What Is Tyre Asset Management?
Posted by admin on March 12th, 2010Analytics are a big deal, in every business enterprise. From Information Technology, to the Hospitality and Food Service Industries, everyone has a service that will track numbers for you.
The tyre industry has been monitoring fleet tyres for ages, and construction tires and OTR tyres are under extraordinary examination, due to the huge, inherent costs in operations. While accumulating data is a great beginning, it will not as if by magic fix all of your troubles: For instance, just because you became cognizant that the spouse is running up $1000.00 in charge card bills each month, does not mean that it will stop her from doing so in the prospective future.
You have to do something about it, now. There must be an action plan within range, so that the issue stops occurring. That is the shortfall of many a tyre management system these days: It can tell you that you are losing money, and which tires are dying in an untimely manner, but it has absolutely no clue as to why this is taking place.
At the end of the day, you will be looking at a vast spreadsheet, with no way to make sense of the issues that extend before you. That is why you don’t merely need tire management. You need Tyre Asset Management. What’s the difference? Tyre Asset Management is where someone inspects the tyres in your warehouse or operation as an investment, rather than a speedily depreciating stockpile of inventory.
After all, the typical mine has an investment of over $2,000,000 in inventory. If that amount was in cold, hard cash, wouldn’t someone demand a return on their investment, even at the minimum interest rate? Well, someone who is involved with Tire Asset Management does the same thing as a knowledgeable broker: He gives you the uttermost ROI on the dollars you have invested.
How? By studying your operating conditions, to see if they have been optimized for your tire, or if they are detrimental. He checks to make sure the tire is running at the proper cost per hour, rather than looking at the overall price you paid for the tyre. The practices of your service 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 cash you recover from your tyres.
Getting a strong ROI is not difficult, if you know what to look for. So, if you have all the data points, have none at all, 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 .