Are your tyres costing you more than they should?

Tyres are a critical yet often overlooked component of any transport fleet. Efficient tyre management can significantly impact your bottom line, safety, and overall operations. This guide covers essential KPIs for tyre management, including cost per mile, downtime costs, tyre lifespan, and fuel efficiency. By tracking these metrics, transport companies can optimize tyre usage, reduce costs, and improve operational efficiency.

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KPIs for Tyre Management

Keeping a closer eye on your tyres can have benefits throughout the business, especially to protecting your margin. To measure the effectiveness of your tyre management strategies, monitor the following key performance indicators (KPIs):

• Cost per Mile: Track the cost of tyres per mile driven to identify areas for improvement. Most hauliers have a rough idea of their costs per mile, but are less aware of the nitty-gritty details of what is eating away at their margins. Measuring the costs of new tyre purchases against the distanced travelled on them can help you compare the cost-effectiveness of different tyre brands and models, as well as get a more accurate understanding of your running costs.
• Downtime Costs: A little more hidden than the costs per mile are the losses in productivity due to downtime. Calculating the cost of vehicle downtime due to tyre-related issues lets you justify the investment in a smarter, more data-driven way. By minimizing downtime, you can improve operational efficiency and reduce lost revenue.
• Tyre Lifespan: Getting the most out of every new tyre means eeking out efficiency all across the tyre’s lifespan. Managing arrangements, rotations, replacements, and adjustments are often left to guesswork and rules-of-thumb. By paying closer attention and tracking the average lifespan of your tyres, you can optimize their usage, reduce wasted tyres, and pinpoint vehicles or drivers with recurring tyre problems.
• Fuel Efficiency: Measure fuel consumption before and after implementing tyre management strategies to quantify the savings.  Tyres can significantly impact fuel efficiency. Monitoring fuel consumption can help assess the impact of tyre pressure, tread depth, and tyre type on overall operational costs. Improved fuel efficiency can result in substantial cost savings over time.

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Stratum's Tyre Management System: A Cost-Effective Solution

So efficient tyre management can lead to all these benefits but putting in the hours of admin work required to get the visibility you need manually doesn’t justify the savings. That’s why we developed our tyre management module to streamline and automate tyre management. Get analytics that would be impossible without a centralized, integrated system. Generate comprehensive reports for informed decision-making, without the administrative overhead.

Stratum's tyre management module offers a range of features to help you reduce tyre-related costs:

• Control inventory in one place: Minimize excess stock and avoid unnecessary purchases. By accurately tracking tyre inventory, you can avoid stockouts and excess inventory costs.
• Compare tyre performance: Tracking each individual tyre enables you to efficiently compare tyre options to make informed decisions about your purchases. Our system allows you to optimize spending by tracking and managing new stock, ensuring you stay dynamic in the market and capitalize on the best deals. All made simple with a user-friendly dashboards.
• Cost Analysis: Get actionable insights on tyre-related costs to identify opportunities for savings. By analyzing cost data, you can identify areas where you can reduce expenses, through smart tyre management. Control the cost of tyre stock by optimizing spending and longevity. See fleetwide improvements to fuel efficiency, driver safety, compliance and maintenance costs. Make smarter, informed decisions about one of your fleet's biggest expenditures.
• Integration with dispatch: Tyre data combined with with fleet and job information is a powerful thing. Get analytics that would be impossible without a centralized, integrated system. Generate comprehensive reports for informed decision-making, without the administrative overhead. See fleetwide improvements to fuel efficiency, driver safety, compliance and maintenance costs. Make smarter, informed decisions about one of your fleet's biggest expenditures.

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Don't let tyre expenses eat away at your bottom line.

Contact Stratum today or learn more about our tyre management solution and how it can help you optimize your operations and achieve long-term success.

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