The American Trucking Associations' Technology & Maintenance Council (TMC) announced Monday a partnership with Decisiv to produce a new industry benchmarking tool that will track key performance indicators for commercial vehicle parts and labor based on the TMC's widely adopted Vehicle Maintenance Reporting Standards (VMRS).
"This new partnership between TMC and Decisiv offers council fleet members a great benefit to help them benchmark their overall parts and labor costs against actual costs captured in the Decisiv SRM platform," says TMC Executive Director Robert Braswell. "We're very excited to join with Decisiv to make this important information available to our fleet members."
After being offered initially as a TMC member benefit, the council and Decisiv plan to provide this maintenance labor and parts data benchmarking report organized by VMRS System Level Coding based on fleet and service provider data from hundreds of thousands of maintenance events that take place within the Decisiv platform.
The entities say the report will track parts and labor expenditures and trends throughout North America, sorted by geographic location and dozens of VMRS-coded vehicle systems (e.g., brakes 013, tires 017, exhaust 043, etc.)
"VMRS provides the data for measuring performance and reliability of specific components, the new TMC/Decisiv benchmarking tool shows that VMRS is an important tool for reporting maintenance information," says Jack Poster, TMC's VMRS services manager. "I think that many will agree that VMRS is the proven method used when it comes to collecting maintenance data."
"We are pleased to be partnering with TMC to deliver their membership this new level of comprehensive VMRS focused service cost analysis," adds Mark Wasilko, Decisiv's vice president of marketing. "The currency of the reported information will provide a new level of accuracy in the analysis of the actual costs of maintenance and repair that has never before been available. We believe it will provide critical insights that will be of immediate benefit to both fleets and service providers alike."
The new Decisiv and TMC North American Service Event Benchmark reports are possible because of the rapidly growing amount of data being collected by Decisiv on over 13,000 daily service and repair events for the more than 7 million commercial assets being managed on Decisiv's SRM platform operating across the U.S. and Canada.
The summaries are compiled from more than 275,000 monthly service maintenance and repair events conducted across nearly 5,000 service locations, Decisiv says.
TMC fleet members will receive the report electronically via email. For more information on joining TMC, call (703) 838-1763 or CLICK HERE.