Caterpillar launches course on the fundamentals of equipment economics
Caterpillar has launched "The Fundamentals of Equipment Economics," a web-based training course that helps construction business owners and fleet managers reduce equipment costs, extend and optimize machine life, and improve profitability through data-driven principles.
An eight-part online program offered by Caterpillar University, "The Fundamentals of Equipment Economics" is designed for a wide range of businesses, from large contractors that manage diverse fleets with hundreds of machines to small construction and landscaping firms using a single piece of equipment. It uses a pragmatic, step-by-step approach to teach essential skills and best practices for:
- Predicting and managing owning and operating costs
- Determining when to repair, rebuild or replace a machine
- Measuring the value of reliability and utilization, and mastering quantitative tools and advanced economic concepts.
"Our customers are always looking for innovative ways to run their business. This course provides customers with an opportunity to learn the principles necessary to maximize equipment life and improve their bottom lines," said Fred Rio, worldwide product manager for Caterpillar's Construction Digital & Technology Division.
The curriculum has also been endorsed by the Association for Equipment Management Professionals (AEMP).