All Pedigree Technologies posts related to the OneView platform and any products in our full range of available telematics solutions.


Use Equipment Tracking to Reduce Downtime While Increasing Profits

If your company operates heavy equipment, you know all about the challenges that can reduce your profit margin. Missing scheduled maintenance can turn small problems into major breakdowns; inaccurate billing can lead to overspending or under charging and unnecessary idling can elevate fuel costs.

Using the right equipment tracking and monitoring solution can help prevent costly issues and dramatically increase profit. Whether it’s a forklift, light tower, bulldozer, or generator, you need to know what your machines are doing, where they are, and how efficiently they are running.

Track Actual Equipment Usage:

When equipment is left at a job site for days or weeks at a time, it is difficult to track how long the equipment was in use. Continuous equipment monitoring provides insight into prolonged idle times, allowing you to cut fuel costs and ensure critical maintenance is never missed. With visibility into engine diagnostics data such fluid levels, temperatures and error codes, you can streamline operations and fully utilize all equipment. All of this real-time data into usage can help you extend the life of your equipment and reduce operational costs.

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3 Ways Equipment Maintenance Can Improve Your Business

Talking to customers and learning how they’ve adopted our system to their business never ceases to amaze me. Recently, I conducted a case study with one of our customers who rents out heavy equipment to businesses engaged in the exploration of oil and gas.

The client uses Equipment Tracking coupled with our Maintenance Solution to track the location of equipment, monitor engine run-time and schedule maintenance accordingly. Not only are we saving their business time and money, but we have helped their entire business become more efficient.

If you rent or operate heavy machinery like this company, then you could be improving your business in three main areas by properly scheduling maintenance.

1) Extend Equipment Life and Avoid Costly Breakdowns

Equipment Maintenance

Replacing a piece of equipment could cost your company upwards of $300,000 and that’s not to mention all the lost revenue from equipment downtime. It’s very important to keep your equipment on a regular maintenance schedule, but this can be extremely difficult when you have no idea how long your equipment has been running or where it’s located.

By coupling Equipment Tracking with Maintenance, our customer was able to schedule maintenance based on actual run-time data and send technicians out in response to this data.

With custom-configured run-time alarms, they were automatically notified when maintenance was needed; ensuring nothing fell through the cracks. With all of this data, our client was able to increase equipment life by 30% through improved maintenance scheduling. When you consider that this business has 600 pieces of equipment in the field ranging from $10,000-$300,000, the amount of money saved is impeccable.

2) Reduce Paperwork and Man-Hours

Before using our system their process for scheduling maintenance was basically a guy running around with a pen and paper. This was costing them almost two days of work per week by manually having to locate equipment – when sometimes maintenance was never even needed. As you know, the inefficient process can waste man-hours and increase administrative work.

By enabling a centralized system into your operations, you can eliminate bulky paperwork and streamline everything together for easy reporting. If you want to look back and see when your equipment last had its oil changed, all the information you need is at your fingertips. Our Equipment Rental customer was able to save multiple hours per week by not having to manually locate equipment and send out service technicians for unnecessary maintenance trips. Think of all the inefficient manual process your business has in place today and ask yourself, could it improve in some areas like our customer?

3) Cut Costs and Boost Profits

There are many expenses that can make or break a rental business from increasing fuel costs to inaccuracies in billing. Having insights into equipment location and run-time data can make a huge impact on your overall costs. The customer I spoke to saves $500 per week on fuel costs and 30 hours per each field tech by efficiently scheduling maintenance and responding to service calls. On top of that, they have also added revenue to their business by increasing billing inaccuracies.

In one instance, they pulled location data from our system to resolve a billing dispute which brought in six more rental days for the business. With all of these savings, this particular business has seen an ROI close to 200%. “The system definitely pays for itself, plus,” said the Equipment Manager.

Helping businesses become more efficient, productive, and profitable is what we are all about at Pedigree Technologies. To read more, please check out our case studies today!

Corrective vs. Preventive Equipment Maintenance

If your business depends on equipment to stay up and running smoothly, then you know staying on top of maintenance is a must. But what happens when that piece of equipment is out at a job site for a month and you have no idea how long it ran or when the last maintenance was performed?

Most of the time proper routine maintenance is overlooked, leading to setbacks caused by major mechanical failures. If your company still waits until equipment fails to repair it, then you are wasting thousands of dollars that could be easily spared by preventive maintenance.

 

What is Corrective Maintenance?

preventative maintenance Corrective maintenance is a maintenance task performed to resolve equipment failure and restore it to operational condition. This type of maintenance is the most commonly used approach and it occurs when routine check-ups fall through the cracks, leading to major mechanical problems.

Corrective maintenance could cost thousands of dollars, not to mention if you end up having to replace the equipment what that cost would be.

 

What is Preventative Maintenance?

Preventative maintenance is any maintenance that is designed to retain the healthy condition of equipment and prevent failure, which could mean an oil change, cleaning or inspection. This type of maintenance has been determined by researchers as the best and most efficient way to maintain equipment. By performing routine maintenance, equipment life can be extended dramatically and reduce the number of major mechanical failures that occur.

 

The Difference

Switching to preventative maintenance can not only save you time and money, but increase the value of your equipment drastically. This process change can seem difficult and time-consuming, but there are many tools and solutions that can help. For instance, utilizing equipment maintenance software can streamline this process entirely by allowing you to schedule maintenance based on timing or usage, and receive automatic alarms when maintenance due.

From there, you can dispatch the closest technician and record any repairs that were performed in one, centralized system. Tools like these allow you to see how much money you are spending on equipment and make better decisions.

Here are some other important benefits of implementing a preventative maintenance program:

    • Increase equipment uptime and avoid serious breakdowns
    • Extended equipment life with routine maintenance
    • Improve tech or worker utilization
    • Reduce paperwork and administrative tasks with electronic reporting tools
    • Improve safety and quality conditions for everyone

 

Interested in implementing a preventive maintenance program?
Read more about our award-winning maintenance software or sign up for live web demo today!