The American Trucking Associations’ Technology & Maintenance Council, in partnership with Decisiv, announced they will produce a new benchmarking tool designed to track key performance indicators for commercial vehicle parts and labor.
The report will be based on the TMC’s vehicle maintenance reporting standards (VMRS), and will track parts and labor expenditures and trends throughout North America. Those results will be sorted by geographic location and dozens of VMRS-coded vehicle systems.
TMC 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 Decisiv’s service relationship management platform.
“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,” said Mark Wasilko, Decisiv’s vice president of marketing, in a press release. “We believe it will provide critical insights that will be of immediate benefit to both fleets and service providers alike.”
Decisiv collects data 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. Summaries are compiled from more than 275,000 monthly service maintenance and repair events conducted across nearly 5,000 service locations.