As  construction equipment is one of a contractor’s highest cost centers,  being cost conscious about your equipment utilization and your owning  and operating costs is critical. All contractors calculate the total  cost of ownership (TCO) a little bit differently, with various expenses  to consider.

Fleet management departments have been using technology in some  form since the 286 processor and dot matrix were considered new tech.  However, companies continue to under-utilize equipment assets, carry  more capital equipment than necessary, dispute over maintenance, and  wrestle with the own vs. rent debate. This webinar follows FMI’s Fleet  in the C-Suite research to improve leveraging equipment assets and FMI’s  partnership with Tenna as we engage in a conversation about fleet  management best practices and the application of modern technology to  optimize the company’s investment in the fleet.

Look  at any job site, and you will see a lot of construction equipment. If  you are a contractor on a job, can you see all your equipment, and know  what equipment is on your site? Is it working? Is it being utilized? Can  you see what’s available to you on other projects or at the yard that  you may be needing next week?

In construction businesses, the more transparency you have over your assets (people, equipment, tools), the more margin you can earn, more competitive you will be and more profit you will generate.

What is equipment tracking software?  We get asked this question frequently and wanted to provide information on what equipment tracking software is, how it works, industries that commonly use it and the benefits of using it.

“What  are the benefits of a GPS tracker for equipment?” This is one of the  most asked questions we get. Not surprising as you weigh your options against other tracking technologies and want to understand the benefits of GPS.