Heavy Highway Contractor

If you've been seeking standards or KPI's to benchmark and improve your heavy equipment fleet's performance, I'm pleased to share that the Heavy Equipment Comparator survey went live yesterday.  CFMA has partnered with the Association of Equipment Management Professionals (AEMP) to develop the Heavy Equipment Comparator.  The Comparator is the result of over a two year collaboration between CFMA and AEMP members and staff to select KPI's to measure significant factors and the resulting metrics which drive successful heavy fleet performance.

The Heavy Equipment Comparator will:
  • Provide a set of 32 KPIs to help measure your heavy fleet's performance and costs across 9 categories - cost, utilization, planning & scheduling, labor efficiency, financial, inventory efficiency, preventive & predictive maintenance, reliability, and safety
• Provide performance benchmarks to measure progress
• Improve collaboration among construction financial professionals and fleet managers
• Establish common terminology and standards to help financial and fleet managers identify issues, make adjustments, and improve fleet productivity and results

We hope that you'll participate as the more of us who do, the greater the value to you, your company and the industry!  If you have questions on the KPI's, how to gather and prepare data for the survey or how you'll be able to use the survey results, there is a webinar on November 2nd at 3pm ET (noon PT).  You can also feel free to ask questions here - a number of us who were on the project team will be available to answer your questions.

Thanks, --Rich

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Richard King CCIFP, CPA
CFO
Schlouch Incorporated
Blandon PA
(610) 926-7070
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Thanks for sharing Rich.

I am also looking forward to the webinar on the subject 11/2/22.
The Heavy Equipment Comparator: Standardization of Fleet Metrics -- A Partnership between CFMA & AEMP



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Cindy Nelson-Walters CCIFP
Management Professional
Great Lakes Water Authority
Northville MI
(313) 418-4423
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Original Message:
Sent: 10-18-2022 11:04
From: Richard King
Subject: Heavy Equipment Comparator

If you've been seeking standards or KPI's to benchmark and improve your heavy equipment fleet's performance, I'm pleased to share that the Heavy Equipment Comparator survey went live yesterday.  CFMA has partnered with the Association of Equipment Management Professionals (AEMP) to develop the Heavy Equipment Comparator.  The Comparator is the result of over a two year collaboration between CFMA and AEMP members and staff to select KPI's to measure significant factors and the resulting metrics which drive successful heavy fleet performance.

The Heavy Equipment Comparator will:
  • Provide a set of 32 KPIs to help measure your heavy fleet's performance and costs across 9 categories - cost, utilization, planning & scheduling, labor efficiency, financial, inventory efficiency, preventive & predictive maintenance, reliability, and safety
• Provide performance benchmarks to measure progress
• Improve collaboration among construction financial professionals and fleet managers
• Establish common terminology and standards to help financial and fleet managers identify issues, make adjustments, and improve fleet productivity and results

We hope that you'll participate as the more of us who do, the greater the value to you, your company and the industry!  If you have questions on the KPI's, how to gather and prepare data for the survey or how you'll be able to use the survey results, there is a webinar on November 2nd at 3pm ET (noon PT).  You can also feel free to ask questions here - a number of us who were on the project team will be available to answer your questions.

Thanks, --Rich

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Richard King CCIFP, CPA
CFO
Schlouch Incorporated
Blandon PA
(610) 926-7070
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