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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We are very good at collecting data when the transaction in question has a dollar sign attached to it. Every transaction on your credit card is recorded in detail and processed almost instantaneously because it is a commercial transaction. Transactions that do not have dollar signs attached to…
Equipment management is a complex and difficult task that affects almost every aspect of a company’s operations. The skills required vary from the master mechanic to the finance specialist, and organization structures depend more on the personalities involved than careful planning and…
Accurate equipment cost hinges on the answers to two different questions: What does it cost to bring the machine into your fleet and keep it there, and what does it cost to put it to work? To answer the first, you must know and understand owning costs. To answer the second, you must know and…
A work order coding system exists not simply because the computerized maintenance management software (CMMS) has a field to be filled in. It exists to provide information required to run your business. Before you design and develop it, you absolutely must decide on your key performance…
Managers often take owning costs for granted. Most costs are largely fixed upon closing the deal, and it seems relatively easy to estimate the monthly owning costs likely throughout the anticipated life of a machine. There appear to be few uncertainties in the calculation, and the major risk is…
Last month, we introduced the total cost diagram as a simple, easy-to-use graphic to define age zones based on the time in the life of a machine when the average cost per hour, life to date, reaches a minimum. (See "…
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