04 Dec Equipment Utilization & Optimization Training
How can we manage our equipment cost better? We answer this question and more by covering: Equipment optimization challenges, steps for equipment optimization, definition and purpose of optimization and utilization as well as ROCE, and RONA. Other aspects include establishing a plan to ‘right size’ the fleet, optimizing fleet assets, disposal consideration, examining utilization, looking at repair costs, life cycle costs, life cycle analysis, life cycle management, the 5 life cycle phases. In addition, we cover how to increase utilization, getting the highest residual value, reducing operating costs, lowering PM costs, using standards and auditing, and reducing CM costs.