Customers can access the new tools through GE Capital Fleet Services’ strategic consulting services (SCS) group, a team of dedicated fleet consultants that has helped GE customers identify more than $1.6 billion in potential cost savings over the past five years.
Working with GE Capital Fleet Services’ consultants, customers are able to use the new analytical tools to capture, analyze and act on their fleet data for real-time benchmarking, optimization, and fleet rightsizing via cargo rationalization.
Through the new real-time benchmarking tool, fully-outsourced fleet management customers can tap into GE Capital’s vast data warehouse which includes detailed maintenance, fuel, and accident information for more than 800,000 fleet vehicles for real-time benchmarking data to evaluate their fleet’s performance. GE Capital’s fully-outsourced fleet management customers can easily gain access to highly customized comparisons of how their fleet is performing in relation to other fleets of similar size and composition, and compare benchmarking data across any stage of their fleet’s life.
By comparing a fleet’s actual performance with GE Capital’s benchmarking data, fully-outsourced fleet management customers can now quantify and prioritize more than 40 different cost savings and performance improvement opportunities. With access to customized and tangible solutions, customers can minimize expenditures based on their own unique business operations and needs, and maximize the return on investment of their fleet.
Rightsizing is one of the most cost-effective ways to optimize a fleet’s performance. By taking into account vehicle selection criteria including cargo space, safety and business need, GE Capital’s fully-outsourced fleet management customers can now identify the appropriate size and type of vehicles for the job, thereby improving both fuel economy and resale values.
Cargo rationalization has significant influence on four key areas of successful fleet management: productivity, safety, total cost of ownership and environmental performance. GE Capital’s new cargo rationalization tool gives fleet managers the ability to make improvements in each of the four areas.
“Since 2008, our team has identified more than $1.6 billion in potential savings opportunities for our customers, with nearly $200 million identified during the first half of this year alone,” said Steve Jastrow, strategic consulting services manager at GE Capital Fleet Services. “By combining the advice of our experts with the results of these sophisticated new tools, fleet managers will continue to receive the maximum return on their investment.”
In addition to this updated suite of data and analytic-driven tools, fleet customers can access GE Capital’s team of strategists and its full spectrum of fleet support services.
“Our customers have always been able to utilize the wealth of knowledge of our strategic consultants to realize their cost savings potential,” said Ken Johnson, managing director of strategic consulting and fleet management solutions at GE Capital Fleet Services. “These tools, in addition to our customized personal approach to the needs of our customers, aim to further optimize fleet productivity and cost savings.”
About GE Capital Fleet Services
GE Capital Fleet Services (gefleet.com), based in Eden Prairie, Minn., is a global fleet management company. With strategic consulting, deep analytical insights and experience in every industry, we’re uniquely positioned to help you continuously drive results from the road all the way to the board room.
GE Capital (gecapital.com) offers consumers and businesses around the globe an array of financial products and services. GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works
Sherri Ruesink, Capital Solutions - Fleet Services
P: +1 952 828 2875 - E: Sherri.Ruesink[.]ge.com.