How well do you know what is going on with your machines?

Your Answer

1.

Do you have electronic records of machine usage that can be compiled into reports to help senior managers, project managers and other decision makers?

2.

3.

The largest single variable cost used to determine what a machine cost a company is annual utilization hours. Do you know have accurate machine meter reading information to support your belief of how many hours each of your machines is actually used?

4.

Do you get monthly or quarterly reports on the forecasted annual use of your machines so can you know your cost of any machine or group or machines has changed and needs re-costing?

5.

Do you know exactly how much “Opportunity Loss” you experienced last month (or year to date) due machines sitting unused?

6.

Do you know what projects that have machines sitting and unused.

7.

Do you have the information about groups of machines within your fleet such as hydraulic excavators, to help you determine if you should buy or sell?

8.

Do you get weekly fuel and utilization reports on your machines that contain actionable information?

9.

Do have Job Cost information as to the actual cost of machines based on UTILIZATION and machine hour meter readings? There is a big difference between a machine operating cost and machine standby cost on a job.

10.

Do you know the three Key Performance Indicators of utilization for your fleet:

1. Total Fleet Machine Hours Used (Year to Date and Annual Projection)
   
2. Percent (%) of Fleet Utilization
   
3. “Opportunity Loss” experienced last month (or year to date, and annual projection) due machines sitting unused on projects