How to Select an FMC (Fleet Management Company)

How to Select an FMC (Fleet Management Company)

A common pain point for organizations is finding a proper fleet management company (FMC) that fits their specific situation. Organizations of all shapes and sizes can make tremendous changes to their bottom line by streamlining their systems. A fleet management company can help your organization find the right formula to analyze your needs and create a plan of action that can ultimately benefits your bottom line.

When your organization finally makes the decision to begin their search for a fleet management company, here are a few points to consider.

Complete Management

The company you eventually choose will benefit your organization best if they offer complete management of your business life cycle. The FMC will assist in strategic asset acquisition, improve maintenance efficiency, and provide consultations of the retirement and leasing of new assets for your fleet. This will save your organization time and money.

Maintenance & Management Solutions

Keeping your fleet up and running is an obvious, yet very important part of making sure you can get your job done. A smart FMC should assist you in organizing your maintenance plan, sourcing new maintenance vendors, and negotiating better deals with current and new providers.

Cost Tracking

Being a business in the digital age requires your organization being up to date on the latest trends. Whichever FMC your organization chooses should assist your company in digitizing sales reports and tracking KPI’s, thus giving you clean takeaways to improve your ROI. Digital also means always on, which means the FMC of your choosing should back their management up with 24/7 support and monitoring so you can always get the most out of your fleet.

Fleet Size

Lastly, your fleet management company should provide a proper audit of your business to deliver a strategic purchasing plan into outfitting your organization with the right sized fleet. This can improve cost efficiency and make the proper investment to ensure your organization is on the path to success.

We're Here To Help

Our customers are at the center of everything we do. HCO knows that many of you are navigating unprecedented challenges and we’re here to help.

The current economic environment has created stress on many of the core industries that this country relies on to thrive.
- Corporate liquidity is at a premium and the management of your balance sheet is critical.
- Bank and vendor leasing for equipment is tightening as corporate credit ratings are in flux and lenders are focused on securing their own capital.

HCO is leading through this disruption with customized forklift fleet programs that allow companies to 1) replace fleet assets and 2) service those assets without relying on banks or vendors for leasing. Our managed service programs allow companies to secure assets and service programs with no upfront capital, and no end of term lease obligations. We are reinventing the way companies access equipment and service. Please reach out to discuss whether this would be valuable to your company.

As we execute our business continuity plan, we will rely on the guidance from the Center for Disease Control, federal, state, and local governments to guide our decisions to keep our employees and our customers’ employees safe. We are committed to continuing to provide clients with our valuable services.

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