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E321 MINDMAP - Coggle Diagram
E321 MINDMAP
Lifecycles of vehicle
Planning & Budgeting
Selection & Acquisition
Placing vehicle in service
Operation & Maintenance
Decommission & Remarketing
Other factors might affect the acquisition decisions:
Corporate culture
Funding availability
Organizational image
etc.
Before placing vehicle in service
Vehicle Modification Approval
Certificate of Entitlement (COE)
Insurance
Vehicle marked for safety / License plate displayed
Selection & Acquisition
Defining of Vehicle Specification
Selection of Vehicle
Acquisition of Vehicle
ISO 55000: Asset Management
Fleet lifecycle management can also be affiliated to Asset Management.
• International Standard for Asset Management • Helps to organisations effectively manage their assets to optimize their lifetime value.
Benefits of adopting ISO 55000
Improve Financial Reporting
Significant Cost Saving
Improved regulatory compliance
Increased resilience and system reliability
An enhanced reputation
Life Cycle Cost
Fixed
Taxes
Purchase,loan or lease payment
Insurance / registration
License and permits
Depreciation
Variable
Fuel
Maintenance
Labour
Spare parts
Tolls
Types of Leasing Arrangement
Open-ended lease
Closed-ended lease