Any investment in heavy machinery represents an important capital outlay. In order for this machinery to continue being a productive asset on your balance sheet, it is important to focus on one single objective and that is to ensure that it remains an asset and does not become a liability. An asset is something that puts money in your pocket, while a liability is something that takes money out of your pocket. Here are four ways to ensure that your heavy equipment never gives up the role of being a productive asset. 1) Train and Supervise Your Employees Properly
Nothing destroys heavy machinery quicker than an operator who does not know what he is doing or worse still, does not give a damn about the machine. Many business owners argue that they do not boast enough time to execute this training. My advice to them is to find the time because the return on investment can be considerable. In addition, once they are trained, it is important to adequately supervise them to make sure they are not treating your precious income-earning asset like garbage.
2) Conduct Frequent Inspections Prevention is better than cure. This means that someone with extensive knowledge in the machine should conduct frequent inspections in order to detect issues that could potentially become more serious in the future. It is also worthwhile making use of heavy-duty motor oil (HDMO) analysis. It is similar to a blood test on a human. Based on the presence of certain metals, an oil analysis will inform you as to where metal-on-metal contact is affecting the integrity of your engine components. Although oil analysis costs money, the expense is marginal. You can expect to pay between $8 and $15 per test – although more expensive diagnostics may cost more.
3) Maintain Your Equipment Right
Not only is regular maintenance critical in extending the life of your equipment, but you also should not ignore the importance of putting high-quality replacement parts and lubricants in order to keep it in working order.
4) Keep it Clean One of the simplest solutions for taking care of your heavy equipment also happens to be one of the most important – keep it clean. Natural substances to which your equipment is regularly exposed such as mud, dirt, and dust can clog filters and vents, as well as damage electrical components. In addition, these elements can speed up processes like rusting and contribute to the general wearing down of heavy equipment. It is a good idea to set a schedule for the pressure washing of your equipment in order to remove hardened mud and grease buildup.
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