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4 Factors that Drive up Asset Utilization

Posted in Fleet Utilization and Availability on August 14, 2015

Every fleet manager wants a high asset utilization rate. Asset utilization is an important measure of how efficiently your fleet is operating. Many factors contribute to asset utilization and changing any one of them can make a big impact.

Here are four ways to boost your fleet's asset utilization.

  1. Focus on the strategic importance of maintenance: The impacts of maintenance and repair go far beyond your maintenance department. When you view maintenance as a strategic part of your operation and not just a cost center, you're more likely to give it the attention it deserves. You can then focus on the people, technology and processes needed to ensure it runs efficiently. The end result is fewer on-the-road breakdowns, a decrease in CSA violations and fines, and higher driver satisfaction.

  1. Consistently capture service event information: By getting the right information in the same form at every maintenance and repair event, you gain a better understanding of the health of your fleet and the availability of your assets. As a result it's easier to make decisions about the load and the driver.

    Without real-time access to information you won't know the status of a repair. Not having the asset's complete service history at the point of service could result in the same repair being made multiple times without fixing the problem. This is especially true if you aren't using VMRS-coded operations, which give you the cause, complaint and correction for every operation performed on an asset.

    Unreliable or non-existent estimated time of repair data means dispatch and logistics can't effectively schedule the asset back into service. That means the asset could sit for hours or even days, significantly lowering your asset utilization.

  1. Have a handle on PM currency: Having a good preventive maintenance (PM) program is only half the equation. If you don't know whether PMs are being completed when they should be you might have assets operating well past their scheduled PM service, which could lead to costly breakdowns. You need a system that not only tracks PM compliance but also classifies missed PMs as pending operations to remind you that a scheduled PM service was missed.

  1. Take advantage of bundling services: When your assets are in for PM service or a repair, having a system that makes recalls, service campaigns and pending operations a part of that asset's service history means that you can take care of many service needs during one appointment. Without this case file you risk bringing the asset in multiple times to get various services completed. This increases Days Out of Service and contributes to driver frustration.

 

Take the Next Step

If your asset utilization numbers aren't as consistently high as you'd like, implement these four ideas. To learn more about improving your asset utilization, contact us and let us show you how.

Topics: Fleet Utilization and Availability