MGMT 505 Sept 23 2011 The Situation Factors Possible Solutions Worst Case Best Case Risk Assessment Overview Southard Trucking Purchase of Faulty Equip Owner Bill Southard purchased 12 new tractors ID: 638368
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Slide1
The Fleet That Wonders
Danny R. Taylor
MGMT 505
Sept 23, 2011Slide2
The SituationFactors
Possible Solutions
Worst CaseBest CaseRisk Assessment
Overview
Slide3
Southard Trucking Purchase of Faulty Equip
Owner Bill Southard purchased 12 new tractors
Tractors, also known as Trucks or Rigs, are used to pull large trailers over the road.Equip purchased from ARC trucks, who is not accepting
any
responsibilityDrivers will not operate new tractors due to the “wandering” while running down the road.
The Situation Slide4
Tractors not in operation Payments related to new equipment
ARC
Truck made steering upgrades after Southard purchased his 12 tractors, but stick to the fact the upgrade had nothing to do with Southard’s claim of steering issues.Need to get new Tractors back on the road making money
FactorsSlide5
Seek legal action against ACE Trucks until they agree to make necessary repairs
Could cost Southard thousands in legal fees with no guarantee of a repair in the
end Seek out a repair to the steering (wandering) issue
After-market steering assist systems are available on the market; would increase initial investment, but gets tractors moving again quickly
Possible SolutionsSlide6
Southard truck Lines pushes legal action against ARC trucks
Mr. Southard decided not to add the aftermarket steering system to new tractors
Worst CaseSlide7
Mr. Southard installs Howard Power Center Steering System to new tractors
Tractors are back on the road
Best CaseSlide8
Risk Event
Likelihood
Impact
Detection Difficulty
When
Loosing More Drivers
4
4
1
Before Repairs
Tractor Accident
2
4
1
Before RepairsRepair Does Not Work141Post RepairNew Tractors Sit Longer222Anytime
Risk Assessment
Likelihood Scale
Impact Scale
Detection Difficulty Scale
1 = Highly Unlikely
1= No Impact
1= Easy Detection
2 = Unlikely
2 = Minimal Impact
2 = Average Detection
3 = Moderately Likely
3 = Average Impact
3 = Difficult Detection
4 = Highly Likely
4 = Significant Impact
4 = UndetectableSlide9
Risk Event
Response
Contingency Plan
Trigger
Point of Contact
Loosing More Drivers
Start Initative To Keep Drivers
Advertise/Look For New Drivers
Tractor Wandering
Joe
Tractor Wreck
Install Aftermarket Steering Assistance Mod
Possible Law Suit Against ARC Trucks
Tractor Wandering/Driver Fatigue
BillRepair Does Not WorkTrade Trucks In At Different DealerPossible Law Suit Against ARC TrucksTractors Still Wander After Install of ModJanNew Tractors Sit LongerLook For Fix To Wandering IssueTrade Trucks In At Different DealerDrivers Choose Old Tractors Instead of New Ones
Jill
Risk Assessment (cont.)Slide10
The SituationFactors
Possible Solutions
Worst CaseBest CaseRisk Assessment
Summary