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Acquisition and Lifecycle of Vehicles - Coggle Diagram
Acquisition and Lifecycle of Vehicles
Planning and budgeting (1)
Requires a thorough evaluation of what the organization needs from the vehicle acquired
Involves scheduling of exact acquisition timelines
Involves allocation of budget for acquisition
Corporate culture
Funding availability
Organizational Image
Decommission & remarketing (5)
Advantages
Lower cost
No capital expenditure made to replace it
Disadvantages
High maintenance cost
Outed technology = higher fuel consumption
Lower driver moral
Negative to the organization image
Selection and Acquisition (2)
Defining of Vehicle Specification
Selection of Vehicle
Acquisition of Vehicle
Cost
Fixed
Taxes
Purchase, loan or lease payment
Insurance/registration
License and permits
Depreciation
Variable
Maintenance
Labour
License and permits
Spare parts
Tolls
Purchase / Lease
Evaluation Matrics
Cost-Benefit Analysis
Payback Period
Internal Rate of Return (IRR)
Return-on-Investment
(ROI)
Net Present Value (NPV)
Placing Vehicles in services (3)
Vehicle Modification Approval
Before placing vehicle in service
Vehicle marked for safety/ License plate displayed
Insurance
Certificate of Entitlement
(COE)
Operation & Maintenance (4)
Fleet Management
Road Safety
Fuel Management
Maintenance Management