Construction Equipment magazine has partnered with Baromitr to offer a new data-driven solution providing fleet benchmark insights to equipment managers.
The Equipment Manager Confidence Index enables equipment managers to receive back clear insights on industry trends and compare themselves to their peers. The Baromitr platform uses proprietary technology to make data delivery easy and secure, thereby enabling peer-based benchmarking for equipment managers for the first time.
The resulting insights from the Baromitr platform will provide the critical, missing data equipment leaders need to make more confident capex decisions, including asset investment and liquidation.
“Often best described as capex intensive and low-margin, construction organizations have been searching for ways to better justify their equipment investments, one of their largest cost areas, for a long time. Baromitr addresses that need by enabling data-driven, peer-considered equipment decisions for the first time,” says Garrett Schemmel, CEO and Founder of Baromitr.
“Accurate asset management depends on accurate historical data, regardless of fleet size,” said Rod Sutton, editorial director of Construction Equipment. “The Fleet Age and Usage Benchmarking Platform enables equipment managers to analyze these key metrics, compare them with others in the industry, and gain insights that will improve the fleet’s financial performance.”
The Fleet Age and Usage Benchmarking Platform delivers insights quarterly and is open to any equipment operators in heavy civil construction, vertical construction, aggregate production and waste management. The first launch of the benchmark updates will take place in April and the window to join before launch closes March 30, 2020. After that time, members may join at any time, but will not contribute to a benchmark update until the next quarter.
Come visit us at the Construction Equipment booth at Conexpo, G20801 in the Grand Lobby.
To find out more about future benchmark solutions for construction, visit Baromitr. Baromitr is the first, scalable peer benchmarking software platform. The proprietary technology manages the entire benchmarking process – secure data delivery, anonymous communications and compliant results shared through an easy-to-use visual experience – thereby unlocking critical insights leading to increased revenue, improved profitability and data-backed investment decisions.