Management of Off-Highway Plant and Equipment

Management of Off-highway Plant and Equipment provides a working knowledge of plant management for today's engineers, managers and students, and explains concisely and clearly the factors to be considered during investment in, and management of, construction equipment. It compares the cost of leasing with those of purchase, discusses ways of achieving optimum economic usage of plant, and covers issues of health and safety, licensing and the logistics of maintenance.

List of figures

xii

List of tables

xiv

Preface

xvi

Acknowledgements

xvii

1 Introduction

1

(4)

About this book

3

(2)

PART I Organisation for business

5

(48)

2 Organisation and management of equipment services

7

(11)

Introduction

7

(1)

Equipment acquisition policy

7

(1)

Establishing the objectives of the enterprise

8

(1)

Management structure

9

(4)

Size and distribution of firms

13

(2)

Alternative options for equipment supply

15

(3)

3 Marketing and business development

18

(6)

Market planning: an introduction

18

(1)

The market and business development strategy

18

(4)

Trends affecting the forecast

22

(1)

Implementing the market plan

22

(2)

4 Popular equipment types

24

(29)

Introduction

24

(1)

Bulldozers and tracked loaders

24

(3)

Excavators

27

(7)

Compactor rollers

34

(5)

Wheeled 'tractor' backhoe loaders

39

(1)

Forklift trucks and telehandlers

40

(2)

Dump trucks

42

(4)

Cranes

46

(3)

Wheeled loaders and integrated tool carriers

49

(1)

Skid steer loaders

50

(3)

PART II Investment, procurement and business management

53

(72)

5 Economic comparisons of equipment alternatives

55

(26)

Principles of economic comparisons

55

(5)

Economic comparisons and inflation

60

(9)

Valuation of an item of equipment

69

(3)

Valuations for longer lives

72

(6)

Determining replacement age

78

(3)

6 Equipment profitability and acquisition

81

(24)

Measuring profitability

81

(15)

Methods of acquisition

96

(4)

Comparison between leasing and purchasing

100

(5)

7 Selection of equipment and hire rate calculation

105

(20)

Introduction

105

(1)

Technical evaluation

105

(1)

The main features of decision making

106

(6)

Calculating the hire rate/rental charge

112

(1)

Cost of capital

113

(1)

Depreciation

113

(4)

Licences and insurances

117

(1)

Establishment charges

117

(1)

Operating costs

117

(1)

The effect of corporation tax and capital allowances

118

(1)

Calculating the economic hire rate

118

(5)

The effects of economic recession on plant hire

123

(2)

PART III Operational management

125

(110)

8 Insurance and licensing legalities

127

(10)

Insurance

127

(5)

Licensing

132

(5)

9 Equipment maintenance

137

(31)

Introduction

137

(1)

Maintenance for hired plant: an essential requirement

137

(1)

Maintenance strategies

138

(1)

Fixed-time-to maintenance

138

(2)

Predictive maintenance

140

(6)

Corrective maintenance

146

(1)

Replacement

147

(1)

Proactive maintenance

147

(4)

Strategy for plant maintenance

151

(2)

Safety inspections

153

(2)

Stock control and spare parts policy

155

(13)

10 Health and safety

168

(20)

Introduction

168

(1)

The cost of health and safety

169

(1)

Accident statistics

170

(3)

Health and safety enforcement and guidance

173

(3)

Health and safety duties

176

(2)

Health and safety management

178

(5)

Risk assessment

183

(4)

Health and safety legislation

187

(1)

11 Investing in off highway plant operator development

188

(16)

Introduction

188

(1)

Cost benefit analysis of training

188

(2)

Operator certification

190

(1)

Differentiating between training and competence

191

(2)

The route to competence

193

(1)

Formal training

193

(5)

On-the-job training

198

(3)

Employee evaluation

201

(3)

12 Operational planning of equipment as a resource

204

(25)

Introduction

204

(1)

Operational planning process

204

(2)

Information management and plant performance study

206

(1)

Data analysis techniques

207

(1)

Correlation (or statistical association)

208

(5)

Linear regression analysis

213

(4)

Time series forecasting

217

(6)

Performance analysis and judgement

223

(2)

Gantt charts

225

(2)

Operational planning quality

227

(2)

13 International operations

229

(6)

Introduction

229

(1)

Logistical problems

229

(1)

Equipment requirements

230

(1)

Supply and delivery

231

(1)

Finance and payment

232

(1)

Conclusion

233

(2)

PART IV Financial and budgetary control

235

(59)

14 Budgetary control and costing

237

(10)

Introduction

237

(1)

Preparation of budgets

237

(1)

Types of budget

238

(3)

Classification of costs

241

(1)

Costing

242

(1)

Other useful management information

243

(2)

Marginal costing

245

(2)

15 Cash flow

247

(20)

Introduction

247

(1)

Cash flows from normal trading operations

248

(10)

Cash flow forecasts for trading operations in equipment hire

258

(2)

Cash flows for the purchasing and acquisition of capital assets

260

(4)

Cash flow management

264

(3)

16 Financial management

267

(16)

Introduction

267

(1)

The profit and loss account

267

(3)

The balance sheet

270

(2)

Loan capital

272

(1)

Working capital

273

(4)

Aspects of the financial accounts

277

(2)

Capital gearing

279

(1)

Plant profitability

280

(2)

Accounting, for inflation

282

(1)

17 Information technology in equipment management

283

(11)

Introduction

283

(1)

IT applications in the management of equipment

283

(4)

Communication and data exchange tools

287

(5)

Global positioning system

292

(2)

Appendix

294

(8)

Bibliography

302

(3)

Index

305

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Management of Off-Highway Plant and Equipment

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Table of Contents

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Management of Off-Highway Plant and Equipment

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