LCCM

WFMA uses the Life Cycle Cost Management (LCCM) approach, which includes tracking and assessing repair and maintenance costs, fuel usage, and residual value, in order to provide the best possible fleet information and recommendations to its customers. WFMA uses LCCM to make decisions on vehicle and equipment replacement in order to prioritize its purchases and ensure the optimal management of the fleet customers' fleet

There are a variety of benefits to using life cycle cost management, all of which translate into a cost savings and improved satisfaction for customers:

• Facilitates the creation of an integrated fleet management system that can provide reliable and valid data in all areas of the Agency’s operations;
• Ensures all vehicles and equipment are replaced at the appropriate point in time so as to optimize maintenance cost, reduce vehicle downtime and receive the best resale value;
• Allows for fully accountable operations and transparent financial statements;
• Ability to monitor Agency progress through performance management and bottom-line financial results;
• Permits the Agency to provide expert advice to customers on fleet management, including recommending optimal vehicle and equipment configurations and fleet improvements consistent with market developments;
• Allows the Agency to provide information and offer suggestions to customers on how to best rationalize their fleet size, mix, usage and costs so that customers can manage their fleet effectively.

For more information please contact: