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