This document discusses the benefits of equipment management technology solutions for businesses that manage a fleet of machines. It outlines 6 great reasons to choose an equipment management solution, including increased uptime, productivity, and revenue. It also describes 4 ways a business can benefit from equipment management - controlling costs, improving operations, managing people, and reducing risks. Specific benefits are provided like finding unproductive idle time to reduce costs, monitoring maintenance schedules to maximize machine life, tracking machine locations for security, and preparing for risks like weather delays or equipment breakdowns. The document promotes the value of technology solutions for effective equipment management.
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Caterpillar: Yellow
“We only have a few machines, so we have to keep them
running as reliably and cost-effectively as we can..”
Heavy industry is a risky business. Effectively managing
your equipment is one way to lessen the impact of some of
those day-to-day risks…
• GOOD EQUIPMENT MANAGEMENT MAKES YOUR
WHOLE BUSINESS STRONGER.
• TECHNOLOGY MAKES EQUIPMENT MANAGEMENT
EASIER
Whether you manage five machines or 100, the first step is
understanding what your machine can tell you and how that
information can make a difference to your bottom line.
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Caterpillar: Yellow
1. Increased uptime
2. Greater productivity
3. Increased revenue per machine
4. Quality work from technicians trained
5. Higher machine resale value
6. More time to focus on your business
6 GREAT REASONS TO CHOOSE
EQUIPMENT MANAGEMENT SOLUTION
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Caterpillar: Yellow
4 WAYS YOU CAN BENEFIT FROM EQUIPMENT
MANAGEMENT
1. CONTROL COSTS
2. IMPROVE OPERATIONS
3. MANAGE PEOPLE
4. REDUCE RISK
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Caterpillar: Yellow
Automated data collection and reporting lets you see what
your real costs are, so you can take concrete steps to bring
them down.
• Find and eliminate unproductive idle time to reduce fuel
costs and limit total machine hours for improved resale value.
• Spot and fix small problems before they develop into major
failures to save big on service costs.
• Keep up with maintenance schedules to maximize
machine life and reduce total owning and operating costs.
1. CONTROL COSTS
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Caterpillar: Yellow
2. IMPROVE OPERATIONS
When you can see exactly where your machines are and
when they’re due for maintenance, you can make better, more
informed decisions.
• Find the best time to bring a machine in for service or
preventive repairs.
• Decide how you can move equipment around between
jobs so it doesn’t sit idle.
• Determine whether you can take a machine off of a job
and still meet your deadline.
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Caterpillar: Yellow
Technologies can tell you a lot about how well and how much
your people are working...and how they should be working
instead.
• Monitor your operators to see who is running their
machines like a pro and who could use some more training.
• Allocate service personnel so they stay busy without
becoming overtasked.
• Reward good performance to promote employee pride
and a culture of safety.
3. MANAGE PEOPLE
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Caterpillar: Yellow
Equipment data helps you deal with day-to-day uncertainties
more effectively. You can use it to:
• Track machine locations to help keep your equipment
safe and secure.
• Get accurate feedback on your operations to make
tighter, more competitive bids.
• Decide when to replace older equipment to get the most
advantageous deal for your business.
• Maintain regulatory compliance to avoid fines and
complications.
4. REDUCE RISK
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Caterpillar: Yellow
1. WEATHER DELAYS
2. BREAKDOWNS
3. CASH FLOW CRUNCHES
4. OVERTIME PENALTIES
4 RISKS YOU CAN MITIGATE WITH GOOD
EQUIPMENT MANAGEMENT
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Caterpillar: Yellow
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 weather-related delays.
1. WEATHER DELAYS
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Caterpillar: Yellow
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.
2. BREAKDOWNS
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Caterpillar: Yellow
Major repairs and early machine replacements cripple your
cash flow. Good equipment management helps you maximize
uptime and extend machine life.
3. CASH FLOW CRUNCHES
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Caterpillar: Yellow
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.
4. OVERTIME PENALTIES