fleet life cycles which includes fleet selection and acquisition pdf Friday, April 30, 2021 4:49:53 AM

Fleet Life Cycles Which Includes Fleet Selection And Acquisition Pdf

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From lifecycle cost analysis to driver safety, these products examine core competencies of fleet management as well as subjects of particular interest in a wide variety of formats. Available Publications Asset Management Guide e-Download This guide covers Asset Management responsibilities such as vehicle selection, procurement, commissioning, disposal, remarketing and decommissioning.

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Fleet Advantage committed to providing differentiating value to customers through continuously maintaining the highest level of seasoned executives in the marketplace. CIO celebrates organizations and their IT teams for driving digital business growth through tech innovation. Webinar is designed for financial professionals who are tasked with asset procurement for their organizations.

Griffin to serve on the Technology and Equipment Finance Sector panel addressing emerging technology impacting finance and leasing of equipment today. The Fleet Advantage Safety Committee includes tenured transportation professionals with specific experience to advise fleet managers on various safety-related topics.

Fleet Advantage is launching a new business development initiative with finance partners looking to add value to clients in the transportation sector.

The online survey was presented to more than private and transportation fleet executives and managers. Holland is a respected leader in the equipment finance industry and his experience and business acumen will greatly benefit the ELFA Board and its membership.

Fleet Advantage recognizes the importance of supporting organizations that play a vital role in the well-being of local communities. Through donations and community programs, the service helps change perspectives and enrich lives of thousands of people and families in the South Florida community.

Since , Arc Broward has worked hand-in-hand with our community, changing how people with developmental disabilities and life challenges are embraced and included. This critical work ensures that people with disabilities, not only live, learn, work, and play in their communities, but more importantly, thrive.

For more information visit www. Kids Around the Corner was founded in by Fleet Advantage to support the needs of the communities where their employees and clients live and work. Fleet Advantage guarantees the absolute lowest cost of operation by providing truck and trailer financing with matching proprietary data driven IT processes and fleet analytics, using the latest equipment technology to achieve optimum vehicle productivity and maximum safety.

Fleet Advantage is ranked as one of the fastest-growing privately held companies in the state of Florida and the fastest growing independent truck lessor in the U. COVID placed a significant burden on trucking and transportation, which rose to the occasion in a great time of need.

Private and For-hire transportation fleets were tasked with pivoting from long-standing business strategies to scale their operations to transport critical needs from health and medical supplies to grocery and related essentials.

The company salutes the transport sector and especially its logistics management and its drivers for its strength and reliability in such an unanticipated and turbulent crisis. These companies demonstrated their commitment, agility, and perseverance. Many fleets adapted by using truck rentals and leasing.

Fleet Advantage customers were well equipped because they operate the newest and most technologically advanced trucks in the country with an average fleet age of 2. By utilizing shorter equipment life cycles, they experience less equipment downtime and greater overall reliability and efficiency. Shorter life cycles allow organizations to provide drivers with newer, safer, more emissions-friendly trucks.

By including the newest safety technology, accident frequency and personal injuries are reduced, thus lowering costs even more. Shortly after the COVID lockdowns in April, Fleet Advantage introduced its Sale-Leaseback program , which provided flexibility to right-size any fleet operations as well as receive an immediate influx of cash.

Fleet Advantage then included the sole option to transition into newer, safer equipment at any future date and at a fixed monthly payment. Fleet Advantage is also a proponent to give back to those in need. The analysis illustrates a significant cost-savings opportunity for organizations that switch to a shorter life cycle leasing procurement strategy. It is evident by the cash flow in this Lease vs Ownership Analysis that there is an after-tax advantage to leasing tractor equipment.

All of this provides greater bottom-line savings while remaining competitively positioned in the industry. This is the seventh straight year that Fleet Advantage has been included in the list. In almost every industry, the transport of goods has been disrupted significantly by COVID, with great financial impact on the bottom line for millions of companies. Like many organizations, food and beverage companies were adversely affected by the pandemic.

Even though the demand for loads increased, shipping rates dropped, placing further financial strain on these organizations. Fleet Advantage helped numerous companies downsize their fleets if they had a surplus of trucks through its pioneering Sale-Leaseback program.

The program allows organizations to select the assets from their fleet that are older models, which are inefficient and unreliable, and Fleet Advantage will purchase those assets and lease them back to the fleet for an interim period until they can transition to new equipment when ready.

So, to these winners and others in the industry working to make a difference, thank you! Its diverse portfolio serves the construction, logistics, supply chain and other industries with print, digital and custom products, events, and social media.

Each year, The Salvation Army and Walmart collaborate to provide gifts for children in need around the country. Recognizing that every child deserves to feel the joy of Christmas, The Salvation Army Angel Tree program provides new clothing and toys to more than one-million children and families in need each year. Through the Kids Around The Corner donation, The Angel Tree Program of Fort Lauderdale was able to fulfill the remaining gift requests of kids in need that have not been fulfilled from their local Walmart angel tree, and also the request of about 74 additional children whose names did not make it on the tree due to last minute submissions.

The Salvation Army and Walmart have collaborated to meet human needs for more than 40 years and are partnering to Rescue Christmas in with Angel Trees at Walmart stores across the nation. Once a child is accepted as an Angel, donors can shop for their Christmas wish list.

Once the gifts are received, The Salvation Army will distribute them to families in need for Christmas morning. With support from both the public and private sectors, last fiscal year, Women In Distress provided more than 29, safe emergency shelter nights to survivors, and included food, clothing, safety planning, counseling and therapy, pet assistance and shelter. According to Women in Distress, in the State of Florida, Broward County has one of the largest numbers of domestic violence offenses.

Access to safe shelter and confidential supportive services are essential for survivors to begin the process of healing. When survivors of domestic violence are no longer safe in their own home, they turn to Women In Distress for safety. Funding will support innovative supportive services designed to meet the growing and changing need for services in the local community, including shelter; advocacy and support; therapy; family services; legal services; economic empowerment; crisis intervention; child welfare services; and financial assistance.

If you or someone you know is in an abusive relationship, please call the Women In Distress Hour Crisis Line at or visit www. A vaccine produced by Moderna is also expected to secure approval soon. With the first of the vaccines now formally approved, shipments have begun and Pfizer plans to distribute about 25 million doses in the U.

Thirty-three percent also stated that they are looking into possible custom specifications for their equipment to handle special vaccine transport. Even before the availability of a vaccine, a growing number of fleet executives were realizing the need to upgrade into newer trucks for better reliability and cost savings.

The trucking industry realizes the critically sensitive nature in hauling the vaccine and is proud to serve its role in such an important period in our history. This is the second year that Fleet Advantage received this award. The Green Supply Chain Award recognizes companies making green or sustainability a core part of their supply chain strategy and are working to achieve measurable sustainability goals within their own operations and supply chains.

The award also recognizes providers of supply chain solutions and services assisting their customers in achieving measurable sustainability goals.

The transportation sector of the supply chain increasingly relies on new technologies to do more with less, improve efficiencies, and cut costs out of their operations. Fleet Advantage strives to help supply chain organizations with private fleets leverage data analytics, asset management and flexible financing to identify and act upon vehicle obsolescence and sustainably, drive down costs and increase productivity.

Fleet Advantage also promotes sustainability through optimizing vehicle specification to be more fuel efficient, and to align with the duty cycle as well as geographical locale. Visit us on the web at www. Wiedmeyer has over ten years of experience in the transportation industry, specializing in mechanical and operational fleet management. Wiedmeyer previously worked in third-party maintenance where he oversaw five locations for a major grocer.

Wiedmeyer is versed in managing maintenance budgets while reducing unnecessary and obsolete parts inventory for clients. He currently works with customers to help develop the best possible practices suited for their maintenance program and individual locations utilizing analytics resources such as ATLAAS Advanced Truck Lifecycle Administrative Analytics Software.

Vehicle Maintenance Reporting Standards VMRS are the industry standard coding convention for tracking equipment and maintenance information and costs. VMRS concepts have been around for more than 40 years, but industry wide adoption has been slow.

With the advancement of technology and access to data, VMRS has quickly gained more traction over the last few years and is now a key focus for many in the trucking industry. He is responsible for providing tailored lifecycle asset management and financing solutions for Class 8 tractors and trailers. Al is an expert on fleet purchasing and life cycle management and I believe his knowledge will be incredibly valuable for all dealer attendees.

Trucks, Parts, Service is the only media entity in the trucking industry that caters exclusively to dealer and independent aftermarket professionals. With a focus on business solutions, technical information and the latest new equipment and product information, TPS informs its readers on how to strengthen their partnerships with customers and keep their companies thriving in an increasingly challenging marketplace. Truck lease syndication through Fleet Advantage is important because the company has exclusive program agreements with the top U.

During , companies required innovative financing programs to maintain cash flow while remaining competitively positioned for the future. We have enabled these customers to expand quickly in spite of pricing, credit line and underwriting challenges.

We are encouraged with our success and creating a foundation for future growth for customers and our funding partners. Fleet Advantage offers both capital and operating leases, each of which reduce CAP EX and have no economic residual risk. The company also offers the most competitive lease rates on the market and provisions that enable lease flexibility unmatched by any competitor.

According to FreightWaves, the companies and technologies nominated for the FreightTech award are hand-picked by peer group CEOs, industry leaders and investors who work around artificial intelligence, business analytics, blockchain and more. Fleet Advantage was nominated and accepted for its innovative Sale-Leaseback program , which was designed to infuse cash and flexibility into organizations with transportation fleets for immediate aid and relief in the COVID pandemic.

The program allows companies to adapt quickly and efficiently to changing business needs, providing relief today while positioning fleets competitively for tomorrow through newer trucks with advanced safety technologies.

FreightWaves received over nominations and narrowed the recipients down to companies. The panel includes industry executives, academics, and investors, all of whom will rank their top 25 companies in the FreightTech , comprising the FreightTech 25 receiving special recognition. Fleet Advantage will purchase a set number of existing truck equipment assets and lease them back to clients until they transition into newer, safer equipment at a predetermined, fixed monthly payment.

The transaction also produces an ongoing reduction in their overall costs. Clients working with Fleet Advantage have all determined that leasing their trucks offers lower cost, greater flexibility, reduced risk and improved cash flow. Click here to see the complete results of the survey. Proper truck utilization data is critical today to help fleets make accurate, real-time decisions on their trucks, utilization patterns and maintenance and replacement schedules.

Director, Marketing and Business Development. Food distribution and manufacturing companies are leveraging big data and how it affects everything from their operational strategies, logistics, procurement, truck maintenance practices and more.

Fleet managers are not only directed to increase efficiencies and save money, but they must also monitor and comply with growing regulatory mandates such as the Food Safety Modernization Act and Hours of Service Rules, while still meeting increasing customer expectations. While food distributors can operate hundreds of vehicles, they may lack the tools and resources needed to properly monitor and analyze the volume of data they receive to make critical decisions that affect the bottom line.

James Griffin is a seasoned IT executive with over 25 years of experience in technology and information systems. He is responsible for building technology-driven engineering and professional service support teams that address both internal and client-centric goals.

He is a proven leader, innovator and technology visionary widely respected for his thought leadership and recognized with multi-industry awards and U. The IFDA Distribution Solutions Conference is an annual event created to educate those in the food distribution space on the latest intelligence tools to meet the challenges of today including warehouse operations, transportation, talent development and compliance.

IFDA is the premier trade association for the foodservice distribution industry.

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Most sport and recreation facilities in Western Australia are built or refurbished with funding from the department. An important part of the funding process is to make sure the community can bear the true cost of running and maintaining a facility well into the future. These Life Cycle Cost Guidelines provides facility owners, architects and engineers with the tools they need to develop life cycle cost reports that will be used by the department as it considers publicly owned or funded facilities. The guidelines mean analysis and reporting can be standardised to ensure a timely and accurate technical review of your facility or project. The Department of Sport and Recreation is committed to pursuing the most desirable project outcomes that reduce the cost to the sport and recreation industry and the broader community. Life cycle costing is a key asset management tool that takes into account the whole of life implications of planning, acquiring, operating, maintaining and disposing of an asset. The process is an evaluation method that considers all ownership and management costs.


The above table also includes the number of vehicles in the District's fleet in. lifecycle approach is that future maintenance and repair costs can be vehicle, plus any acquisition costs to place it in service, minus the resale value (‚Äčnet of.


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Organized around a life cycle approach, this chapter provides guidelines and best practices that complement the mandatory direction provided in the Policy on Management of Materiel and the Directive on Fleet Management: Light Duty Vehicles. In some cases, this chapter also details procedures to be followed stemming from the application of other Treasury Board directives. This format enables directors and managers to adhere to a common set of procedures and to ensure their decision-making and management practices are consistent with the full range of best practices and guidelines relevant to the management of light-duty vehicles. Flowing from the Policy on Management of Materiel, which provides policy direction on the management of all departmental assets, and the Directive on Fleet Management: Light Duty Vehicles, which provides direction related to the management of light-duty fleets, this chapter sets out guidelines and best practices for the management of light-duty vehicles. The content of this chapter and its associated directives and policy, should be read in conjunction with other policies and requirements that, although they have an impact on the management of light-duty vehicles, are outside the scope of this document.

Fleet management is the process of organizing, tracking and maintaining a vehicle fleet, using a fleet management system FMS. Because fleet management is all-encompassing, it is difficult to define.

Fleet Advantage committed to providing differentiating value to customers through continuously maintaining the highest level of seasoned executives in the marketplace. CIO celebrates organizations and their IT teams for driving digital business growth through tech innovation. Webinar is designed for financial professionals who are tasked with asset procurement for their organizations. Griffin to serve on the Technology and Equipment Finance Sector panel addressing emerging technology impacting finance and leasing of equipment today.

Fleet management is the function that oversees, coordinates and facilitates various transport and transport related activities. For the purpose of this document it will cover vehicles involved in the movement of goods; the management of light vehicle fleets used in the transportation of people and light cargo; possibly motorbikes and other equipment such as generators and warehouse handling equipment. Fleet management underpins and supports transport related activities through the management of the assets that are used. Effective fleet management aims at reducing and minimizing overall costs through maximum, cost effective utilization of resources such as vehicles, fuel, spare parts, etc. The administration and financial management of fleet is very organisational specific.

Poor reliability would greatly increase life cycle costs of the systems, and reliability based design must be carried out if the system is to achieve its desired performance. Additionally, optimal level of repair is determined to reduce life cycle costs of the fleet systems.

4 Comments

Phillipa P. 05.05.2021 at 19:47

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Nimsi P. 06.05.2021 at 07:50

recommended for fleet managers in industry as research has shown that it is a The life cycle cost can be defined as the total cost of acquisition and ownership of the optimum life, repair limit and selection of materials and.

Juliette P. 08.05.2021 at 20:24

Fleet vehicle management can include a range of functions, such as vehicle leasing and financing, vehicle maintenance, licensing and compliance, supply chain management, accident management and subrogation, vehicle telematics tracking and diagnostics , driver management, speed management, fuel management, health and safety management, and vehicle re-marketing.

Madhetabbu 09.05.2021 at 11:23

PDF | Cost prediction is commonly used when making decisions during the product development process. Life Cycle Cost Model for Considering Fleet Utilization in Early This value, in contrast to technical availability, contains Consequently, this model is selected as a point of reference in this paper.

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