Tag: 74 tips for reducing equipment costs

Construction Equipment

74 tips for reducing equipment costs (56-74)

Below are my final tips for squeezing those extra dollars out of your equipment operation. You can check out the previous posts by clicking here. 56: Use Failure Mode and Effects Analysis (FMEA) Inspection helps to detect early signs of changes in condition—a warning of impending failure.  But when to examine and what to examine […]

September 19, 2013

Construction Equipment

74 tips for reducing equipment costs (46-55)

Last week, we hit the halfway point in this series of 74 tips for reducing your equipment costs. Here is the next set of tips: 46: Learn more about MRO Maintenance, Repair and Overhaul is the science of inventory control applied to maintenance spares.  Rigorous adherence to inventory control process is a science… not an […]

August 30, 2013

Business

74 tips for reducing equipment costs (31-45)

With this post, we’re now more than halfway through my 74 ways to reduce equipment costs. Here are tips No. 31-45: 31: Track turn rates Turn rates (how often items and inventory value are replaced) are important indicators to show what is and is not moving.  Slow and no movers can be removed but you […]

August 23, 2013

Construction Equipment

74 tips for reducing equipment costs (21-30)

In my last post covering equipment cost cutting tips 11-20, I looked at eliminating buddy jobs, cutting down emergency work and reducing engine idling.  Here are cost-saving strategies 21-30: 21: Manage omissions Omissions can create common failures that affect numerous downstream components. Omissions can lie concealed or dormant until they trigger events that cause an […]

August 16, 2013

Home

74 tips for reducing equipment costs (11-20)

In my first post covering equipment cost-cutting tips 1-10, I addressed several equipment cost cutting basics, including the impact of faithfully using a computerized maintenance management system. Here are cost-cutting strategies 11-20:   11: Eliminate “buddy jobs” I have seen unnecessary use of two-man jobs many times while analyzing maintenance operations.  If they aren’t really […]

August 5, 2013

Business

74 tips for reducing equipment costs (1-10)

One thing I learned long ago was the bottom-line impact of reducing costs.  I don’t mean cutting costs—I mean reducing costs.  There is a significant difference. One brings immediate relief to the bottom-line while the other brings more sustainable results. Over the next several posts, I will share 74 tips to help you reduce costs. […]

July 31, 2013