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commercial vehicle maintenance costs

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3 ways to reduce commercial vehicle maintenance costs

Why is commercial vehicle maintenance important for logistics? The logistics industry hinges on commercial vehicles to efficiently transport goods. Regardless of the size of the fleet, commercial vehicles need to ensure a safe and timely delivery for better productivity and cost reduction with regard to everyday operations. Maintenance issues in commercial vehicles might lead to downtime and even pose a threat to the safety of drivers during a mechanical failure. Moreover commercial vehicle maintenance costs are increasing and cause a greater financial burden. In a decade where logistics is seen as one of the most important sectors with the rise of demand for products all over the world, shipping companies, fleet managers and truck drivers compete with each other to escalate their service to meet customer satisfaction. Therefore, the need for commercial vehicle preventive maintenance cannot be ignored as it enables a seamless delivery of goods when the vehicle is in a perfect condition. What affects commercial vehicle maintenance costs? Commercial vehicles need frequent replacement of certain mechanical or electrical spare parts as these vehicles travel for long distances on rugged roads and involve multiple trips in a shorter span of time. Failing to replace the required parts results in higher commercial vehicle maintenance costs as the vehicles gradually stop functioning and also depreciate in value.  Therefore, scheduled preventive maintenance is crucial for commercial vehicles as it includes maintaining engine health, brake system, electrical components and similar parts in order to optimize vehicle  performance.  3 ways to reduce commercial vehicle maintenance costs How preventive maintenance software can help you save money? According to a study, commercial vehicle predictive maintenance is highly cost effective, saving roughly 8% to 12% over preventive maintenance, and up to 40% over reactive maintenance (Source: WebinarCare). The benefits of using a preventive maintenance software is significant, however, only a minority of fleets use their telematics solution to track idling (37%), harsh braking (33%), maintenance (32%) and fuel usage (30%), all important factors in safety and cost savings (Source: Teletrac Navman).  Let’s Wrap Up! Commercial vehicle preventive maintenance is an important part of fleet management as it ensures that the vehicles are in working condition for a seamless shipment delivery process. There are several reasons why trucks encounter maintenance issues including harsh braking, idling, prolonged replacement of spare parts and other similar issues. However, commercial vehicle maintenance costs can be reduced by tracking depreciation, training drivers and testing technology in order to reduce the vehicle downtime and lower the maintenance costs. Axlerate is a unified logistics management platform to unify all fleet-related operations and expenses. Our solutions help to simplify tolls, fuel purchases, fleet expenses, loans, insurance, escrow, payments, truck booking, fleet management and the buying and selling of logistics products and services.

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The benefits of preventive maintenance for commercial vehicles

Why is preventive maintenance for commercial vehicles important? Businesses and individuals across the globe rely heavily on the logistics industry for the movement of goods and this requires either a single truck or a fleet of commercial vehicles. Therefore, commercial vehicle preventive maintenance is of prime importance. Any vehicle maintenance issues can be a stumbling block in the transport of goods to its destination. Commercial vehicle maintenance costs are on the rise  and have a negative impact on the revenue. According to a survey, companies spend $860 on average every year on vehicle maintenance (Source: G2 Tech Marketplace). On the other hand, a survey reveals that vehicle failure issues had dropped from 61% to 57% through preventive maintenance tracking (Source: Webinar Care).  What is included in a preventive maintenance checklist? A scheduled preventive maintenance checklist helps to enhance operational efficiency  and reduce commercial vehicle maintenance costs. Fleet preventive maintenance usually involves engine health monitoring, checking the brake system, electrical components, high and low beam lights, tyre conditions, exhaust functioning, oil inspection, steering system and other important components that might lead to mechanical issues and higher maintenance costs. How to schedule preventive maintenance for commercial vehicles? The logistics industry is known for its enormous amount of paperwork involved in the transportation process. Usually, preventive maintenance is scheduled on a pen and paper basis where fleet managers or truck drivers manually check off the list at regular intervals. The use of spreadsheets are also quite common and can be used to monitor and analyze the preventive maintenance tracking history. Digital forms have also been made available to schedule preventive maintenance for commercial vehicles. However, fleet preventive maintenance software is the most effective and ideal solution to schedule maintenance and keep track of reports to identify potential issues in real-time and resolve them at the earliest. The benefits of using technology for preventive maintenance The integration of technology for commercial vehicle preventive maintenance, helps to gain complete visibility into vehicle operations and helps to automate tedious record keeping tasks. Telematics technology helps to reduce vehicle downtime, improve fuel efficiency and enhance driver safety to a greater extent as it provides vehicle diagnosis and updates in real-time. Moreover, it is used widely for preventive maintenance tracking to detect maintenance issues with greater predictability and accuracy. Integration of fleet telematics with fleet management software can analyze data in order to detect patterns in maintenance issues and help to efficiently schedule maintenance to increase vehicle uptime and lifespan. Interestingly, a study states that companies save over $100 every year on vehicle maintenance with coupons and deals found with the help of fleet management software (Source: G2 Tech Marketplace). Let’s Wrap Up! Commercial vehicles require frequent maintenance checks in order to ensure a seamless movement of goods without any mechanical issues that lead to delay and high maintenance costs. Preventive maintenance tracking helps to reduce vehicle downtime, improve fuel efficiency and enhance driver safety. Fleet preventive maintenance can be scheduled manually or digitally. However, the integration of technology for commercial vehicles will be the ideal solution for efficient maintenance checks. Telematics technology and fleet management software can be used for commercial vehicle preventive maintenance. Axlerate is a unified logistics management platform to unify all fleet-related operations and expenses. Our solutions help to simplify tolls, fuel purchases, fleet expenses, loans, insurance, escrow, payments, truck booking, fleet management and the buying and selling of logistics products and services.

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