Business Intelligence Tools Monitoring & Analyzing M&R Data Keep Fleet Managers In Check

Business Intelligence Tools Monitoring & Analyzing M&R Data Keep Fleet Managers In Check

Sponsored by Fleet Advantage

Over the last twelve to twenty-four months, it seems as though topics such as autonomous driving and ELD mandates have flooded the news headlines for the fleet transportation industry. And deservedly so, these are no doubt topical, important issues. However, in running your fleet day-to-day, understanding the evolution of maintenance and repair (M&R) issues and costs continue to be on top of the level of importance.

M&R is critical because it significantly impacts every type of operation and having improper management of M&R can drastically erode profits from the bottom line, and the older the truck, the costlier it gets. It is also the most volatile cost.

According to a recent report on lifecycle strategy, M&R costs on a 2015 sleeper model-year total $14,472, compared with $2,184 on a new, 2020 model-year truck, providing a savings of $12,288. Across a fleet of 100 tractors, this amounts to $1.2M! 

A shorter lifecycle produces long-term savings beyond the first-year. When fleets adopt a three-year lifecycle for their trucks compared to a seven-year lifecycle, replacing with new technology in year four, they realize a savings of $42,830 in M&R calculated in years four through seven when compared to a fleet driving the same truck for the full seven years.

More Trucks Equal More M&R Challenges

More fleet managers are realizing these numbers, and they’re now placing a higher emphasis on M&R strategies. According to a recent survey, 40% of respondents listed M&R as their top motivating factor for acquiring new trucks. However, the survey shows that costs are not the only concern fleets have regarding maintenance; 26.7% also believe a safe, well-maintained truck is most beneficial in driver recruitment and retention – critical since the driver shortage remains a difficult issue for many transportation companies.

This issue will only grow in the coming years, as fleets look to either replace trucks or add to their mix to handle more demand for the economy. With the demand for shipping and transporting goods remaining healthy, and more trucks coming online, how can software and data analytics help fleets better manage M&R activities and spend?

Innovative Asset Management Analytics Focus On M&R Data

Today’s leading Asset Management software enables private fleets and for-hire carriers to leverage intuitive dashboards instead of complicated spreadsheets and allows users to create their own custom view with information most pertinent to their operation: vehicle performance and utilization, fuel economy, M&R data, exception and non-reporting units, and replacement vehicle savings, along with finance costs – providing a holistic picture of the total cost of operating the fleet.

What M&R Data Should Be Viewed?

When implementing an asset management platform to focus on M&R, the following data sets should be available from raw data:

  • M&R Cost by VMRS codes and description
  • M&R Cost by VMRS by subcategory
  • M&R Cost by invoice average
  • M&R CPM by location and model year
  • M&R Cost by cab configuration
  • Total M&R Cost by OEM and Model Year
  • Maintenance servicing history per truck should also be accessible
  • Preventative maintenance measures; brakes; expendable items; exhaust systems; fuel systems; and etc.

Easily monitoring these trends and managing these metrics will help to make more efficient, cost saving decisions and ultimately reduce your total cost of ownership. 

Additionally, heavy-duty trucks must be well-maintained throughout the year and be prepared for all weather patterns. It’s important to take every precaution necessary, particularly with M&R to ensure the safety of drivers operating the trucks as well as other motorists on the roads. As such, it would be wise for fleets and for-hire carriers to pay particularly close attention to the latest software innovations that leverage fleet performance 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 significantly help the bottom line as well.

This article was sponsored by Fleet Advantage. For more information, please visit our website at www.fleetadvantage.com

You May Also Like

Improve your aftertreatment diagnostics today

DPF Regens Performing regens, whether passive or forced, is necessary as they help to remove the soot buildup, prevent filter blockage, and increase the longevity of the DPF. By removing the accumulated soot, regens can help create a well-maintained DPF that lasts longer and avoids the hefty costs of replacing it. Passive Regens A passive

DPF Regens

Performing regens, whether passive or forced, is necessary as they help to remove the soot buildup, prevent filter blockage, and increase the longevity of the DPF. By removing the accumulated soot, regens can help create a well-maintained DPF that lasts longer and avoids the hefty costs of replacing it.

What your heavy-duty truck filters could be telling you

Understanding filtration can help you avoid larger maintenance down the road.

WIX-logo
Find Parts Fast with the Spicer ReadyShaft™ Dana EZ-ID™ Tool 

When it comes to commercial fleet vehicles, Dana knows there’s no time for downtime. For fleet managers and service techs, every second counts when a vehicle is down with a broken driveshaft. With over twelve thousand part numbers within the Spicer® product portfolio, we recognized the need to find a better way for our customers

How to measure and set truck air spring ride heights

Ensuring your truck’s air spring ride height is accurately set is crucial for maintaining optimal performance, longevity, and safety on the road.

Conti-air-spring-ride-height
Diesel engine filtration’s critical role in efficiency, protection

From enhanced engine fluids to innovative filtration systems, technology is driving efficiency and reducing emissions in today’s diesel-powered fleets.

WIX-logo

Other Posts

Raising expectations: Three ways tractor lift axles boost efficiency, savings

There is value that goes beyond decreased tire wear when spec’ing lift axles Lift axles aren’t the first axle option that comes to mind for long-haul, over-the-road applications. But fleet managers would be wise to reconsider their go-to spec when looking to boost fuel efficiency and equipment operation savings. Sure, there’s the obvious benefit of

Nine Lives on the Road: How Sensor Technology Provides Commercial Drivers a Second Chance

There are two types of people in the world: those who are determined to be the first to embrace emerging trends and those who wait for the craze to prove its worth before pouncing on it. When safety technology was first introduced to modern vehicles, the dealers and manufacturers of the commercial industry proved to

Six tips for proper load distribution and tire maintenance

As your truck tires cover mile after mile, it’s important for them to operate efficiently and productively within spec.

How air quality impacts diesel engine air filtration

Just as you feel it when you breathe in air with a poor air quality index, your engine also feels it. 

WIX-logo