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Cost options analysed
Page 25
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IT is no easy matter to determine the best method of vehicle acquisition and the optimum replacement period to suit the operations of a , particular company. Most managers of transport will have their own ideas on these subjects and it can be comforting to confirm that these ideas are on the right lines, or to be made aware of other methods which might be more advantageous.
In his book, Financial analysis of motor transport operations, Mr Peter N. C. Cooke, has provided criteria which will help such confirmation or set the manager thinking of alternatives.
In this context, he not only gives examples of cash flows resulting from alternative methods of truck acquisition but concludes that, as a general rule, the company with a high return on its capital will do well to hire its vehicles while one which does not achieve such a high rate would be well advised to purchase.
Though the book covers both private car and commercial vehicle operation, there is much of interest to the truck operator. As well as acquisition and replacement, Mr Cooke, who is involved in sales operations for Ford of Europe Inc., deals with operating costs, depreciation and residual values and examines the implications of financial analyses of company motor transport.
From CM's point of view, it is gratifying to see Commercial Motor policies and conclusions accepted and, by quotation, confirmed.
The book is published by Gower Press Ltd, PO Box 5, Epping, Essex, CM16 4BU, at £5.50.