Construction Equipment Executive Institute

Learn the fundamentals of fleet management from our collection of articles and videos. The best in asset management for the construction equipment professional.

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Fluid contamination causes millions of dollars in unnecessary repair expense each year. It slowly attacks components as fluids flow through the various systems invisible to operators and maintenance personnel. It is one of the leading causes of unscheduled downtime and can result in a loss of…
The availability of equipment technicians continues to decline, rapidly intensifying the need to address recruitment, advancement, and retention of mechanically talented men and women to fill the void. Many journeyman technicians with decades of knowledge and experience are contemplating retirement…
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Everyone agrees that downtime costs money in terms of lost productivity, impacts on other operations, and the cost of returning the machine to work. There is, however, little agreement on how to quantify the impacts and include them in the equipment cost calculation. It is a controversial…

Last month, we introduced lifecycle cost as a subject that many people talk about but few people really understand. We devoted Part I to two things: the calculation of the hourly operating cost for an example…

Many people and organizations talk about “minimum life cycle cost per hour” or “minimum hourly cost of ownership.” Few know exactly what they are talking about, and few, if any, provide the tools needed to implement the concept and understand how cost per hour varies over the life of the machine…

Life is often not as difficult as it seems, and it is a good idea to ratchet back on complexity, keep things simple, and stick to what is important.

The input/process/output diagram above helps us do exactly that, and it can improve the way we measure and manage maintenance effectiveness…

The Financial Accounting Standards Board (FASB) has issued a new standard on accounting for leases (ASU 2016-02), and these will need to be fully implemented by public companies in 2019 and by private companies in 2020. Certain aspects of the implementation and transition methodology is…

We constantly wrestle with the replacement decision. Sometimes it is relatively easy, and we know we have made the right call. Most days, however, we go home and wonder if it would not have been better to keep the old unit a little longer.

The replacement decision is complicated because…

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