Latium Fleet Management Provides Cost Savings for Energy Company
Latium was contacted by one of Alberta’s largest electric utility companies in the Summer of 2016 looking for an in-depth analysis of their current fleet management program. The scope of the project was focused mainly on the internal maintenance functions of the business but included all other aspects of fleet management as well.
Phase 1 of this project was started on July 4, 2016. Lifecycle management, driver behaviour, safety and compliance, internal vs. external maintenance processes, and software systems were all reviewed under the scope of the project.
Through site visits and conversations with the fleet team, findings were documented, and recommendations for improvement were created. Phase 2 of the project was to present the final report to the client’s leadership team of the fleet department on August 24, 2016.
The report included recommended actions from the analysis such as:
- Locations of maintenance facilities
- Fleet department organizational structure
- Consolidation of fleet related policies
- Lifecycle management
- Increased alignment within the fleet group (strategic planning session)
The final phase of the project was to facilitate a strategic planning session for the client’s fleet department on September 21, 2016. Staff from the Latium Fleet Management team, as well as the client’s field operations leaders, participated in this session. The intended outcome was to determine the goals and objectives of the fleet department on a go forward basis.
The client has started to implement these recommendations as they aligned well with other operational initiatives.
One area quickly identified for significant cost savings was to review vehicle registrations. Simply by ensuring the vehicles were properly registered under the correct classifications, Latium Fleet Management was able to reduce the annual registration costs for the client by approximately $50K (approximately 25-30%).
The client is now working towards the consolidation of their internal maintenance facilities. They also have a stronger understanding of areas that need focus to achieve their goals and to satisfy the needs of their internal customers.