the utilisation ratios of equipment and machinery is a critical part of an
organisations financial management and helps with:
- Making better
management and shareholders informed about the efficiencies of the company
- Building informed
business cases with supporting evidence
Calculating the utilisation of equipment
management software supported by a relational database will allow the accurate
interrogation of company data for reporting utilization rates. It will need to:
the accuracy for your utilisation: minutes, hours, days…
- Know the available
time you have for utilising the equipment, i.e. what would 100% utilisation
- Track and
record the ‘what’, ‘where’ and ‘when’ of equipment.
- Allow for
drilling down and across equipment categories for rich reporting.
if an item equipment is available for 365 days and has been on a Job for 280
*100 = 77% Utilisation.
equi-track equipment management software
22 Aug 2022
by Gail Henderson