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.

Registration is open for the next Institute, April 16-18, 2019, in Chicago.

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You have heard what people say: If you want to know how something works, just follow the money. Equipment management is no different, and it is useful to trace the flow of funds through an organization in order to understand and communicate how things work. This is the first of two articles that…
A construction company is an exciting place to work. Every day is different, and change seems to be the only constant. All this excitement, change, and turbulence comes about because construction companies continuously bid for, build, and complete unique projects: discrete well-defined pieces of…
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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…

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…

Complicated software problems often occur where workflows require one system to “talk” to another so that they can exchange data or perform different parts of the same workflow.

Most of us have been challenged by the interface between our maintenance management software (MMS) and our…

Sometimes we are so tied up with complicated, difficult problems that we overlook the solid fundamentals that make things work. The fleet numbering system is one of those fundamentals. Individual units in your fleet vary tremendously in terms of form, function, size, weight, productive capacity…

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