How can we stock the exactly-right number of spare parts so we have them when required but still not overstock them? It’s possible to answer every one of those questions, and many more like them. By using proven, time-honored analytical tools fleet managers and engineers can make significantly better decisions and save considerable amounts of money. Invest in this two-day course for longlasting returns.

By the end of this course delegates will be able:

• Determine the economic life of an asset when its utilization is fairly constant year to year
• Arrive at the economic life of an asset where its utilization declines as it ages
• Select which approaches to use for monitoring the performance of an individual asset
• Employ a sure-fire way to calculate your spare parts requirements  Deal with the problem of inadequate data
• Establish the optimal inspection frequencies for your equipment
• Know when to buy a new asset and how to identify the best buy
• Make optimal repair-or-replace decisions
• Evaluate whether or not to take advantage of a technologically improved asset

Anyone whose job relates to the maintenance and replacement of moveable capital assets, Managers and engineers responsible for fleets of trucks, buses, automobiles, or heavy equipment will benefit, executive-level managers and financial professionals as well as hands-on career fleet directors and their subordinates, any fleet operation will profit from this program, including those from governments, Oil & Gas, mining and cartage, delivery, transportation and hauling operations

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include:

• Lectures
• Workshop & Work Presentation
• Case Studies and Practical Exercise
• Videos and General Discussions

Fleet Management

• Setting your objectives
• The "scientific” approach versus "intuition”
• Problem areas — purchasing, maintaining and replacing vehicles
• Applying discounted cash flow in capital equipment replacement analysis
• Estimating the interest rate appropriate for discounting
• present-value calculations
• the effects of inflation in the analysis
• calculating the Equivalent Annual Cost (EAC)
• Vehicle

Replacement Decisions

• The "classic” Economic Life Model
• The effect of before- and after-tax calculations
• Tracking the economic life of a particular vehicle, or a "class” of vehicles
• Determining your optimal trade-in time
• Calculating the costs of trading in a the "wrong” time
• The Repair vs. Replace decision
• Life-Cycle costing — the crux of replacement decisions
• Factoring in technological improvement
• Determining your best fleet size
• Case studies, examples from trucking, transit, motor coach, materials handling (FLT), baggage handling using

Vehicle Component Replacement

• Analyzing vehicle component failures
• Using the right equations — Weibull Analysis
• The hazard function and the composite "bathtub curve”
• "Infant mortality” of components — what it means
• Using median ranks to estimate the risk of a component failure
• Testing the Goodness-of-Fit of your curves
• Reducing the number of on-the-road failures Component Preventive Replacement
• Alternative policies explained — age versus block replacement
• Preventive replacement strategies
• Case studies, including transmissions, fuel pumps, water pumps, bearings, inspection procedures
• Maximizing fleet availability — keeping vehicles on the road
• Engine oil analysis — the use of Proportional Hazards Modeling (PHM)
• Case studies —Vehicle availability maximization (subject to ABC&D inspection schedules),

Interpreting information from a Spectroscopic Oil

• Analysis Program (SOAP)
• Optimization of condition-based maintenance procedures
• Exercises in component and capital equipment replacement analysis

Stocking Spares Fast-Moving Parts

• Bearings
• Pumps
• Filters
• Economic ordering quantity and quantity discounts

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of

the total course duration