Equipment Asset Management

Spectrum® Construction Equipment Management

Software that maximizes your bottom line to get more life out of your equipment investments. Equipment can represent one of your company’s biggest capital investments. Realizing even a small margin of additional efficiency or return on investment can have a significant impact on your bottom line. Spectrum Equipment Management Software allows you to streamline all of your equipment tracking, maintenance and management costs with one easy-to-use platform.

 

You Can optimize

With Spectrum Equipment Management Software you can:

  • Track owning and operating costs
  • Improve job cost and estimate accuracy
  • Optimize fleet deployment and usage
  • Track return on investment across all equipment
  • Streamline preventive maintenance to get more operating life out of your fleet

Smarter, cost tracking

Equipment Management Software: Realize smarter, more effective equipment cost tracking

Your equipment owning and operating costs are two very different functions, but both equally important to your bottom line. Spectrum construction equipment management software gives you the tools to manage all financial aspects of your heavy equipment investment, including complete operating and ownership costs. As you deploy your fleet, assign these costs to the jobs where they belong, improving the accuracy of job costing and helping you create more precise estimates. By tying equipment costs directly to your jobs in Spectrum, you ensure inclusion of equipment costs into your job cost estimates.

Once you can accurately track your equipment costs, you may create benchmarks to show how much it costs to operate your fleet. Companies that can accurately benchmark their costs have the ability to better estimate true costs for their jobs, realize better managed jobs, and ultimately better profitability.

get more from your fleet

Equipment Management Software: Optimize your fleet and usage of equipment

Since you need different equipment for your various jobs—and equipment ages—knowing which to own or rent, their various lifecycles, and how to get the best use from each piece of equipment is vital to your project's success. spectrum construction equipment management software gives you the tools to identify all fleet management costs across classes of equipment, individual machines, and parts and assemblies, helping avoid negative returns on your investment.

Spectrum helps you stay in the construction equipment management sweet spot by giving you the ability to combine the owning and operating costs of your equipment to identify when a machine has outlived its useful life in your fleet and should be replaced. Spectrum helps manage average usage and ROI of your fleet.

Spectrum® Equipment and Asset Management

Powerful data capture and analysis to optimize fleet operations and maintenance. Accurately capture and apply equipment owning and operating costs. Proactively manage preventative maintenance. Make smart decisions on buying, renting and selling. Generate accurate job estimates based on real rates.

take control

Equipment Management Software: Take control of your resource scheduling

During the peak of your construction season, you may have hundreds of pieces of heavy equipment and workers to track and schedule. Spectrum simplifies fleet and employee resource management with Resource Scheduling. With Resource Scheduling, you can assign equipment and personnel to job sites on a day to day basis. Once scheduled, employees receive an email letting them know when and where they will be working.

Resource Scheduling also lets you know who is available and assign them to haul equipment to the job site. As part of a robust construction management software application, Resource Scheduling even notifies you of scheduling errors—such as if the equipment is larger than the vehicle that is supposed to haul it.

In addition, Resource Scheduling provides a dispatch board, enabling you to see where you are overstaffed and if you can reallocate resources. To speed up your payroll process, Resource Scheduling allows you to enter a crew time card. With this functionality, you can allocate the hours an entire crew spent working, rather than enter the employees’ times individually.

sweet spot

With a powerful combination of data capture and analysis based on industry best practices, Spectrum Equipment and Asset Management provides you with everything you need including:

  • Equipment Cost Tracking  
  • Meter Reporting  
  • Equipment Tracking  
  • Preventive Maintenance  
  • Equipment Resource Scheduling  
  • Depreciation Calculators

 

effectively manage

Effectively manage your preventive maintenance

Spectrum Equipment Management gives you the power to streamline and control all aspects of your preventive maintenance:

  • Keep detailed history on all of your machines
  • Benchmark projected preventive maintenance costs among classes of machines
  • Alert operators and equipment managers when preventive maintenance is due

WIN MORE JOBS

Bid appropriately to win jobs and improve your margins with smart calculations of per hour equipment recovery costs based on hours used and work order information.

Get the most mileage out of each machine and optimize performance by connecting finance and operations into a complete picture of your company’s fleet with Equipment and Asset Management.

Accurately set the hourly rate for each piece of equipment with equipment cost tracking of fixed costs such as depreciation,  licensing and insurance; and operating cost like fuel consumption or tire wear.

 

 

SAVE TIME AND MONEY

Know whether you should rent or own equipment with Lease vs. Buy Analysis of all warranties,  meter readings and other information on your assets.

Optimize fleet deployment saving time and money by monitoring where equipment is working and where it isn’t.

Correctly charge equipment costs to each job with automatically calculated standby costs based on where equipment is assigned and operating costs based on the hours used.

Accurately calculate depreciation of fixed assets and automatically expense it your income statement and code it to the General Ledger. Each asset can have up to three of the following depreciation methods applied to it: modified accelerated cost recovery, straight line, sum-of-year’s digits or declining balance.

BETTER INSIGHT

Easily track and schedule hundreds of employees and pieces of heavy equipment by assigning them to job sites on a day-to-day basis.

Avoid problems with equipment deployment with Re- source Scheduling that shows employees  available to haul equipment and alerts  you to  scheduling  errors, such as equipment being too large for the vehicle that is supposed to haul it.

Avoid project delays and potential employee injury by ensuring that every machine in your fleet receives the maintenance it needs in a timely fashion.

Develop more accurate ownership and operation cost recovery rates and be prepared for costly equipment repairs by creating equipment work orders that provide better insight into the repair costs of specific equipment.

 

 

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