Mike Vorster has teamed with Caterpillar to record a web-based training course on asset management.
The course, “The Fundamentals of Equipment Economics,” is designed to help “construction business owners and fleet managers reduce equipment costs, extend and optimize machine life, and ultimately improve profitability through proven, data-driven principles,” according to Caterpillar.
Vorster is a contributor to Construction Equipment’s Equipment Executive and the CE Executive Institute. He has more than 50 years of experience as a construction site engineer, consultant, author, and educator. He is the author of “Construction Equipment Economics,” an academic advisor to the Association of Construction Equipment Managers, and a +20-year member of the National Academy of Construction.
His book has been reworked, and the new version will available at the end of June.
The eight-part online program is offered by Caterpillar University and is designed to teach essential skills and best practices for:
- Predicting and managing owning and operating costs
- Determining when to repair, rebuild or replace a machine
- Measuring the value of reliability and utilization, and
- Mastering quantitative tools and advanced economic concepts
“Our customers are always looking for innovative ways to run their business,” said Fred Rio, worldwide product manager for construction digital & technology division, in a prepared statement. “This course provides customers with an opportunity to learn the principles necessary to maximize equipment life and improve their bottom lines.