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Yellow Iron, Black Smoke
Yellow Iron, Black Smoke episodes
- Decision Making: Ask Why 5X and Consensus
In this episode Mike and I discuss decision making philosophy and strategies
42 min - Utilization (Make sure your asset is an asset)
In this episode, Mike Vorster and I discuss equipment utilization and what it means to make sure that your equipment assets aren't actually liabilities.
Other highlights:
- understand where utilization waste is coming from
- have a single source of truth for your meter readings
- utilization is a lead indicator for fleet costs and ownership recover50 min - Thinking like an investor: Rebuilds, replacement, rentals and CAPEX
In this episode, Mike Vorster and I discuss rebuilds, replacements and what it means to think like an investor in fleet management. The conversation is based around theory from Mike's book - Construction economics V2 check it out at http://cempcentral.com/
49 min - 51 min
- Budgeting and cost management (It's no good knowing something if you don't do something about it)
In this episode, Mike Vorster and I talk about budgeting, earned value, cost management and planning for the future. We're covering material from Mike's overhauled book, Construction Equipment Economics, V2. Be sure to check it out at cempcentral.com.
50 min - Rate Calculations
In today's episode Mike and I talk about rate calculations, estimations, and important concepts of Chapter 6 in Mike's overhauled book, Construction Equipment Economics V2 . Be sure to check out the book at cempcentral.com/book
1 hr 9 min - Owning and Operating Costs: Understanding the Curve
In today's episode Mike and I cover ownership and operating costs and how they impact your equipment fleet and financials. The converstion covers Chapter 5 of Mike Vorsters overhauled Construction Equipment Economics V2 book. Be sure to check out the book at cempcentral.com
1 hr 11 min - Profit Centers, Capital and Responsibility Accounting
Themes and questions Mike Vorster and I explore in this episode:
- Technology and the value of simplicity
- Should equipment be a profit center?
- How often should rates be recalibrated?
- Importance of competing profit centers
- Capital Modeling
- How can responsibility accounting impact your equipment fleet?
Story: Importance of measurement: learn to fly by instrument1 hr 4 min - Costing Insights: Owning & Operating Costs
In this episode, Mike Vorster and I will dive into chapter 3 of his new book: Construction Equipment Economics version 2. We focus on operating and ownership costs and the critical distinction between the two. Be sure to check out the book on Mike's website at CEMPCentral.com
51 min - 1 hr 10 min
About Yellow Iron, Black Smoke
From the publisher's feed
Your podcast for Construction Equipment Economics and Accounting talk with industry experts.