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We wrap up the Unexpected Equipment Downtime series with this final installment: are multi-brand tools the solution to OEM tools?
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So far, we’ve created a pretty good model for calculating the annual cost of unexpected downtime for 1 machine in a fleet of heavy equipment. Now it’s time to start actually reducing the downtime and the costs of it.
Many companies running equipment fleets rely almost completely on the OEM dealer for repairs, big and small, simple and complex for a way to lower downtime numbers… but at what cost?
From part 2 of this series, we left off with our running yearly cost of unexpected downtime for one piece of equipment at $10,800. We illustrated an example of about 360 hours per year of unexpected downtime at a cost of $30 per hour = $10,800 annual cost. Let’s continue from there…
As I said in the previous article, when trying to figure the complete cost of unexpected equipment downtime, there are a number of different costs that must be included in our calculations. There is one area that is often overlooked when doing this…the loss of expected use of a machine.
It’s a simple question really…what is the cost of equipment downtime? Or at least it’s simple to ask. In reality, if you were to put this question to 100 equipment fleet managers, it’s likely you’ll get 100 very different answers.
I recently found an article in “Tire Business” that goes into great detail about the reality of the diesel tech shortage and some of the implications we all are or soon will be suffering from this ever-growing problem. While the beginning of the article lays things out to be pretty grim, there is some room for optimism.
Maybe it’s just me, but it seems like we’ve been talking about the big infrastructure boom for years. Although there have been projects popping up here and there, for the most part it’s just been an endless game of kick the can…until now (hopefully).
Like so many segments of the economy, the dealer and aftermarket channels for commercial truck were hard hit during the second quarter of 2020. This should not come as a surprise. But with vaccines starting to hit about a million arms a day and with talk of it being safe to open schools, normalcy seems to be within our grasp at last.
With over 80 manufacturers of heavy equipment, finding the right data link connector can be difficult. Ready for the solution?
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Learn the true cost of your equipment downtime, and what can be done about it, with this exclusive report.