{"id":2651,"date":"2021-01-27T10:19:13","date_gmt":"2021-01-27T10:19:13","guid":{"rendered":"https:\/\/www.chevinfleet.com\/en-au\/?p=2651"},"modified":"2021-04-29T13:55:50","modified_gmt":"2021-04-29T12:55:50","slug":"strong-parts-management-key-controlling-maintenance-costs","status":"publish","type":"training","link":"https:\/\/www.chevinfleet.com\/en-au\/learning-zone\/strong-parts-management-key-controlling-maintenance-costs\/","title":{"rendered":"Improve inventory management with software"},"content":{"rendered":"<section  class=\"content-section animated fadeInUp\" >\n    <div class=\"container container--small  user-content fadeInUp__1\">\n        <h3><strong>Streamlined software can have a very positive impact when it comes to controlling parts expenditure.<\/strong><\/h3>\n<p>Here&#8217;s how software can help improve inventory\u00a0management processes&#8230;<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-7970 size-full\" src=\"https:\/\/www.chevinfleet.com\/wp-content\/uploads\/2016\/11\/using.jpg\" alt=\"\" width=\"1285\" height=\"857\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>It\u2019s well-known that parts costs account for a substantial portion of fleets\u2019 maintenance and repair expenses, with operations often spending large amounts of time managing parts and other items (such as tires, batteries, lubricants and fluids).<\/p>\n<blockquote><p><span style=\"color: #e6283c;\">\u201cThe transportation industry most likely has much higher repair costs because it operates a greater percentage of heavy trucks and specialized heavy equipment, which is much more costly to repair, in terms of parts and labor, than conventional vehicles,\u201d according to\u00a0<a style=\"color: #e6283c;\" href=\"http:\/\/www.automotive-fleet.com\/channel\/safety-accident-management\/article\/story\/2001\/03\/service-transportation-industries-have-highest-average-accident-repair-expenses.aspx\">Automotive Fleet<\/a>.<\/span><\/p><\/blockquote>\n<p>But a streamlined management practice can help improve inventory management and your parts expenditure &#8211; providing a measurable, positive impact on your fleet\u2019s bottom line.<\/p>\n<p>That&#8217;s where <a href=\"https:\/\/www.chevinfleet.com\/au\/solutions\/fleet-inventory-management-software\/\">fleet inventory management software<\/a> comes in. When it comes to improving your parts management processes, a fleet &amp; asset management software system can be of great benefit, helping you:<\/p>\n<ul>\n<li><i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>Improve visibility<\/li>\n<li>Become more organised<\/li>\n<li>Make more informed operational decisions<\/li>\n<\/ul>\n<p>Here are some top outcomes it could help you achieve:<\/p>\n<p><strong>Lower parts costs:<\/strong><\/p>\n<p>Fleet management software can be used yo\u00a0streamline inventory through effective stocking and purchasing practices &#8211; to help actively reduce your costs.<\/p>\n<p>Using Chevin\u00a0fleet management software, inventory levels can be monitored and adjusted based on parts use and upcoming needs. Parts can be seamlessly integrated from repair orders, and purchase orders can be automatically issued to preferred vendors when parts levels drop to a pre-determined quantity. This can help drive automated inventory replenishment and minimize manual administration.<\/p>\n<p><strong>More recovered costs:<\/strong><\/p>\n<p>It\u2019s easy to know when an item on a new vehicle is covered by warranty \u2026 but tracking aftermarket parts coverage is a challenge for many fleets in a variety of industry segments.<\/p>\n<p>And not claiming warranty on replacement parts is like leaving money on the table.<\/p>\n<p>Fleet management software can often begin tracking warranty once a replacement part is installed in your vehicle \u2013 and can create alerts if a covered item is noted to have failed within the warranty period. These systems can also initiate automated claims processes with manufacturers, and alert technicians of deadlines required to return any failed covered item.<\/p>\n<p><strong>Reduced fleet financial (and other business processes) costs:<\/strong><\/p>\n<p>Manual, paper-based parts inventory systems are unproductive and ineffective. Instead, fleets can improve visibility over their purchases by integrating fleet management software with financial and other applications, including external parts suppliers\u2019 systems.<\/p>\n<p>A system that is integrated in this way help ensure data accuracy. By automating parts ordering processes, such a system can also reduce demands on administrative, financial and other personnel &#8211; helping\u00a0cut\u00a0costs and staffing requirements.<\/p>\n<p><strong>Streamlined maintenance, technician productivity and repair activities:<\/strong><\/p>\n<p>Labour costs for technicians add up quickly when a part is out of stock or not easily-located. If you don\u2019t stock the right inventory for a fleet\u2019s vehicles based on upcoming scheduled maintenance, seasonal or other planned campaigns, you may\u00a0experience\u00a0decreased productivity and increased downtime.<\/p>\n<p>But software-based inventory control and management programs can provide you with more efficient purchasing practices that maintain correct stocking levels, eliminate obsolete and uncommon parts and high-cost emergency parts orders, and prevent overstock situations.<\/p>\n<p>When inventory management software is in place, the absence of\u00a0poor inventory management\u00a0practices will reflect in a rise of your fleet\u2019s shop and technician productivity, boosting asset utilisation by returning vehicles to service faster.<\/p>\n<p><strong>Better visibility, understanding and utilisation:<\/strong><\/p>\n<p>It\u2019s beneficial to\u00a0understand\u00a0which parts work best in an operation, for more informed future choices, extended effective service life and reduced downtime. (After all, focusing only on the price of a part does not account for its full impact on bottom line costs.)<\/p>\n<p>Asset and fleet\u00a0management services\u00a0can be used to help identify repetitive part failures or low-performing parts. It can be used to perform comparative analyses between manufacturers and parts and build a more in-depth picture of component longevity data and cost histories on parts for each vehicle in a fleet.<\/p>\n<p>That information can help you develop budgets for parts expenditures and make more informed and effective purchasing decisions.<\/p>\n<p><strong>Adding it all up<\/strong><\/p>\n<p>Cost savings can be realized when a parts management system is an integral part of your fleet maintenance management solution.<\/p>\n<p>In short, systems for efficiently managing parts inventory are an important element of asset utilisation. They are incredibly\u00a0useful in\u00a0helping\u00a0enable\u00a0more effective strategies for reducing both vehicle downtime and unnecessary expenditure.<\/p>\n\n    <\/div>\n<\/section>\n\n\n<section  class=\"content-section \">\n    \n    <div class=\"container container--small u-text-center animated fadeInUp\">\n        \n                            <h3 class=\"fadeInUp__1\"><b>You may also be interested in<\/b><\/h3>\n                                <\/div>\n\n    \n    <div class=\"container container--no-pad fadeInUp__2\">\n        <div class=\"post-type-wrapper\" data-behaviour=\"featured-slider\">\n                            <a class=\"post-type unstyled post-type--transform \" href=\"https:\/\/www.chevinfleet.com\/en-au\/learning-zone\/fleet-management-best-practices\/\">\n    <div class=\"post-type__image\">\n                    <img decoding=\"async\" src=\"https:\/\/chevin-assets.s3.eu-west-1.amazonaws.com\/wp-content\/uploads\/sites\/4\/2021\/01\/27105016\/004-440x400.jpg\">\n            <\/div>\n    <div class=\"post-type__content\">\n                <p class=\"post-type__name\"><strong>8 fleet management best practices<\/strong><\/p>\n                <p class=\"post-type__more\">Read more<\/p>\n    <\/div>\n<\/a>\n                            <a class=\"post-type unstyled post-type--transform \" href=\"https:\/\/www.chevinfleet.com\/en-au\/learning-zone\/managing-your-inventory\/\">\n    <div class=\"post-type__image\">\n                    <img decoding=\"async\" src=\"https:\/\/chevin-assets.s3.eu-west-1.amazonaws.com\/wp-content\/uploads\/sites\/4\/2021\/01\/26102651\/Managing-Inventory_LR-440x440.jpg\">\n            <\/div>\n    <div class=\"post-type__content\">\n                <p class=\"post-type__name\"><strong>Managing Your Inventory<\/strong><\/p>\n                <p class=\"post-type__more\">Read more<\/p>\n    <\/div>\n<\/a>\n                            <a class=\"post-type unstyled post-type--transform \" href=\"https:\/\/www.chevinfleet.com\/en-au\/learning-zone\/parts-inventory-best-management\/\">\n    <div class=\"post-type__image\">\n                    <img decoding=\"async\" src=\"https:\/\/chevin-assets.s3.eu-west-1.amazonaws.com\/wp-content\/uploads\/sites\/4\/2021\/01\/26152714\/inventory-manager-440x400.jpg\">\n            <\/div>\n    <div class=\"post-type__content\">\n                <p class=\"post-type__name\"><strong>Parts inventory management best practices<\/strong><\/p>\n                <p class=\"post-type__more\">Read more<\/p>\n    <\/div>\n<\/a>\n                    <\/div>\n    <\/div>\n<\/section>\n<section class=\"c-hr hr content-section u-show-mobile\">\n<div class=\"container\">\n    <hr>\n<\/div>\n\n<\/section>\n\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":2653,"menu_order":0,"template":"","training-cats":[34],"class_list":["post-2651","training","type-training","status-publish","has-post-thumbnail","hentry","training-cats-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.3 (Yoast SEO v26.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Improve Inventory Management with Software | Chevin<\/title>\n<meta name=\"description\" content=\"Improve inventory management processes using software and learn how to control parts expenditure and save money. 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