Client: Major OEM
Fleet Size: 10,000+ vehicles
Results:
- Maximized vehicle utilization resulting in an inventory reduction of 60%
- Reduced vehicle hold time resulting in $2.2 million annual cost savings
Background: Penske Vehicle Services was contracted to provide complete vehicle lifecycle management services for Engineering, Prototype, Employee Lease, Pool and Security vehicles.
How we did it:
- Implemented our proprietary fleet management software
- Took on all engineering vehicle related activities
- Reengineered processes to eliminate redundant systems
- Automated manual processes
- Consolidated reporting with increased visibility into fleet financial data
