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Webcast

How to Use Benchmarks to Judge Shop Overhead

April 24, 2006

Webcast - How to Use Benchmarks to Judge Shop Overhead
Original Broadcast Date: April 26, 2006
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Wasted maintenance dollars are low-hanging fruit that, if picked up, can improve shop operation costs. But unless equipment managers know what they’re looking for, that can’t happen. They need benchmarks. Construction Equipment, together with the Construction Financial Managers Association, conducted exclusive research to establish those benchmarks for shop overhead.

We’ll give you insight into the numbers, perspective on their meaning, and specific ways to use benchmarks in your own shops.

Rod Sutton, editor in chief, will lead the discussion on shop overhead. Joining him will be Mike Vorster of Virginia Tech, who teaches the Construction Equipment Institute and writes “Equipment Executive”; and Preston Ingalls of TBR Strategies, a consultant specializing in improving maintenance reliability. You’ll hear:

Presentation of the Construction Equipment benchmarks
Strategies and best practices from firms in construction as well as other industry sectors
Ideas on how to track costs in your company
Strategies on how to use benchmarking to not only improve maintenance costs, but also to boost overall company profitability

Presenting:

Mike Vorster is the David H. Burrows Professor of Construction Engineering at Virginia Tech, where he has taught in the Vecellio Construction Engineering and Management Program since 1986.

Prior to coming to Virginia Tech, Mike worked in industry and academia in South and Central Africa. In industry, he was directly involved in the field construction of heavy Civil Engineering projects at various levels of responsibility from 1965 to 1975. In academia, he was Assistant Director of the Graduate School of Business and, later, Chairman of the Department of Civil Engineering at The University of Cape Town.

His teaching and research interests focus on construction equipment, contract administration, and contract dispute resolution. He is a consultant to various companies in these areas. He is the academic advisor to the Association of Construction Equipment Managers, for whom he has presented a number of seminars and short courses focusing on the management aspects of construction equipment. He is a contributing editor to Construction Equipment, where he publishes a monthly article for equipment executives.

He holds a B.S. in civil engineering and an MBA from the University of Cape Town, and a Ph.D. in Engineering from the University of Stellenbosch. Mike is a member of the National Academy of Construction and the Virginia Tech Academy of Teaching Excellence. He is the recipient of the South African Institution of Civil Engineers Basil Reid Gold Medal for contributions to construction;, the Virginia Tech Alumni Award for Excellence in Teaching; and the State Council of Higher Education for Virginia, outstanding Faculty Award.

Preston Ingalls is the President and CEO of TBR-Strategies.

Preston is an experienced maintenance and reliability consultant. Over the last33 years, he has analyzed, designed and implemented numerous organizational improvement projects and change efforts for companies such as Shell, Lever Brothers, Lockheed, Mobil Chemical, Chesebrough-Ponds, Bayer, Monsanto, Pillsbury, Corning, and Texas Instruments. In the last five years, Preston has worked exclusively with construction companies and oil and gas producers.

In 2003 and 2004, he led maintenance improvement (Total Process Reliability) efforts across seven countries for Shell Exploration and Production. During his career, he held the positions of millwright, manufacturing engineer, engineering manager, director of training, and internal change agent and human resources manager. Early in his career, he led several maintenance departments by serving as maintenance engineer, maintenance supervisor and maintenance manager. In addition to implementing Total Productive Maintenance (TPM) and Total Process Reliability (TPR) in more than 220 operations, he has served as a technical advisor for total quality management, statistical process control, workflow improvement, set-up time reduction, and other world-class improvement efforts.

As a professional trainer, he has conducted over 160 public seminars and 375 in-house seminars as well as numerous training courses for senior executives, managers, supervisors, and hourly personnel in 10 countries ranging from Europe to Asia to the Middle East. He is a certified facilitator/instructor for Balanced Scorecard Strategic Planning and has also served as adjunct faculty at the University of Virginia and North Carolina State University as well has published numerous articles in various trade publications and has authored numerous training manuals for maintenance.

He holds an AAS degree in Manufacturing Engineering, a B.S. degree in Engineering Operations, and a Master’s degree in Organizational Development.

If you have a maintenance improvement question, please email Preston Ingalls

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