How can you save costs by reducing lead times?

On the road from new vehicle delivery to used vehicle remarketing, there are many gateways where unnecessary downtime can occur. On average, this means parking costs of around 20 pounds per day per vehicle. By digitising existing processes, you gain an overview of the entire vehicle handling process and optimise communication between all parties involved.

Reducing lead time is one of the most effective ways to save costs in any industry, including the vehicle handling process. Here are some ways to reduce downtime and save costs:

1. Digitise processes: Digitising processes enables you to monitor the entire vehicle handling process, including delivery, maintenance, repairs, and remarketing, and identify areas where delays occur. This allows you to take proactive measures to avoid or minimise downtime and optimise the utilisation of resources.
2. Optimise communication: Effective communication between all parties involved in the vehicle handling process is crucial to minimising By using a digital platform like the Fleet Monitor, you can ensure that everyone is on the same page and that delays are communicated promptly.
3. Monitor service levels: By monitoring individual service levels, you can identify potential delays before they occur and take proactive measures to avoid them. This can include scheduling preventive maintenance and reallocating resources.
4. Provide automatic responses: With the Fleet Monitor, you can set up automatic responses to potential delays or issues. For example, if a vehicle is delayed in transit, the system can automatically reallocate ressources to minimise
5. Optimise process management: By using a system-based process management approach, you can optimise the entire vehicle handling process, from delivery to remarketing. This includes streamlining processes, reducing waste, and optimising resource utilisation.

With the Fleet Monitor, individual service levels can be monitored and proactive automatic responses can be provided in the event of any delays. Optimise the profitability of your business through digital and system-based process management!