If you are managing major equipment such as those in the fleet management field, there are several critical factors that you need to become familiar with. It is important to know how to stop your equipment from prematurely breaking, the art behind managing the average fleet size for your company, and knowing how to maximize your fleet utilization. Managers should also be equipped with the knowledge on how to estimate the costs that will go into their current and future projects.
- Many equipment-management companies are bothered about what they can do to be world class but the author states the answer can be complicated or it can be broad.
- A world class equipment management company stops equipment from breaking. They do this by putting construction in place safely, on time, and on budget.
- A world class equipment management company makes sure that it focuses on its operators. They have more effect on reliability and costs than other factors.
“Down events will occur, but you must reduce them to an absolute minimum.”