Decisiv has developed a Days Out of Service impact calculator fleets can use to measure the cost of downtime to their operations.
Users can input a small amount of general information about their operations to determine how much it costs their business every time a truck sits idle. The calculator then provides a detailed analysis of possible improvement from using Decisiv's service relationship management platform.
"Fleets can use the new Decisiv DOS Impact Calculator to accurately measure the impact that Days Out of Service for service and repair events has on revenue and net profit, not to mention the potential impacts on customer and driver retention," said Dick Hyatt, president of Decisiv. "With our SRM solution, DOS is minimized by integrating communications, collaboration and content across the entire trucking service and repair ecosystem of fleets, service providers and manufacturers."
Decisiv has published a white paper that examines the importance of measuring asset utilization. A survey of fleet operators found that a 25% reduction in days out of service would provide an additional $1,123 in revenue per tractor. The average fleet responding to the survey found it produce an additional $1.35 million in revenue if it could reduce days out of service by 25%.
