Higher petrol prices may be a particularly difficult challenge for corporations to overcome as they are placed under greater financial pressure while also feeling unable to raise their charges due to the risk of losing business.
Dealing with changes
As well as a faltering economy, organisations need to make sure they are fully aware of any changes to regulations, which can add additional costs to the supply chain. Corporations may find the regulatory burden placed on them is considerably higher than it has been in the past.
Measures such as the Access to the Occupation of Road Transport Operator regulations have ensured companies need to take action and provide details in an appropriate timeframe or be at risk of losing their licence as part of European Union law.
Those operating fleets, whether small or large, have been faced with rising fuel prices, while there is also a need to ensure that their vehicles are up to the required standards in terms of safety.
Little room for waste
Corporations hoping to continue to operate successfully during the ongoing economic turbulence will have to ensure that waste is cut out as best as possible by operations managers. Keeping on top of expenses and slashing unnecessary costs from the budget could be the difference between triumph and failure for transport and logistics [Transport and Logistics] enterprises.
Many firms will be aware of the importance of keeping on top of their finances in order to remain competitive with their rivals. One way that some might try to achieve this is to address their field service [Field Service] management, which can offer benefits such as greater customer loyalty.
Increasing service levels can also prove important, which may require the latest technology to be deployed. Taking steps such as integrating supply chains can offer numerous benefits including greater satisfaction levels from customers, greater revenue and lower costs.
Manage running costs, reduce carbon footprint, improve road safety, decrease accidents and improve passenger comfort and safety.
Many leasing companies use MiX Telematics for a vehicle management system that enables them to provide their customers comprehensive and accurate fleet data and controls.
Providing specialised solutions for the Transport and Logistics industry, helping customers save money by improving fuel efficiency and reducing running costs.