Executive Insight

The management of a fleet of construction equipment requires more than purchase planning. The Executive Institute offers a collection of articles written by experts in asset management. Topics are broken into five categories: equipment costs, equipment operations, fleet reliability, fleet replacement, and fleet utilization.

The best in asset management for the construction equipment professional is presented by:

Mike Vorster, C.E.M.P. Central

Craig Gramlich, CEM, Lonewolf Consulting

LonewolfConsulting_logo

Mike Brennan, CEM, CDMB Consultants

Executive Institute

Equipment Costs

Equipment Operations

Fleet Reliability

Fleet Replacement

Fleet Utilization

Equipment Costs

Komatsu wheel loader with a mechanic taking out the filter

Fleet Utilization

From Cost Center to Capital Driver: Rethinking the Equipment Department

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Understanding the Cost of Capital

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Four Steps to a Lifecycle Strategy

In single-rate systems, the risk of utilization resides in the equipment account.

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How to Choose the Right Equipment Rate Methodology

Understand that costs are a symptom of what is going on in the field and that the equipment manager's job is to be proactive and attack the causes.

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Attack the Causes of Equipment Cost

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Asset Management in an Inflationary Environment

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Where to Find the Best Equipment Cost Data

If an engine fails prematurely, root cause analysis may establish cause and effect but in most cases, there will be a time lag.

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Vorster: How Equipment Costing Differs from Job Costing

The calculations needed to quantify the replacement decision are not very complicated, but two things are absolutely necessary. Know the difference between life to date cumulative costs and marginal cost.

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How to Quantify the Replacement Decision

Equipment Operations

Volvo Construction Equipment Fleet telematics, wheel dumps into an ADT.

Fleet Utilization

A Guide to Optimizing Fleet Utilization: Idle Machines Are Killing Your Margins — Here’s How to Fix It

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Three Rituals for Success in Equipment Management

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How to Build a Training Matrix for an Equipment Shop

Capital expenditure

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How to Make a Business Case for Capex

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What the CEO Wants from You

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A Smart Approach to Continuous Improvement in Equipment Management

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A Smart Approach to Profitable Equipment Operation

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A Smart Approach to Acquisitions

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How to Align Equipment, Operations, and Accounting

Fleet Reliability

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Understanding Equipment Utilization and Availability Metrics

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A Smart Approach to Repair and Maintenance

The diagram illustrates asset management that “starts right” through wise procurement and financing, “stays right” through exemplary maintenance, and “recognizes change” so that assets that no longer produce a return can be sold and we can “start right” again. Measure success through utilization, reliability, and age.

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A Portfolio of Fleet Assets

Craig Gramlich, CEM

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How to apply the Bradford Factor to equipment downtime

Maintenance Comparison

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Renew the attack on unscheduled failures

Fleet Condition Mid 2022

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How to Keep Preventive Maintenance Systems Efficient

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Tackle Fluid Contamination

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Enlist Operators for Equipment Care

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Key Maintenance Terms

Fleet Replacement

Equipment assets need to be replaced as they are used up, says Mike Vorster, otherwise fleets are 'living off their seed corn.'

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Defer Machine Replacement, but Don't Deny It

Round2 A

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How to use cost history to determine remaining life

Price comparison

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Post Pandemic Projections for Asset Management

Estimated-O&O-Cost-per-hour

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Effective Lifecycle Costing Part 2

Operating-costs

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Effective Lifecycle Costing Part 1

Replacement-Decision

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Three steps to a machine replacement decision

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Total cost and economic life

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The Three Rs of Equipment Management

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Use Ranking System to Plan for Replacement

Fleet Utilization

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How to Use Work Order Systems to Drive Reliability

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Utilization: The Cornerstone of Fleet Management

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Bridge the Missing Link in Machine Data

One size does not fit all, and it is impossible to adopt a single standardized approach that suits every unit in the fleet.

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Increase Utilization Across Equipment Types

Calculate the costs for owning a skid steer loader and the cost of renting it in relationship to the utilization rate for the machine. Graphing those costs provides a method by which to compare the two acquisition strategies.

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Use Utilization in Rent vs. Buy Decisions

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Machine Sensors Lag on Operational Data

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Executive Institute

4 Critical Factors for World Class Fleet Management

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How Wasted Equipment Hours Define Work Status

Exec Ratios

Executive Institute

Three Equipment Ratios to Know and Use