6 Reasons Why You Should Connect Your Assets

17 June 2019

Connecting your assets can have real impact on your bottom line. Here are just a few ways to bring about those benefits:

Keep track of your fuel usage

By reducing idle time, you save on your overall fuel bill. A customer with a D6T that works 250 days in a year burns $5,000 in fuel while sitting idle for just a couple of hours per day. Save your business money with little effort by just reducing your idle time.

Stay on top of preventative maintenance

For every hour you idle, you get one hour closer to your next preventative maintenance service. A customer that works for 250 days in a year and idles for two hours more than they need, will pay for 500 hours of preventative maintenance service a year more than they should.

Save money on insurance

By connecting your asset, you can save money on your insurance premiums. Check with your insurance provider to see how much you can save on insurance by getting connected.

Monitor machine depreciation

For every hour you idle, your asset is depreciating and your residual value is being lowered. By reducing your idle hours, you can recover the highest value possible when you go to dispose of or trade in your asset.

Up your fleet’s productivity

By connecting your asset, you will know where your asset is at all times and what fault codes are coming off your machine. This reduces the amount of time you have to send out technicians to troubleshoot machines, which in turn allows you to be more productive with your time and saves your business money.

Run your fleet more efficiently

By connecting your asset, you can see each hour that your asset is working, which means you will always be able to bill for your productive time.

No matter what type of machine you own or application you work in, connecting your asset is a decision that makes (dollars and) sense.

Finning is the world's largest Caterpillar dealer, selling, renting and providing parts and service for equipment and engines to customers across diverse industries, including mining, construction, petroleum, forestry and a wide range of power systems applications. We operate in Western Canada, South America, and UK and Ireland.