Construction equipment is generally expensive and cannot be replaced often. To get the most out of your investment, regular maintenance is only a small part of effectively managing your equipment. To make better use of your equipment and take full advantage of vehicles and machines, a construction management software can be implemented. Equipment management software will stand to benefit your company in a variety of ways, allowing general contractors and project managers to better track and record the most important details of your equipment, maximizing the usage of your assets.
How does Equipment Management help?
Equipment management and construction software can record the profitability of any given piece of equipment. Not only will the cost of a product be tracked, but also all associated costs, as well as any revenue from projects will be taken into consideration. Other functions of software include tracking fuel history and fuel consumption, which also affects the profitability of a piece of equipment. Software can help determine whether or not any given product is helping your company make or lose money. Managing your equipment by using software allows you to assess each individual piece you have, and make better decisions on its uses going forward. Essentially, software can aid in determining if a piece of equipment is helping or hindering the success of your company.
Construction equipment software can assess the depreciation of any given product, and automatically record its results. Depreciation is based on several factors such as the maintenance cost, the operating costs and other costs that have been documented. Through this calculation, you will be able to determine if a piece of equipment is worth continuing to maintain or replace. Construction software makes these decisions easier, by recording pertinent data that can affect how your company uses equipment going forward.
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Construction software allows for maintenance logs, with the ability to track all of the repairs that have been done since the initial purchase throughout the course of its usage and until the end of its use. Arguably, tracking capabilities are the most essential function of construction software, as it allows you to record profitability, depreciation, ownership, maintenance, cost and location of a given piece of equipment. Also, construction software allows you to track the usage of each product, which can be inputted into reports that detail the best course of action among each piece of equipment.
Management equipment software allows for a simple and easy maintenance scheduling solution for each individual unit, allowing you to plan ahead during its down time. The details of renewal, inspections, as well as registrations which need to be completed are also integrated into the software. Preventive maintenance tasks including the dates, the miles/ kilometers and hours of use can be tracked, which provides greater insight into what type of maintenance a piece of equipment may need. Regular inspection and maintenance schedules become easy to follow as it is dictated to you through construction software you may be using.
The implementation of construction software will prove to be a worthwhile investment. Not only will you be able to maximize the utilization of all your construction equipment, each unit is used to the fullest extent. Equipment management is only one of the many values construction software serves. Applying a construction software solution will not only benefit your company immediately, but your business will be better off in the long term.