There are many components that go into creating an effective lifecycle strategy, and, ultimately, there is no one “right” answer when it comes to managing vehicle lifecycles. Each company has to look at its own use case and financial goals to develop a strategy that makes the most sense, and key to this process is using data to take a holistic view of the vehicle. If you are reexamining how you handle lifecycle management, here are the key components to consider when deciding how to proceed.
5 Considerations When Determining a Lifecycle Strategy
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