Warranty management is the practice of tracking, validating, and claiming warranty coverage for fleet vehicle parts and services.
Why Warranty Management Matters in Fleet Management
- Cost Savings – Ensures repairs are covered by warranty when applicable. Leveraging warranties can significantly reduce overall maintenance expenses.
- Accountability – Keeps vendors responsible for faulty parts. Maintaining records encourages prompt resolutions and higher-quality service from suppliers.
- Efficiency – Avoids unnecessary repair costs. Streamlined warranty processes reduce time spent on claim disputes and paperwork.
- Data Accuracy – Tracks warranty expiration dates. Accurate records help prevent missed claims and ensure timely repairs.
- Optimized Planning – Helps plan maintenance in accordance with warranty terms. Scheduling work within warranty periods maximizes coverage and utilization of resources.
A fleet manager tracks warranty coverage on engines. When an engine issue occurs within coverage, they file a claim—saving thousands in repair costs.Example in Practice