The 80/20 Rule Still Applies: On average, over the life of your equipment, only 20% of it's cost is ownership. Approximately 80% of the total costs are operating cost. Knowing your cost per hour and maintaining a correct planned maintenance schedule will help reduce your overall costs.
Consider the facts: Only 6% of the companies that have fleets know their maintenance cost per hour, and only 2% of these companies have an information system that tracks labor, parts and utilization by Asset. And who in your company really has the time or knowledge to hold your servicing company accountable for items such as labor hours, parts, repair intervals, planned maintenance intervals, trouble-shooting, consumable charges, warranty charges and more?