4 Risks You Can Mitigate with Good Equipment Management
1. Weather Delays
By knowing what machines are available
at any time and exactly where they’re
located, you’ll be better prepared to
quickly respond to and recover from
Keeping up with preventive maintenance
is the single best way to avoid major
machine failures. Also, take full
advantage of electronic alerts and
machine data to help spot small problems
before they can cause larger issues.
3. Cash Flow Crunches
Major repairs and early machine
replacements cripple your cash flow.
Good equipment management helps you
maximize uptime and extend machine life.
4. Overtime Penalties
Next to the weather, nothing puts you
behind schedule faster than the loss of
a machine. A good equipment database
helps you re-allocate equipment in case of
emergencies. Plus, it will let you see when
you might need to rent some equipment to
make sure you get that completion bonus.