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Fleet Advantage has added predictive Lifecycle Management Software (LMS) to its ATLAAS platform (Advanced Truck Lifecycle Administrative Analytics Software). Fleet Advantage says this addition helps clients to predict the optimum replacement cycles and operational cost savings on aging trucks.
The software platform is used to manage fleet information with data analytics and visualizations to manage a fleet on one platform, without the need for a support team of analysts or data scientists, the company says. Fleet Advantage says the software notifies fleets months in advance of when an individual truck or group of trucks will reach their tipping point, the point at which a truck reaches economic obsolescence, and costs more to operate than to replace with newer equipment.
This new enhancement helps Fleet Advantage identify, predict and forecast each truck’s tipping point by selecting future dates to analyze any number of criteria, including truck make, model and type; as well as utilization characteristics such as usage location and fuel metrics, the company says.