Automated Warranty Tracking: A Powerful Addition to Maintenance Management

Construction Executive Magazine TechTrends – B2W Software’s John Kane explains the financial and up-time advantages of tracking equipment and component warranties automatically with a software-based maintenance management solution.Construction companies that maintain hundreds of pieces of equipment, or even a few dozen, know that optimizing warranty coverage and keeping track of varying warranty requirements and expiration dates for each asset, component and

Construction companies that maintain hundreds of pieces of equipment, or even a few dozen, know that optimizing warranty coverage and keeping track of varying warranty requirements and expiration dates for each asset, component and part can be a full-time job.

Many construction companies are losing tens to hundreds of thousands of dollars from expired warranties and from simply failing to realize which repairs and replacements could be covered. Shop managers, who typically own warranty tracking responsibilities, often are rushed and don’t have the time to update spreadsheets with warranty data, manually pull files or read through all the paperwork. This lack of an automated procedure to track warranty information drains profitability as companies try to get total maintenance and repair costs close to the industry best practice target of 5 percent of total revenue.

Read the article in Construction Executive magazine’s TechTrends e-newsletter