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Acquisition and Lifecycle of Vehicles - Coggle Diagram
Acquisition and Lifecycle of Vehicles
Planning & Budgeting
First stage of the vehicle lifecycle
Requires a thorough evaluation of what the organization needs from the vehicle acquired
Involves allocation of budget for acquisition
Involves scheduling of exact acquisition timeleines
Factors that may affect acquisition decision:
Corporate culture
Funding availability
Organizational image
Selection & Acquisition
Selection of Vehicle
Defining of Vehicle Specification
Acquisition of Vehicle
Placing vehicles in services
Purchased buses have to be registered with LTA
Certificate of Entitlement (COE)
Insurance
Vehicle marked for safety or License plate displayed
Vehicle Modification Approval
Operation & Maintenance
Road Safety
Driver behavior
Accident rate
Maintenance Management
Fleet failure trend
Adherence to fleet maintenance plan
Fleet Management
Track vehicle location
Driver's log
Vehicle utilization
Fuel Management
Fuel consumption and cost
Monitoring fuel pricing trend
Decommission & Remarketing
Depends on
Current condition of the vehicle
Mileage operated by vehicle
Age of vehicle
Environment targets
'Whole-life' cost of owning vehicle