Decisiv, Inc. has announced that VMRS Group Level parts and labor cost reports will be presented monthly in the recently expanded Decisiv Marketplace.
Decisiv’s VMRS Group Level reporting incorporates data on maintenance and repairs at dealer service centers and fleet shops across North America. It represents the first time that VMRS service cost reporting is available based on actual, transaction-level service data, the company says.
VMRS (Vehicle Maintenance Reporting Standards), developed in 1970 by the American Trucking Associations, provides a standardized coding convention for uniform identification of commercial asset labor and parts costs.
“VMRS Group Level parts and labor cost information benefits fleets and dealers with insights to help commercial vehicle service operations become more efficient,” said Dick Hyatt, president and chief executive officer of Decisiv. “We are in the unique position of being able to provide this expanded range of service cost reporting based on real time capture of data on roughly 270,000 monthly service events. This level of objective, accurate cost reporting has not previously been available to the industry. Our quantified parts and labor detail sets a higher standard for both the currency and accuracy of data. In turn, that facilitates analyses and benchmarking for better decision-making.”
In the Decisiv Marketplace, VMRS costs are classified and reported on in seven group levels, including:
- Cab and control devices
- Chassis
- Drivetrain
- Electrical
- Engines
- Bodies and vessels
- Bulk product transfer
