8 Keys To Managing Your Power Equipment Inventory

Posted by Jack Barry on Thu, Aug 22, 2013

Owning and managing your power equipment inventory can be one of the most important jobs within your business. With such a massive investment in your power equipment, you want those products to operate at an optimal level for as long as possible. In order to maximize your investment in power producing equipment such as generators, engines, and transmissions, you need to be able to manage your inventory so that you are never without their services. You also need to be able to quickly replace units or parts when the inevitable breakdown occurs.

Here are 8 key tips towards managing your power equipment inventory successfully:

  • Too much inventory: Yes, you can have too much inventory. Investing capital into parts and units that will sit on the shelf for years until they get placed into action is not a productive way to spend budgets. The timing is difficult, but you only want power equipment to spare within months of the time when you might need to replace it. When you purchase new equipment, mark the end of its optimal operating time on a long term company schedule and make sure that you are ready to replace that equipment when it begins to operate below peak efficiency.

  • Too little inventory: Never be caught off guard when power equipment breaks down. You should always have an alternative plan and that includes having the parts and the extra units to shift into place when you lose some of your power equipment due to heavy usage. Failing to have this backup plan can shut your whole business down for a critical amount of time.

  • Tracking: Ensure that you have accurate records of your power equipment so that you are always aware of when parts or whole units are expected to begin losing peak efficiency. Be proactive with replacing parts that are getting older with convenience to your schedule before they break down on their own time.

  • Maintenance: Get regular maintenance by qualified experts and do it on a regular basis. Regular checkups will prevent disastrous power outages at critical times.

  • Upgrade: Reinvest in the newest power equipment technologies by selling older units at a reasonable price and purchasing newer units. You avoid sudden downgrades in efficiency by being proactive.

  • Distribute: Share the load of power with multiple units when possible so that you don't "beat a dead horse".

  • Conserve: Don't forget the basic principle of conservation - don't use it when you don't need it. Encourage awareness of downtime for power equipment.

  • Backup plan: Always have ideas for alternatives when managing your power equipment inventory, including emergency operational procedures. It will protect your business from sudden losses.

Depco Power Systems is always easy to contact for questions! We look forward to hearing from you and finding out more about your power equipment needs.

Tags: Tips, Lifecycle Management

    Subscribe via Email

    New Call-to-action
    New Call-to-action

    Latest Posts

    Follow Depco