Although documentation of your operations with accurate NPV cost studies is not something that finance people normally expect from the typical fleet manager, it is a means to:
- Maximize the utilization of your limited budget.
- Increase your professionalism.
- Possibly obtain additional funding.
The author of this article will present an educational session on NPV life-cycle cost analysis on Wednesday, March 7, at The Work Truck Show 2012. The Work Truck Show is held in Indianapolis, Ind., March 6-8, 2012, with educational programming running March 5-7. If you would like to learn more about this valuable financial analysis tool, register for the Show at www.ntea.com. To order the NTEA's Vehicle Life-cycle Cost Analysis Program, (item #1226) click "Shop NTEA" at www.ntea.com.
Robert "Bob" Johnson is a former fleet manager and currently serves as director of fleet relations for the NTEA, the Association for the Work Truck Industry. He will lead a session on "Making Vehicle Investment Decisions Using Life-cycle Cost Analysis" on Wednesday, March 7, at The Work Truck Show 2012. He is also co-presenting the expanded Fleet Management Symposium on March 5-6.