Understanding
the utilisation ratios of equipment and machinery is a critical part of an
organisations financial management and helps with:
Calculating the utilisation of equipment
Good equipment
management software supported by a relational database will allow the accurate
interrogation of company data for reporting utilization rates. It will need to:
For example,
if an item equipment is available for 365 days and has been on a Job for 280
days then:
(280/365) *100 = 77% Utilisation.
equi-track equipment management software