Heavy equipment downtime means lost productivity, revenue, and potential job opportunities. Put simply, equipment downtime gets more expensive with every hour that your equipment is down. But what are the costs associated with heavy equipment downtime, and how can you reduce the chances of your machinery breaking down?
In the latest blog post from RPM Machinery, we’ll discuss the average cost of heavy equipment downtime, as well as provide some tips to help you avoid downtime in the future.
What Is the Average Cost of Heavy Equipment Downtime?
Planned downtime is the period of time when your equipment is shut down in order to perform necessary regular maintenance or repairs. Unplanned downtime, on the other hand, refers to when your equipment suddenly breaks down and is no longer able to operate. This affects all areas of your business, from employee productivity to unplanned costs and lost revenue.
Unfortunately, the average costs of heavy equipment downtime can vary significantly. Depending on how long downtime lasts, the type of machinery that is down, the costs to repair the machinery, and several other factors, heavy equipment downtime can cost anywhere from hundreds of dollars to thousands of dollars per hour. Taking the necessary precautions to reduce the likelihood of downtime is crucial to maintaining productivity and trimming costs.
Reduce Costs When Heavy Equipment Downtime Occurs
If your heavy equipment ever does break down and you experience downtime, it’s crucial that you’re prepared so you can reduce downtime costs. Try implementing the following tips to reduce costs if heavy equipment downtime occurs:
- Have backup plans in place
- Reallocate other equipment and resources as needed
- Train employees to use equipment as efficiently as possible
- Work with a trusted heavy equipment machinery service provider
- Schedule repairs immediately
Schedule Maintenance to Reduce the Likelihood of Heavy Equipment Downtime
Heavy equipment downtime can still occur, unfortunately, despite your best efforts to avoid it. However, by providing your equipment with regular routine maintenance, you can significantly reduce the likelihood of downtime occurring.
Enrolling in a maintenance plan is a great way to ensure that maintenance is not forgotten. When the time comes to schedule maintenance, your trusted construction equipment service company will get in touch with you to schedule your regular maintenance.
Not only will this help you reduce the chances of an equipment failure, but it will also help you stay compliant with local and federal maintenance laws to avoid the potentially harsh penalties of neglecting maintenance.
The Benefits of Working With RPM Machinery
RPM Machinery is proud to be there when our customers need us most. Due to current supply chain issues, it can be nearly impossible to find equipment to buy or even rent. That’s why finding a heavy equipment service company that can provide quick and effective service when problems arise is key.
When you contact RPM Machinery for repairs or maintenance, we can typically be on-site within 48 hours, while the industry average is 2+ weeks. We’ve got the equipment and team to provide you with the services that you need, when you need them. Regardless of whether you’re in need of repairs or maintenance, get in touch with our team today.
Contact RPM Machinery for Heavy Equipment Services
Here at RPM Machinery, we understand that you can’t afford to have your equipment break down on you. That’s why we’re proud to provide customers throughout Indianapolis, Fort Wayne, Franklin, and Lafayette, IN with high-quality heavy equipment maintenance and repairs. Whether the time has come to provide your equipment with regular routine maintenance, or you’re experiencing issues that require professional repairs, don’t hesitate to schedule service with us today.