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Cost Management Partner
Only 6% of the companies know their fleet cost per hour, and only 2% of these companies have a system that provides the understanding of items such as labor hours, parts, repair interval, planned maintenance intervals, troubleshooting, consumable charges, warranty charges and more.
The 80/20 rule still applies:
On average, over the life of your equipment, only 20% of the cost of an asset is ownership. Approximately 80% of the total costs are operating cost. Knowing your cost per hour and maintaining a correct planned maintenance schedule will help reduce your overall costs.
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