Jane Clark examines how fleet owners can get better control over their total cost of ownership.
When it comes to the total cost of ownership of your vehicles, there are certain things you can’t control and others that you can. Jane Clark, Vice President of Member Services for NationaLease, reveals what those are in her latest blog, “Maintenance’s Role in Reducing TCO” on the IdeaXchange.in FleetOwner.
First, she offers a list of factors you should use when calculating your TCO, including the cost of the equipment, cost of fuel, road tolls, and licensing fees. Fleet owners have no control over these costs…they are at the mercy of the marketplace. However, when it comes to maintenance, making a concerted effort to do the right things can really make a difference.
Jane cites the American Transportation Research Institute’s An Analysis of the Operational Costs of Trucking 2015 Update which estimates that repair and maintenance costs for 2014 represented 15.8 cents per mile of the vehicle-based costs. Unplanned downtime adds to that cost, so preventing that is very important.
It really boils down to a rigorous and consistent preventive maintenance program.
Read Jane’s blog to see the steps you should be taking to implement and monitor your PM service.