HOW ARE YOU MANAGING

YOUR COMPANY'S EQUIPMENT?

 

Do you know if your company is spending too little or too much on fleet upkeep? How are you monitoring fleet performance and costs?

The Association of Equipment Management Professionals (AEMP) and the Construction Financial Management Association (CFMA) have partnered to help answer these questions by developing the Heavy Equipment Comparator.

THE HEAVY EQUIPMENT COMPARATOR WILL:

  • PROVIDE A SET OF 32 SELECT KPIs to help measure your heavy fleet’s performance and costs in 9 categories.
  • PROVIDE PERFORMANCE BENCHMARKS to measure progress.
  • IMPROVE DIALOGUE AND COLLABORATION among construction financial professionals and fleet managers.
  • ESTABLISH COMMON TERMINOLOGY and standards to help financial and fleet managers identify issues and make adjustments for improved fleet productivity and results.

32 KPIs / 9 CATEGORIES:

INPUTS
  • Labor efficiency
  • Inventory
    efficiency
  • Capital
OUTPUTS
  • Utilization
  • Financial costs
    and results
  • Reliability
PROCESSES
  • Planning and
    scheduling
  • Preventative
    maintenance
  • Safety

Gathering Survey Data

You will likely need to work with several individuals in order to gather the data for this survey. To make this process easier we have created an Excel Workbook that you can send to colleagues so they can easily add the data that is relevant to their part of the survey. This workbook has six tabs to collect the following metrics Financial & Cost, Utilization, Safety, Preventative Maintenance & Planning/Scheduling, Labor Efficiency & Reliability, and Inventory Efficiency. Once you have all of the data you can easily enter it into the survey at www.hecomparator.com.

Survey submissions are due by Jan. 15, 2023.

Click here to access the Heavy Equipment Comparator workbook. 

 

The Results for the Heavy Equipment Comparator will be released in March 2023 at ConExpo.