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Acquisition and Lifecycle of Vehicles - Coggle Diagram
Acquisition and Lifecycle of Vehicles
Selection & Acquisition
Vehicle specification
Engage the maintenance team and drivers
Research on the new technology available in market
Identify the regulation requirements
Selection of vehicle
Compare and evaluate technical performance of the bus
Lifecycle cost
Fixed
Taxes
Purchase, loan or lease payment
Insurance/registration
License and permits
Depreciation
Variable
Fuel
Maintenance
Labour
Spare parts
Tolls
Acquisition of vehicle
Decision matrix
Ease of maintenance
Driver's comfort
Vehicle design
Purchasing
Leasing
Open-ended leasing
Close-ended leasing
Evaluation Metrics
Cost-benefit analysis
Payback period
Return-on-investment
Net Present Value
Internal Rate-of-Return
Placing vehicle in service
Certificate of Entitlement
Insurance
Vehicle marked for safety/License plate displayed
Vehicle Modification Approval
Planning & Budgeting
Business case
A thorough evaluation of what the organization needs from the vehicle acquired
Scheduling of exact acquisition timelines
Allocation of budget acquisition
Corporate culture
Funding avaliability
Organizational image
Operation & Maintenance
Fuel Management
Road Safety
Fleet Management
Maintenance Management
Decommission & Remarketing
Retailing
Employee sales
Trade-ins
Auctions
Public tender
Transfer to another entity
Controlled/specialized disposal
ISO Asset Management
ISO 55000
ISO 55001
ISO 55002
Technologies for asset tracking
Radio-Frequency Identification tags
Sensors
Wireless modules for devices
Data Management Systems
Maximo