Do you really have the right tools in your fleet management toolbox?
March 8, 2017
Kevin Price, Director, Product Management & Strategy, Infor EAM
In the past twenty years, I have seen enterprise asset management (EAM) systems deployed in nearly every industry, vertical, and micro-vertical that you can think of—deployed into every region of this world and into every situation from the most basic of reactive processes to the most advanced condition-based and predictive environments. Organizations opt to deploy EAM tools because they want to protect their investment in the assets that literally make, or break, their business—assets that deliver, produce, and/or transport that good or service for a given business.
Not only is it paramount that these assets run when they are supposed to, but that they run safely, efficiently, and in the most cost-effective manner possible—to obtain as excessive a Return On Assets (ROA) as possible.
Yes, you have a fleet
In the world of fleet management, this idea cannot ring more true. Nearly every organization has a fleet of some kind: manufacturers who have their own fleet to deliver their goods from one point of the supply chain to the next, retailers who ship products, service providers who need to get the right person to the right job at the right time, maritime providers shipping content overseas, public safety officers using vehicles to serve and protect, airlines doing what they can to ready a flight, or transportation and transit providers who are trying to provide a safe and on-time travel experience. And all of this happens with a shrinking budget, with diminishing operational knowledge, and with very few crystal balls to predict when that particular mode of transportation will fail or need to be refurbished, recommissioned, or replaced. This is where world-class asset management comes into play.
A modern fleet management system needs to incorporate elements of each method of the asset management processes (reactive, preventive, proactive, predictive, condition-based), it needs to do so under the correct compliance and regulation standards (DOT, ATA, FRA, PHMSA) by certified technicians (CAFM, CAFS, NAFA), with the correct data points (work history, recall/warranty history, OEM detail, condition data elements, fuel usage history), and more.
Most critical, a modern system must also be available at the point of use, capturing the data as it occurs and providing quantified and qualified data points into the troubleshooting process (to react to the unplanned), into the operation process (in predicting failures and scheduled down time), and ultimately into future budgeting cycles (when planning to retire or purchase fleet). All of this is paramount to reaching organizational goals of revenue, safety, and consumer recognition.
Does your fleet management solution have the right EAM tools to reach your goals? Take a deep look into the core of what your fleet is doing for your business and the decisions you have to make for that fleet every day; are those in line? If not, there is opportunity to improve.
Learn more about Infor EAM for fleet management.
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