Disagreements over Energy Resources: A Persistent Issue Between the Financial and Environmental Executives
In today's fast-paced world, commercial fleet managers are under pressure to control costs, especially when it comes to fuel consumption, one of the highest and most volatile costs in fleet operations. However, a more progressive cost reduction strategy can drive both longer-term savings and lay the foundations for a more sustainable fleet.
Ben Varey, a Commercial Vehicle Fleet Expert, emphasizes the importance of leveraging Artificial Intelligence (AI) in this regard. AI can be used to generate ideas for reducing fuel consumption in fleet operations, and the results have been impressive and relevant.
One such idea is optimizing driving behavior through autonomous or assisted driving systems. By maintaining steady speeds and reducing aggressive driving, at least 10% of fuel use can be lowered. Another idea is using AI-powered telematics and real-time data analysis for route optimization, reducing empty runs, and improving vehicle utilization. Lastly, intelligent energy management in vehicle systems, such as smart cooling and modular retrofit solutions, can enhance efficiency and reduce fuel consumption.
When fuel prices increase, fleet operating costs increase exponentially. This pressure often leads to requests for quick and tactical cost reduction initiatives from CFO or finance teams. However, by framing fuel consumption as a shared challenge for both CFO and Chief Sustainability Officer (CSO), it's possible to navigate away from short-term tactical actions and towards more forward-looking initiatives.
Collaborative brainstorming about decreasing fuel consumption generates more successful ideas from stakeholders. This approach, coupled with the use of AI to support idea generation during the brainstorming process in a strategic way, can facilitate the flow of ideas and initiatives.
Simple steps to start a more progressive cost reduction strategy include framing fuel as the shared challenge, demonstrating the financial and CO2 emissions benefits of reduced fuel consumption, and focusing on more forward-looking initiatives. Join the Commercial Fleets community to receive the monthly dedicated newsletter, Commercial Fleets Insight, for more insights on this topic.
Remember, fuel is also the number one contributor to fleet emissions. By reducing fuel consumption, we not only save costs but also contribute to a more sustainable future. So, let's work together to make fleet management cost-effective, sustainable, and environmentally friendly.
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