Construction Equipment Management
Equipment can represent one of your company’s biggest capital investments. Realizing even a small margin of additional efficiency or return on investment can have a significant impact on your bottom line. Spectrum Equipment Management Software allows you to streamline all of your equipment tracking, maintenance and management costs with one easy-to-use platform.
With Spectrum Equipment Management Software you can:
- Track owning and operating costs
- Improve job cost and estimate accuracy
- Optimize fleet deployment and usage
- Track return on investment across all equipment
- Streamline preventive maintenance to get more operating life out of your fleet
Realize smarter, more effective equipment cost tracking
Your equipment owning and operating costs are two very different functions, but both equally important to your bottom line. Spectrum construction equipment management software gives you the tools to manage all financial aspects of your heavy equipment investment, including complete operating and ownership costs. As you deploy your fleet, assign these costs to the jobs where they belong, improving the accuracy of job costing and helping you create more precise estimates. By tying equipment costs directly to your jobs in Spectrum, you ensure inclusion of equipment costs into your job cost estimates.
Once you can accurately track your equipment costs, you may create benchmarks to show how much it costs to operate your fleet. Companies that can accurately benchmark their costs have the ability to better estimate true costs for their jobs, realize better managed jobs, and ultimately better profitability.
Optimize your fleet and usage of equipment
Since you need different equipment for your various jobs—and equipment ages—knowing which to own versus rent, their various lifecycles, and how to get the best use from each piece of equipment is vital to your projects’ success. spectrum construction equipment management software gives you the tools to identify all fleet management costs across classes of equipment, individual machines, and parts and assemblies, helping avoid negative returns on your investment.