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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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 "…
In my interactions with fleet managers around minimum life-to-date costs and the sweet-spot curve (see “Sweet Spot Revisited”), two valid questions often arise: “How do I explain the concept, and how do I…
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