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Acquisition & Lifecycle of Vehicle - Coggle Diagram
Acquisition & Lifecycle of Vehicle
Life Cycle
Planning & Budget
1st Stage
Require Through Evaluation of organization needs
Involves
Scheduling of exact acquisition timelines
Allocation of Budget
Factors
Corporate Culture
Funding Availability
Organization Image
Placing Vehicle In-service
Before
Vehicle Modification Approval
Certificate of Entitlement (COE)
Insurance
Vehicle marked for safety / License plate display
Operation & Maintenance
Fuel Management
Fuel Consumption & cost
Monitoring fuel pricing trend
Road safety
Driver Behavior
Accident rate
Maintenance Management
Fleet failure trend
Adherence to fleet maintenance plan
Fleet Management
Tracking Vehicle location
Driver's log
Vehicle utilization
Decommission & Remarking
Decision to decommission
Current condition of vehicle
Mileage operated by vehicle to date
Vehicle's Age
"Whole-life" cost of owning the vehicle
Environment target
Method of disposal
Retailing
Employee sales
Trade=ins
Auctions
Public tender
Transfer to another entity
Controlled/specialized disposal
Advantage
Lower fixed cost
No capital expenditure made to replace it
Disadvantage
Higher Maintenance Cost
Outdated technology -> Higher fuel consumption
Lower driver morale
-ve organization image
Selection & Acquisition
Defining Vehicle Specification
Engage maintenance team & driver to understand...
Requirement/Features expected in the future buses
Technical performance of different models of busses current in operation/trials
Research new technology available market
Identify regulation requirements
2nd Stage
Selection
Compare & Evaluate
Technical performance of bus
Lifecycle cost of bus models
Information obtained exiting models in operation/trials
Acquisition
"Value for Money"
Viability
Feasibility
Sustainability
Comparing options
Purchasing
Leasing
Open-ended lease
Closed-ended lease (Predictable Outcome)
Factors
Length of time used
Monthly Cash flow budgeted for usage of vehicle
Specific contract/ used for other projects
Upfront cost of vehicle acquisition
Administrative task
Size of fleet acquiring
Risk Profile & culture in company
Lifecycle cost
Fixed
Taxes
Purchase, Loan/lease payment
Insurance/registation
License & permits
Depreciation
Variable
Fuel
Maintenance
Labour
Spare parts
Tolls
ISO 55000: Asset Management
ISO 55000
International Standard Asset Management
Help organized effectively manage assets to optimize lifetime value
Benefits
Improve Financial Reporting
Increase Resilience & system reliability
Significant Cost Saving
Enhanced Reputation
Improved regulatory compliance
3 set of standards
ISO 55000
Overview, principles & terminology
ISO 55001
Asset Management Requirement
ISO 55002
Implementation& application guide
Technologies for fleet asset tracking
Example
Radio-Frequency Identification (RFID) tags
Contain Electronically stored information
Sensors
Wireless modules for devices
Data Management System