Chevin: investment-led approach to cost control will be trend for 2011
Managing director Ashley Sowerby said: 'This year will throw the spotlight onto efficiency and utilisation. With public sector budget cuts and the knock-on effect this will have on the private and third sectors it will be vital to return maximum value for money from organisations’ assets. In order to achieve this, processes and administrative overhead will have to be removed or streamlined. Of course, in order to save you sometimes need to spend first and we are already seeing an investment-led approach to cost control. The old adage “You can’t manage what you can’t measure” is truer now than ever before.'
The company says that although many companies have been reluctant to spend capital on new products and services throughout 2010, others have researched the market thoroughly and are investing in technological innovations to reduce unwanted expenditure, enhance performance, optimise assets and ultimately seal the competitive edge.
Mr Sowerby concluded: 'While we are not expecting a complete culture change towards unreserved capital investment in 2011, we believe that with increased confidence in the market businesses will be looking carefully at spending to save, and investing in high-quality, specifically designed fleet management systems to improve operational efficiencies and achieve long-term return on investment.'