The Achilles Heel of Tyre Management Software
March 12th, 2010Analytics are a big deal, in every business sector. From IT, to Food Service and Hospitality, everyone has a service that will track numbers for you.
The tyre industry has been monitoring fleet tires for years: mining and Off The Road tires are under grand examination, due to the heavy, inherent costs in mining operations. While pulling together data points is a massive start, it won’t magically remedy all of your problems: For instance, just because you became cognizant that the spouse is accruing $1000.00 in credit card bills each month, does not mean that it will stop her from doing so in the near future.
You must do something about it. There must be an plan of action in position, so that the issue stops presenting itself. That is the shortfall of numerous tyre management systems these days: They can tell you that you are losing money, and which tyres are dying in an untimely manner, but they have positively no idea as to why this is taking place.
At the end of the day, you will be looking at a enormous spreadsheet, with no way to make sense of the issues that extend before you. That is why you don’t merely need tyre management. You need Tire Asset Management. What’s the difference? tire Asset Management is where someone inspects the tires in your storage warehouse or operation as an investment, instead of a quickly depreciatory stockpile of inventory.
After all, the stereotypical mine has an investiture of over $2,000,000 in inventory. If that amount was in cold, hard, cash, wouldn’t someone demand a return of investment, even at the minimum interest rate? Well, someone who is involved with tire Asset Management does the same thing as an veteran broker: He gives you the uttermost ROI on the cash you have invested.
How? By analyzing your operating conditions, to see if they have been optimized for your tire, or if they are detrimental. He looks to make sure the tyre is running at the proper cost per hour, rather than looking at the gross cost paid for the tire. The practises of your maintenance crew are tweaked, and your employees are trained in the proper procedures to make sure that work is done safely and efficiently.
Those are just a few ways that appropriate tire asset management can increase the amount of francs you recover from your tires.
Realizing a strong ROI is not hard, if you know what to look for. So, if you have all the information, have none whatsoever, or are simply curious about how a strong, tire Asset Management program can help you, please call OTR tire Supply at +877-426-1090, or visit our website at http://www.otrtiresupply.com .















