Finding and procuring heavy equipment and machinery continues to be a challenge for many industries. Supply chain issues and rising costs aren’t going away, making it difficult for many operators to find and purchase the right equipment for their needs.
These challenges make it more important than ever to be sure you are buying the right size equipment for your needs – a practice referred to as right sizing.
When it comes to heavy equipment or machinery, right sizing is essentially the process of procuring the right piece of equipment for the job, rather than grabbing something larger than needed, or settling for a smaller machine than the application demands. It may seem like common sense, but far too often operations are faced with choosing a machine that isn’t the right size based on availability, cost or necessity.
Right sizing is key to successful and cost-efficient operations. If you purchase or rent a machine that is too small for the job, you are likely to encounter difficulty completing the task. At best, the job will take far longer than it should, which eats into your schedule and profits.
On the flip side of the coin, if you get a machine that’s too large for the application, you may run into access issues, or have trouble moving the machine easily around the job site. You may get the job done – and quickly – but the inconvenience and extra expense of an unnecessarily large machine may not be worth it.
Right sizing of equipment and heavy machinery offers many benefits, including:
Deciding between a lease or rental isn’t always easy as they both offer pros and cons and are each great alternatives to being without a critical piece of equipment in this chaotic market. There are some factors to consider when weighing your options.
First, consider the length of your needs. If you need a machine for a big job, a lease may be better. If you expect to use the equipment for smaller jobs, or more sporadically, rental agreements may be better.
Cost is another important factor. Rentals will likely cost you more per day but come with a reduced commitment. Leases are more affordable per day, but may include some other costs, including expenses for early return of the equipment or for hours used in excess of the lease’s limit.
Maintenance is another factor to consider. In a short-term rental, you may not be required to perform preventive or routine maintenance. During a lease, you will likely be required to perform maintenance on the equipment as though you owned it.
Insurance should also be considered. When leasing, you will likely be responsible for insuring the equipment against damage or theft. When renting, you may not have to carry this coverage on your own. However, the cost of this coverage may be included in the rental expense.
Selecting the right machine for your unique application isn’t always easy. There are many factors to consider, including:
With so many factors to consider, it can be helpful to consult an expert for help selecting the right equipment for your job.
Identifying the right sized machine for your job isn’t always easy. Nor is finding and producing the machine once you know what you need. Our experts at RMS are here to provide the experienced insight you need to identify the machine for your job.
We’re focused on helping you get exactly what you need and will never encourage you to purchase a machine that doesn’t fit your exacting needs or budget. From machine capabilities to maintenance requirements, we provide the comprehensive insight you need to make informed choices on your heavy equipment and machinery purchase or rental.
The pandemic has brought with it new challenges and supply chain issues across a variety of industries. Construction equipment is no exception. Click the video below to learn what you can do to mitigate these issues.