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Maximizing Equipment ROI: Preventive Maintenance & Beyond

Written by SEC News | May 8, 2024 12:11:14 PM

Your heavy equipment represents a huge capital expenditure for your business. Whether it's excavators, dozers, loaders, or any other heavy machinery, you want to ensure you get a strong return on that investment over the life of the assets. 

That's where maximizing your equipment's ROI comes into play. With the right preventive maintenance approach, smart usage strategies, repair practices, and lifecycle management, you can drastically extend the usable lifespan of your equipment. 

 

5 Tips To Avoid Premature Wear & Tear On Equipment 

We sat down with Dutch Diebert, Southeastern Equipment’s PSSR Manager who has spent over 10 years in the equipment industry. Diebert shared his top tips for extending service life and getting the highest return from your machinery investment. 

1. Don't Wait on Repairs

"One of the biggest mistakes we see is delayed repairs," Diebert said. "If you know something's broken and you wait, that's when issues really compound." It's akin to ignoring a small drip from a leaky sink until it rots out floors and drywall. The same damaging escalation happens with equipment when repairs aren't made proactively. Diebert's advice? "Fix things while they're small and manageable." Catching issues early and making timely repairs is key to preventing more severe consequences down the road. 

2. Use Proper Parts & Fluids 

Using quality OEM parts, manufacturer-recommended filters, and fluids is critical for service work. "You can buy cheaper parts online, but when it fails, you're dealing with costly downtime on the machine that's making you money," Diebert warned.  

3. Don’t Max Out Machine Usage 

Using equipment within its stated load limits and according to the manufacturer's guidelines is paramount. "Nothing is made for 100% duty cycle all the time," Diebert noted. "You need a machine rated for the work you're doing, not one you're constantly pushing past its capabilities." 

4. Spend Time Training Operators

Equally important is ensuring operators understand the intricacies of how to properly run the equipment. "We see a lot of unnecessary wear from operators being rough on controls or not following best practices for that particular model," said Diebert. He emphasized the importance of hands-on training, whether done in-house or through official certification courses. 

5. Turn To Expert Technicians For Repairs

Similarly, having repairs done by skilled, qualified technicians — whether an in-house team or factory-trained specialists — ensures work is completed correctly.  Schedule a service with our team today.

 

Simple Preventive Maintenance Pays Off  

Owners looking for "quick wins" to extend equipment life should focus on preventive maintenance (PM) basics. Adhering to recommended service schedules by properly completing all listed inspections, changing fluids, and replacements provides compounding benefits over time. Daily checks like grease points, fluid levels, and tire pressures are simple tasks that shouldn't be overlooked either. Keeping equipment properly cleaned and free of built-up grime is also vital. 

Here’s a quick checklist of recommended PM schedules that will yield compounding benefits over time: 

Daily/Pre-Start: 

  • Grease points 
  • Fluid level checks 
  • Tire pressure/wear inspections 
  • Clear debris from intakes/components 

Weekly: 

  • Full equipment cleaning and detailing 
  • Inspect for leaks, damage, and loose hardware 

Monthly: 

  • Air filter service 
  • Lubricate chassis points 

Quarterly: 

  • Fluid analysis 
  • Brake inspections 

Annually: 

  • All-system evaluation 
  • Timing belt/coolant hose replacements (if applicable) 

By properly completing listed inspections, fluid changes, filter replacements, and component services at the prescribed intervals, you'll prevent unnecessary wear and costly downtime. 

 

Equipment Lifespan & Environmental Factors  

For operators, rust prevention should be a high priority when it comes to equipment longevity. Corrosion can quickly degrade even late-model, low-hour machines, making them appear worn beyond their years. Combating rust requires: 

  • Diligent cleaning routines to remove accumulated dirt and debris 
  • Proactive application of high-quality undercoatings  
  • Using rust-preventative sprays on exposed surfaces 

While drier climates face fewer natural threats, allowing mud and dirt to accumulate can act as an abrasive and wreak havoc on components. The resulting damage from impacted debris highlights why something as simple as cleaning is often the #1 thing to do to keep equipment going strong in any environment. 

 

Used vs. New Equipment ROI Factors 

Buying used equipment can potentially maximize ROI if you know what to look for, but there are pros and cons to consider. Used machines come at a discounted price upfront, but maintenance/repair history is often unclear which could lead to inheriting unresolved issues. 

When purchasing used, insist on detailed service records similar to a vehicle's Carfax report. Evidence of proper care like prescribed fluid services, authorized repairs using OEM parts, and light-duty use can provide reassurance that the machine was well-maintained. However, a vague or missing service history should be a red flag. 

While buying new ensures a clean maintenance slate, the higher initial costs mean it takes longer to see ROI. But implementing proper care from day one allows you to maximize the machine's full productive lifespan. 

 

Get More Years Out Of Aging Equipment With Upgrades  

In addition to preventive care, two emerging technologies Diebert feels are game-changers for modern equipment ROI are telematics and machine control and guidance systems. 

Telematics  

Telematics systems remotely monitor a machine's performance data, fault codes, location, idle time, and more. This allows for proactive diagnostics and adjustments based on the insights, avoiding surprise failures and downtime. Telematics empowers a shift from reactive repairs to predictive maintenance.  Contact Jessica Alander, at jalander@southeasternequip.com, for more information on how telematics can improve your ROI. 

Machine Control Systems 

Machine control systems use GPS and computer guidance to optimize accuracy and efficiency for grading, excavating, trenching, and other job setups. Operators can program precise depths, slopes, and finished elevations, and then the equipment's automation makes micro-adjustments to hit each spec flawlessly. The extreme precision minimizes costly rework, material overages, and delays. 

 

Maximize Your Equipment ROI For The Long Haul 

The bottom line? "Taking a comprehensive approach to equipment care from purchase through retirement just makes good business sense," Diebert stated. "The upfront costs are dwarfed by the savings over an extended useful lifetime." 

With proper preventive maintenance, care, and strategic technology upgrades like telematics and machine control, you can maximize your heavy equipment's return on investment. To learn more about getting the most value from your machinery investment, schedule a consultation with the equipment experts at Southeastern Equipment today.