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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Maintenance management continuously evolves as new technologies emerge. Equipment managers must maintain a laser focus on all aspects of their equipment management program to identify areas of opportunity, increase productivity, and decrease cost. Similarly, they must maintain constant vigil upon…
Equipment managers have commenced planning for 2021 as business activity slows and their organizations close out 2020. Most will find that the pandemic upended their organizations to significantly alter, or in some cases completely abandon, their strategic business plans. They developed and…
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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…
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…
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