Key Takeaways Underutilized equipment incurs maintenance and storage costs without bringing in revenue. Underutilized assets depreciate without contributing to revenue. The capital tied up in underutilized assets could be invested in newer technologies. Every...
Key Takeaways Idle equipment runs up additional costs and decreases productivity on the construction site. Due to often being neglected when it comes to maintenance, idle equipment can malfunction and lead to injuries. Inefficiencies caused by idle equipment can...
Not every tool and equipment business has an equipment maintenance plan in place – but they should! Whether you’re a large business or small, this plan is essentially a to-do list for keeping your equipment in good condition and ready for use. This drives...
Key Takeaways Creating a solid plan for the end of year inventory count is crucial. Categorizing inventory into consumables, materials, tools, and equipment can make inventory counting more efficient. Investing in construction inventory management software saves time...
Key Takeaways Idle time is a period during which your equipment is available and functional, but isn’t being used. Downtime describes the time during which the asset isn’t in shape to run due to a breakdown or scheduled maintenance. Tracking equipment idle time and...
