Paul Woodward Timmins - Things You Should Know About Fleet Management Metrics to Boost Profitability

Fleet Management refers to managing and caring for every company's vehicle fleet. It is particularly popular and important in businesses and organizations, which rely heavily on transportation, especially for self-employment for daily tasks. Almost all companies use basic services such as vehicle financing or funding, insurance and maintenance, along with the fleet, in addition to the characteristics of driver and management such as speed and fuel management can be added to ensure the safety and customization of the vehicle's economy. Or additional services can also be found. Typically, the basic work of fleet management is specific vehicle tracking through which the immediate location of every car or truck in the fleet is known.

Things You Should Know About Fleet Management Metrics

Preventive Maintenance (PM) Currency: Are you certain that your assets (trucks, trailers, APUs, reefers, etc.) are current with their preventive maintenance schedule? Has it been automatically captured or dependent on manual data entry? Remember, high preventive maintenance currency is one of the best ways to keep your trucks on the road.

Breakdowns Between PMs: Track this data to better understand the effectiveness of your preventive maintenance program. When PMS is done correctly, the truck should not return to the shop for a mechanical failure until its next scheduled prime minister inspection. Keeping an eye on what is the reason for trucks to break between PAM, your own inspection process, the effectiveness of technicians and how your internal shop and external service providers are performing.

Downtime: Measuring Downtime or Days Out of Service (DOS) is a good barometer of the effectiveness of your fleet maintenance and repair practices. For internal shops and external service providers, see both wrench time and non-wrench time. Our experience shows that you will feel the biggest uptime benefit by reducing the non-wrench time portion of the repair. See also downtime in your providers (internal and external) by property providers, due to repair and VMR-coded operations. Not all service events are created equal, but VMRS-coded events give you a great benchmarking tool.

Fleet Management Metrics You Should Track to Boost Profitability

Asset utilization:  While 100 percent asset use is not realistic because your trucks need to get out of service for periodic maintenance, this does not mean that you should try for a higher asset usage rate. When measuring asset usage does not make a difference in security stocks and fare, which fills zero when the asset is low due to an undetermined service incident. We have also worked with TMC so that the new VMRS code can be prepared to track the rent, depending on whether the option (failure of full service lease property), capacity truck.

CSA Violations and Fines: Do you know how many violations and penalty maintenance of your CSA are in Basic? If your security department is not sharing the CSA report with you, ask them to see them clearly highlight the weaknesses in your maintenance efforts, especially if your trucks are being quoted for the same problems. It also gives you insight into the effect of your DVIR and PM.

Paul Woodward Timmins is a successful businessman who provides the help in fleet management, rebuilding and bucket manufacturing in Ontario.

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