Fleet Budget Optimization Services from Source One
Source One’s fleet optimization experts can help you identify the most cost-effective vehicle products and services for your organization’s unique fleet needs.
Whether you own or lease your fleet, managing the costs of this category can seem like a juggling act with individual components influencing one another. Changing your tire brand, for example, can have rippling effects into maintenance schedules, vehicle uptime, and fuel efficiency. Sole-sourcing your fleet from one manufacturer may reduce the skillset needed to maintain the vehicles and limit the number of replacement parts, but could have a negative impact on your operations as OEM recalls, bailouts, or compliance issues frequently emerge in this industry. Or, perhaps your organization needs to re-evaluate your fuel-card strategy to make room for alternative energy sources. With countless moving parts, interconnected silos, how can a single fleet manager be expected to manage these pressures on a limited budget?
Source One is at your service! Our fleet sourcing experts understand that no two fleets are alike – each composed of vehicles serving specific business needs, with varied fuel and maintenance costs. We recognize that fleet sourcing initiatives must be customized to your unique fleet needs, which is why we take a comprehensive approach to optimizing your fleet operations, considering:
- Original Equipment Manufacturers
- Acquisition & Remarketing Structure
- Fuel -Card & Fuel Programs
- Administrative Functions
- Required Reporting
- Technology and Telematics
- Maintenance Programs
- Replacement Parts, Tires, and Disposables
Is your organization looking to transition to an eco-friendly fleet? Are you weighing the options between buying outright vs. leasing fleet vehicles? Are you interested in exploring alternative maintenance arrangements? Does your fleet fueling operations need to be centralized? Working alongside your procurement team, our strategic sourcing and fleet category experts will work to identify the right fleet management solution for your business needs, providing end-to-end support for your fleet sourcing initiative including:
- Identifying Fleet requirements, such as fuel and maintenance
- Providing Fleet Management Benchmark Data
- Developing a go-to-market strategy
- Evaluating Sourcing Results
- Supporting Direct Negotiations
- Providing Strategic Advice and Decision Support
Our spend management experts have supported countless fleet sourcing engagements and understand the complexities and cost drivers of fleet operations. We’ll put to use decades of procurement best-practices, coupled with fleet management expertise to deliver a customized budget optimization solution for your organization’s fleet operations.
Contact our fleet cost reduction experts today
Comprehensive Cost Reduction Solutions
Fleet Management Case Study
After experiencing rapid expansion and growth, a food distribution services company needed to centralize and optimize their fleet. Looking for category experts to rationalize their current program and enhance contracts, the food services company reached out to Source One for category-specific support. After conducting a thorough assessment of the client’s current fleet providers and programs, as well as their fleet needs, Source One’s fleet sourcing experts went to market.
Following the RFP, Source One’s experts narrowed the fleet management supplier pool. Contending vendors were then asked to present a full business case inclusive of Total Cost of Ownership and Return on Investment, Guarantees and Incentives, and Value-Adds. The leading Fleet Management finalist addressed all the client’s requirements, delivering recommendations, an actionable plan, and a clear transition timeline based on milestones. Their customized business case demonstrated their exceptional value as a true partner for the client, offering the ability to manage all aspects of fleet and offering consultative support.
Source One’s fleet management sourcing team then lead the negotiation process – securing the an agreement with this Fleet Management Provider, producing a 13% annualized savings for the fleet management program, with significant value-adds. With Source One’s support, the food services company was able to secure much more than cost savings through their fleet management sourcing initiative. They were able to forge a true partnership with their new fleet management provider, allowing them to address current fleet needs while providing flexibility for future growth.
Learn how Source One helped a Fortune 1000 company optimize their fleet program.
Logistics and Freight Optimization
Drive efficiency and budget optimization in your domestic and internal transportation operations by partnering with Source One’s shipping and logistics experts. We’ll leverage your overall spend and work to optimize shipping routes while incorporating market conditions, provider capabilities, and geographical locations. Our cost-reduction experts will custom design a sourcing strategy based on your organization’s logistical needs and provide support through implementation, including establishing proper freight payment processing methodologies.
Logistics Spend Management