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Fleet Operations, Finance Departments Not Seeing Eye to Eye

“Corporate finance departments and fleet managers bring different perspectives to priorities such as vehicle acquisition, cost reduction measures, and maintenance and repair that can create obstacles such as “a significant lack of communication,” according to a new survey from Fleet Advantage… A majority of fleet executives (62.5%) said they focus on maintenance and repair costs when calculating a fleet’s return on investment and three-fourths said they present this data to finance to gain access to capital expenditure for new equipment. A “stronger focus on TCO metrics” by finance would improve cost reduction initiatives and significantly improve cash flow in truck fleets. ABout 18.8% of finance professionals don’t inquire about these metrics, according to Fleet Advantage.”

Originally posted on Automotive Fleet

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