New technologies are having an enormous impact on the construction industry. A recent article for Construction World takes a look at their impact on the management and utilization of construction equipment.
Equipment management is a feature that some construction software offers. It is a tool that allows users to track key equipment details and scheduling. Specifically, it has a positive impact in the following areas:
Profitability – For each piece of equipment you use, construction software can record profitability, fuel history, fuel consumption, and more. This is key data that you can use to inform both short-term and long-term equipment decisions.
Depreciation – Drawing on various cost information, the software can calculate the depreciation of your equipment and automatically record it. These numbers impact how your company uses its equipment.
Tracking – Users can store a vast amount of information in the construction software system, including maintenance logs, repairs, and usage. The data can be inputted into helpful reports.
Maintenance – The equipment management software makes scheduling downtime for maintenance much easier. You can create a schedule for each piece of equipment. It even keeps track of the details that inform when maintenance is needed for your equipment.
For more details, read the article in full at Construction World.