Vendor Management

Fleetworx use a combination of data, technology and expertise to review vendor and lessor performance against agreed contractual terms.

Categories

Vendor and Lessor Management

The Challenge

Maintaining close management of vendor and lessor performance is a key component of a best-in-class company car fleet program.  However, collating sufficient and relevant data is particularly resource intense, and as fleet is very often a small part of a fleet stakeholders larger portfolio of responsibility, instilling systems to collect the data can be challenging.

Our Solution

Fleetworx use a combination of data, technology and expertise to review vendor and lessor performance against agreed contractual terms. Central to this is the collation of large amounts of data and it storage within Centrax, Fleetworx’s proprietary management information system. Centrax then takes this information and turns it into insight.

Your Benefits

The Fleetworx vendor and lessor management module is essential for reviewing and managing vendors KPI’s.

  • generate a strong position in lessor/manufacturer negotiations
  • ensures compliance
  • ensures best value
  • Reduces cost creep
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REVIEWING AND MONITORING FLEET COMMERCIAL TERMS FOR LARGE PHARMA COMPANY
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FAQs

Fleetworx utilises its proprietary Centrax management information system to collect and analyse large volumes of data related to vendor and lessor performance. Centrax transforms this data into actionable insights, enabling businesses to monitor key performance indicators (KPIs) and make informed decisions regarding their fleet suppliers.

Without robust vendor management, companies may struggle to collate sufficient and relevant data to assess supplier performance. This can lead to non-compliance with contractual terms, suboptimal value from suppliers, and increased costs due to unmanaged vendor relationships.

The Fleetworx Vendor Management service minimises cost creep, generates a strong position in lessor/manufacturer negotiations, ensures compliance, evaluates the suitability of products, manages service levels, and provides a vendor escalation point.

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