July 14, 2022
Noon – 1:00 p.m. Eastern
A new mixer. A new fleet of trucks. A new software program. That much-needed plant expansion. Capital expenditures such as these are necessary to stay competitive and keep up with demand. Many companies are considering that large purchase but may be unsure if it’s the right time and may not be aware of all the factors and risks that come with making a considerable capital expenditure. During this session, we will discuss how to see the most accurate job costs by defining and tracking the various costs of ownership and operation of equipment and systems on hand. We will talk about how having this information can help with that decision to add, upgrade or replace vital equipment. Additionally, we will discuss when to rent or buy equipment, the right time to invest in upgraded equipment and planning for major capital investments in this economy.
At the conclusion of this course, you will be able to:
- Identify the key things to consider prior to making that next large purchase.
- Explain best means to having the most accurate job costs to analyze potential purchases.
- Describe situations where it may be best to rent equipment rather than buy.