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"Before Spectrum, our equipment tracking basically
amounted to asking our shop manager 'how much do
you think it costs to keep this piece of equipment?' It
was basically guessing at our equipment costs," said
John Friedel, Baldwin Paving's CFO. "We would assign
those estimates of depreciation, all the repairs, and
maintenance for the equipment to that division and we
would allocate the shop's time to that division. If that
division was making money, then we knew we were
covering the costs of the equipment."
Knowing it was not getting the best financial picture
of its company, Baldwin moved to Spectrum, and with
it came much more robust equipment tracking and
equipment cost functionality.
"I really like what the Spectrum system allows us to
see and understand with our equipment—how much
it costs us to keep a piece of equipment, operating
costs versus non-operating costs, cost of ownership,
etc. What is really important to me is, are we capturing
the costs on that piece of equipment back to the jobs?
That is something we couldn't realize before and that's
where Spectrum really helps us," Friedel said.
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