they do, they don’t get allocated against the collision.
If you have a large fleet you may well already have your own established systems for capturing all of this data and more.
If you haven’t measured your fleet performance before then download the attached sheet and make a start. Committing to measure collisions and costs is the third and last requirement for becoming a Driving for Better Business Practitioner.
Organisations that have been measuring for over 12 months, and can prove their risk management strategy has resulted in lower collisions and costs, can become a Driving for Better Business Champion with the opportunity to promote your business and attend exclusive events.