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H1 - Measuring the Performance of Your Equipment Fleet 
June 30, 2015   9:30am - 10:45am
  Synced Audio / Video / Slides

This session divides commonly used metrics into two categories – those that measure inputs and those that measure outputs from the system. Input measures include physical units (such as labor hours) and cost measures (such as money spent on labor, parts, and consumables). Output measures focus on both the quantity of output (such as work done or hours worked) as well as the quality of the output (such as up-time and reliability).

Learning Objectives:
  • Define and establish relevant internal metrics for fleet performance management.
  • Distinguish among deployment, utilization, and availability as important everyday metrics in equipment management.
  • Appreciate the difference between owning cost per hour and operating cost per hour, and be able to use these metrics to manage fleet cost.
  • Define at least two company-level metrics (such as contract revenue per dollar of equipment cost) for use in long-range capital investment planning

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