2018 is the year of heavy equipment manufacturing

Heavy equipment manufacturers were faced with both challenges and opportunities throughout 2017.

As 2018 begins, heavy equipment manufacturers have more opportunity than ever to win. This has led to an uptick in equipment orders, so rebuilding crews can help impacted areas get back to day-to-day operations.

It’s imperative that uptime is guaranteed during crises where entire communities depend on heavy equipment to rebuild and underscores how important uptime will be across the industries and verticals in 2018.

Renting heavy equipment, as opposed to owning it, has proven to be an effective way for construction firms to cut costs. This puts pressure on the manufacturers to optimize their service parts inventory management, ensuring they have the parts that are needed in real time.

Telematics systems are widely used in the automotive and heavy equipment industries to alert users to part failure and maintenance alerts. These telematics systems should be integrated into existing ERPs and after-sales service solutions to ensure inventory levels are automatically maintained.

In 2018 and beyond, heavy equipment manufacturers will need to continue to adjust the way that they operate in order to maximize equipment uptime and optimize their service part inventories.

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