Yellow Iron, Black Smoke

Getting Traction with Equipment Improvements

Michael Kelley and Mike Vorster interview Craig Gramlich from Lonewolf Consulting about his experience in equipment management.

The CFO's Role in Equipment Management

In this episode Michael Kelley and Mike Vorster meet with Richard King, CFO of Schlouch Incorporated, to discuss the CFO's role in equipment management.

Mike Vorster - We See You

Michael Kelley interviews Mike Vorster about his past and how he got to where is is now. They discuss the start of the CEMP method and how it grew over the years.

End of Year Story Time!

2022 is over and our office is very busy with end of year tasks. Michael decided to share one of his favorite childhood stories with his son for today's episode. Happy New Year everyone!

Joint Ventures, Hurricanes, and Big Fleet Management

Michael Kelley and Mike Vorster are joined by Thad Pirtle, former fleet manager with Trailer Brothers. They discuss the pros and cons of joint venture projects, the importance of safety on the job sits, and other stories from his many years at the company.

Visualization - How to Look at Data

Michael Kelley and Mike Vorster go in depth on how to collect data in the field and how to use it.

Michael Kucharski - Sales in the Equipment Industry

In this episode, Michael Kelley and Mike Vorster interview Michael Kucharski about his experience in sales in the Equipment world.

Utilization in the Field - How its Done by Industry Experts

On this episode Leigh Tapani and Jason Halme join Mike and Michael to give their two cents on utilization in the current unpredictable market.

Be Proactive! Solve Equipment Problems Before They're Problems

Michael Kelley and Mike Vorster discuss the final chapter of Mike's book which covers some of the most important aspects of equipment management and the culmination of the previous chapters' foundation.

Reliability: The Granddaddy of all equipment metrics

Decision Making: Ask Why 5X and Consensus

In this episode Mike and I discuss decision making philosophy and strategies

Utilization (Make sure your asset is an asset)

In this episode, Mike Vorster and I discuss equipment utilization and what it means to make sure that your equipment assets aren't actually liabilities. Other highlights: - understand where utilization waste is coming from - have a single source of truth for your meter readings - utilization is a lead indicator for fleet costs and ownership recover

Thinking like an investor: Rebuilds, replacement, rentals and CAPEX

In this episode, Mike Vorster and I discuss rebuilds, replacements and what it means to think like an investor in fleet management. The conversation is based around theory from Mike's book - Construction economics V2 check it out at http://cempcentral.com/

Fleet and Management and Optimum Ownership Period

Budgeting and cost management (It's no good knowing something if you don't do something about it)

In this episode, Mike Vorster and I talk about budgeting, earned value, cost management and planning for the future. We're covering material from Mike's overhauled book, Construction Equipment Economics, V2. Be sure to check it out at cempcentral.com .

Rate Calculations

In today's episode Mike and I talk about rate calculations, estimations, and important concepts of Chapter 6 in Mike's overhauled book, Construction Equipment Economics V2 . Be sure to check out the book at cempcentral.com/book

Owning and Operating Costs: Understanding the Curve

In today's episode Mike and I cover ownership and operating costs and how they impact your equipment fleet and financials. The converstion covers Chapter 5 of Mike Vorsters overhauled Construction Equipment Economics V2 book. Be sure to check out the book at cempcentral.com

Profit Centers, Capital and Responsibility Accounting

Themes and questions Mike Vorster and I explore in this episode: - Technology and the value of simplicity - Should equipment be a profit center? - How often should rates be recalibrated? - Importance of competing profit centers - Capital Modeling - How can responsibility accounting impact your equipment fleet? Story: Importance of measurement: learn to fly by instrument

Costing Insights: Owning & Operating Costs

In this episode, Mike Vorster and I will dive into chapter 3 of his new book: Construction Equipment Economics version 2. We focus on operating and ownership costs and the critical distinction between the two. Be sure to check out the book on Mike's website at CEMPCentral.com

Equipment and People Processes

Professors, books, and yellow iron

Today, I'll be talking to Mike Vorster, founder of the CEMP way of equipment management and author of Construction Equipment Economics about equipment management, the first chapter of the upcoming sequel to Construction Equipment Economics and entrance into construction and equipment.