The Importance of Life-Cycle Cost Analysis in Fleet

Every fleet organisation today needs to be able to efficiently and accurately manage life-cycle, capital planning, procurement and disposal of assets. Many fleets today struggle with life-cycle cost analysis due to a lack of useful information or non-integrated management systems.

Tracking asset or vehicle life-cycles in spreadsheets or similar documents can result in inaccurate or inconsistent data. This bad data negatively affects your fleet in many ways– including your bottom line!

Backed by user feedback and over 30 years in the fleet management software industry, AssetWorks developed an integrated asset management solution to support the everyday tasks and goals today’s asset managers face. AssetWorks’ Capital Asset Management (CAM) application is a comprehensive asset life-cycle-based management software solution designed to help asset managers find ways to minimize capital expenditures and operating expenses by maximizing the useful life of an asset.

According to an article by Microlise Transport Conference, a recent CAM project involving large UK/European operators resulted in the removal of approximately 50 spreadsheets and two databases from their operating environments.

CAM is comprised of four primary modules: Analytics; Planning and Budgeting; Procurement; and Remarketing. Each of these modules handles specific aspects of effective asset management and life-cycle cost analysis.

AssetWorks Fleet Operations Specialist Nick Bridle will speak on capital asset management and the need for accurate life-cycle cost analysis at the Utility Fleet Forum on September 27, 2017 at 11:05 am.

To learn more about AssetWorks CAM, follow this link or fill out the form below. 


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