Season 2 · Episode 83
Mastering Equipment Costs - Part II : Equipment Operating Expense (EOE)
August 7, 202540m 17s
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Show Notes
Keaton Turner explores mastering equipment costs, sharing insights from his experience. He tackles challenges like Equipment Operating Expenses (EOE) variability, idling implications, and calculating EOE by asset ID. Keaton discusses environmental fees, the importance of cost preparation for project bidding, and dispels equipment cost myths. He also provides a real-life example of equipment longevity and emphasizes the role of machine costs in business success. The episode concludes with a teaser for what's next.
(0:40) Introduction to mastering equipment costs
(1:45) Welcoming new listeners
(2:08) Learning from experience in equipment costing
(3:03) Challenges in equipment costs and EOE
(7:55) Variability in EOE
(9:10) Idling equipment costs
(12:33) Calculating EOE methods
(17:49) Logging costs by asset ID
(19:37) Environmental fees challenge
(28:25) Preparing costs for project bidding
(34:06) Understanding costs over strategy
(35:48) Equipment cost benchmarks and misconceptions
(38:21) Real-life equipment longevity example
(39:04) Importance of machine costs for business success
(39:35) Conclusion and next episode teaser