Is Your Parts Department Evolving Through Sensor-Based Maintenance?

When:  Sep 17, 2020 from 14:00 to 15:00 (ET)

Fleet management’s primary goal in managing parts inventory is cost-effectively having the correct part, in the correct place, at the correct time. Whether managed centrally or at individual locations, fleet part departments will often base inventory breadth or depth on operational characteristics, such as perishable/time sensitive loads, remote locations, excess equipment and ease of substitution.

Inventory management systems, strategies and tactics become more complex as both fleet size, diversity and parts inventory value grows. Ideally, a part should always be in stock, but this is not always economically realistic. That’s why smart fleet managers establish objectives to manage part inventories effectively, depending on their primary desired outcomes such as:

• reducing capital/manpower employed,

• improving shop efficiency,

• decreasing parts related downtime, and;

• ensuring “same day” parts availability.

However, traditional parts management strategies may be called into question with the advent of new telematics and sensor-based maintenance reporting technologies. If a fleet’s vehicles are able to self-report and/or self-diagnose failures before they arise, how is that impacting parts management — especially if repairs are being made more frequently outside the fleet’s own service network between regularly scheduled service intervals?

Fleet managers ask yourselves:

• Have your inventory stocking levels changed because of new telematics reporting?

• How do sensor-based alerts affect inventory levels and is your fleet turning to more of a just-in-time parts delivery model?

• How has the recent Covid-19 pandemic affected your operation’s ability to secure needed parts?

• Have inventory turns changed?

Attend this session and learn from our expert panel what are the new and emerging trends in parts management for smart tractors and trailers.

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