Controlling the Controllables
As we all know from the article above, fuel isn't getting any less expensive. We've all heard the predictions, projections and prognostications about what is going to happen with diesel fuel prices. We believe it's pretty clear that no one really knows. Therefore, the only true things you can worry about are the things within your control.
How can your company control its fuel variables?
1. Have a fuel program
2. Price Insurance (Hedging)
3. Review all pricing
4. Monitor MPG
5. Idle Policy
6. Fuel Card Program - with solid controls
7. Benchmark your costs for all deliveries
8. Educate your drivers about fuel costs and what they need to do to reduce fuel usage
9. Unless your managers, truly understand the fuel industry, don't let them manage the program
10. Audit all fuel deliveries
Controlling the controllables is not a one-time solution. It needs to be reviewed, monitored and followed up on. If not, your company is probably leaving thousands of dollars on the table every month. Need help?
We want to thank everyone that took the recent survey we sent out. Results for our contest will be issued in an upcoming newsletter.
Is your company concerned about fuel costs? Is it running a hundred miles an hour in another direction? Are you not sure how or if we can help? Just give us a call at 267-482-5188 or visit www.sokolisgroup.com. Our staff will be happy to answer any questions you might have.
