Phillips Connect Offers Advanced ROI Analysis Tool for Selecting Smart-Trailer Sensors
Newport Beach, CA – (Trailer Technician) – Phillips Connect unveils ROIAssist™— a highly advanced and un-biased tool for accurately projecting cost savings and revenue impacts that come with various smart-trailer sensors.
The big fleets have learned that taking advantage of smart-trailer technologies (above and beyond basic trailer tracking) has a fast pay-back, and a major long-term positive impact on their bottom line. But upgrading specs and retrofitting old trailers is expensive. ROIAssist provides our customers with a trusted and accurate cost forecasting tool for selling this investment to top management.
Developed by Jessica Smith, director of business intelligence & analytics at Phillips Connect, ROIAssist pulls from decades of fleet management experience to provide realistic and accurate expectations for an investment in smart trailers.
According to Jim Epler, general manager of Phillips Connect “Several times, we’ve had customers that request a sensor made by a specific supplier, but after plugging in their actual numbers, we find that the ROI is very low or even negative We’ll be the first to tell them it won’t save money! However, Phillips Connect ROI results regularly produce hundreds of millions in expected savings and revenue with the potential for greater than $1B for the largest, most aggressive fleets.”
“We go so much further than standard inputs for ROI, like number of trailers or replacement cycles. We look at value generated with every sensor by themselves, as well as total system efficiency gains that fleets can expect,” explained Smith. “We also compare ROI impacts from multiple suppliers of one type of sensor (for example, TPMS) and let fleets know which suppliers’ products will have the greatest impact for their business based on install time, useful life, product cost, and others.”
Please contact jsmith@phillips-connect.com to inquire about having ROIAssist started for your operation.
About Phillips Connect
Phillips Connect takes telematics light-years beyond basic GPS tracking by combining the industry’s most advanced connected asset solutions for trailers, chassis, and containers with a variety of sensors, including DoorCheck™, TempCheck™, and CargoCheck™, along with health-monitoring sensors TPMSCheck™, ATIS RegulatorCheck™, BrakeCheck™, Light-OutCheck™, Wheel-EndCheck™, Remote PreCheck™ and more to real-time GPS tracking. These telematics solutions give fleet managers the information they need to turn their assets faster and maximize driver productivity.
Phillips Connect has developed industry IoT sensor connection technology that is being widely deployed in the commercial transportation industry. These open system platforms consolidate smart components onto one central hub, using one data plan to deliver actionable alerts to the driver, and customizable fleet management dashboards to the fleet’s operations or dispatch teams. The products are designed to improve overall safety and security, reduce costs in fleet maintenance and dramatically enhance fleet asset utilization. Phillips Connect is a stand-alone company within the Phillips Technologies Group portfolio of companies. Visit www.phillips-connect.com for more information.
About Phillips Industries
Since 1928, Phillips Industries has been recognized as a leading innovator and manufacturer of advanced electrical and air brake system components and electronic solutions for communicating vehicle data to fleets and their drivers for the commercial truck and trailer industry. Phillips’ products are standard on nearly 100% of Class 8 trucks, more than 50% of all trailers manufactured in North America and are available for purchase at virtually all premium distributors. Phillips has manufacturing and distribution facilities in the US, Canada, Mexico, China, and Europe. Phillips maintains active membership in key industry associations, including American Trucking Association, SAE, Truck Trailer Manufacturers Association, Heavy Duty Manufacturing Association, and various state trucking associations. Their manufacturing facilities have earned the top-quality accreditations, including ISO/IATF 16949 and ISAO 14001, as well as multiple prestigious customer awards from Daimler, NAPA, and many others. Visit www.phillipsind.com for more information.