7APRIL 2021PLM team members take a consultative approach to analyze their customer's fleet through consumption-based models. "Using their fleet analytics, we design a program that meets their needs and makes optimal use of the asset. PLM uses data-driven solutions to analyze our customers' fleet data against our benchmarked data of 12,000 assets," says Shipp. "Comparing fleet data allows us to recommend industry best practices and use predictive analytics from maintenance and telematics data to best understand when the right time is to service and replace parts." PLM can identify areas of cost savings and productivity by comparing your data against industry standards for managed replacement, operational savings, and leasing benefits analyzed through these models:· Optimal Cost Analysis· Lease vs. Ownership Analysis· Disposition· On-Site Maintenance· ColdLink® Telematics· Electric Standby "PLM's customized fleet plan includes full-service on-site maintenance plans, the largest refrigerated rental fleet to manage peak season and emergency needs, build times and full visibility and traceability of your fleet through the MyPLM portal."For instance, a customer wanted to evaluate its fleet's optimal lifecycle based on usage, maintenance spend, lease payments, and warranties. By analyzing historic maintenance events on the customer's fleet and benchmarking it against PLM's fleet of over 12,000 assets, they were able to determine the Transport Refrigeration Unit (TRU) cost per hour based on the age and consumption of the trailer. An optimal replacement window was calculated to ensure the most efficient replacement cycle. Through this analysis, the customer would cycle through their fleet and avoid the first round of major repairs, reducing downtime and keeping their fleet optimized. PLM identified potential savings of over 12% of the current cost when the plan is fully implemented. For the days to come, PLM continues to focus on the challenges that their customers face. With ever-changing industry regulations, it is becoming more apparent that customers need to track their products in the supply chain. PLM has introduced PLM TrustLinkTM, a complete, connected end-to-end solution, that gives visibility of your product throughout the entire ecosystem for traceability, transparency, and trust. Additionally, PLM offers an alternative energy solution in transportation by introducing a zero-emission TRU to meet the needs of our growing customers' focus on clean technology and reducing their carbon footprint. PLM is an approved dealer of the California Clean Air Off-Road Equipment program and has worked with lease customers to reserve almost $6 million of vouchers to bring zero-emission TRUs into California fleet operations. "PLM continues to strive to put our customers' needs first," Shipp added. "We will be expanding our footprint of rental locations very soon to increase our customer reach." ITO
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