Author: Tronserve admin
Monday 26th July 2021 09:32 PM
New M&R Software Innovations Keep Fleet Managers in Check
Over the past 12 to 24 months, it seems as though topics for instance autonomous driving and ELD mandates have overloaded the news headlines for the fleet transportation industry. And deservedly so, they are no doubt topical, interesting issues. In spite of this, in running your fleet day-to-day, understanding the evolution of maintenance and repair (M&R) issues proceeds to be right up there in level of importance.
M&R is vital merely because it significantly impacts every type of operation and having improper management of M&R can highly erode profits from the bottom line, and the older the truck, the costlier it gets.
As mentioned in the latest report on lifecycle strategy, M&R costs on a 2012 sleeper model-year total $23,100, compared with $2,070 on a new, 2019 model-year truck, offering a savings of $21,030.
A shorter lifecycle develops long-term savings beyond the first-year. When fleets embrace a three-year lifecycle for their trucks, exchanging with new technology in year four, they realize a savings of $42,830 in M&R calculated in years four through seven in comparison with a fleet driving the same truck for the full seven years.
More Trucks Equals More M&R Challenges
More fleet managers are recognizing these numbers, and they are simply now positioning a higher emphasis on M&R strategies. Based upon a recent analysis, 40 percent of respondents listed M&R as their top motivating factor for acquiring new trucks. However, the survey ensures that costs are not the only concern fleets have regarding maintenance; 26.7 percent also believe a safe, well-maintained truck is most beneficial in driver recruitment and retention – required since the driver shortage continues a tricky issue for many fleet and transportation companies.
This challenge will only grow in the coming years, as fleets look to either replace trucks or add to their mix to undertake more demand for the economy. FTR reports North American Class-8 orders for October continued to surge, registering at 43,000 that month. ACT Research’s numbers show 43,600 Class 8 trucks in October.
With the demand for shipping and transporting goods remaining healthy, and a great deal more trucks coming online in the coming months, how can innovative software and data analytics guide fleets and transportation companies better manage M&R activities?
Innovative M&R Software Resources
Today’s leading M&R software now facilitates private fleets and for-hire carriers to leverage intuitive dashboards other than complicated spreadsheets and allows users to create their own custom view with the information that interests them most: vehicle performance for fleet managers, M&R data for repair personnel, and even tailor-made financial models for the C-level.
Innovations in M&R software now permit fleets to master their complete operations, with views on everything from operational costs, M&R data, replacing vehicle savings, vehicle servicing and histories; and these software platforms are now mobile-responsive for on-the-go fleet management.
Today’s new M&R software can track costs for a fleet in every aspect of the truck’s requirements, such as expenditures that include tires, tubes, liners and valves; preventative maintenance measures; brakes; expendable items; exhaust systems; fuel systems; and much more.
Heavy-duty trucks should be well-maintained throughout the year and be well prepared for all weather patterns. It's important to take every safety measure essential, especially with M&R to ensure the safety of drivers operating the trucks as well as other motorists on the roads. Because of this, it would be prudent for fleets and for-hire carriers to pay particularly close attention to the latest software innovations that leverage fleet utilization data and analytics to track all M&R activity to help ensure each truck is operating at a premium level. This will not only ensure safety for all on the road, it will importantly help the bottom line as well.
This article is originally posted on manufacturing.net