From routine service to fuel purchasing, the cost of owning heavy equipment can quickly add up over the life of the machine. Follow these tips on how you can reduce expenses for the highest return on your investment.
Telematics provides real time access to machine data, so you can monitor the health and status of your equipment. Pay attention to the following information to operate your fleet more effectively and lower your operating costs.
Excessive idling wastes fuel and adds unnecessary operating expenses. Monitoring idle time across your entire fleet can help reduce fuel use by identifying periods where machines can be turned off completely. You can also see operators who are idling excessively and provide training on how to run their machines more efficiently.
The data collected by telematics will help you better understand how your equipment is being used, so you can deploy individual machines more efficiently. If one of your contracts requires an excavator that isn't currently on site, you may be able to locate a suitable replacement machine in your yard or one that's sitting idly on another jobsite.
Consider buying remanufactured parts. They are built to OEM specifications and cost up to 40% less, compared to purchasing new parts.
A planned maintenance contract ensures that critical service work is completed on schedule. Following a maintenance schedule will help protect you from the expense of total equipment failures and associated downtime. With most planned maintenance contracts, technicians can visit your jobsite to complete maintenance during planned downtime.
Inspecting your machine every 10 hours can help avoid costly repairs and unnecessary downtime. A thorough inspection should consist of:
If you have any questions about lowering your equipment ownership and operating costs, call the branch nearest you.