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Fleet Utilization Widget
This article goes over the Fleet Utilization Widget in Elite. For more information on widgets see our article Widgets.
Topics in this article include
Adding the Fleet Utilization Widget
To add this Widget, go to your Dashboard Settings and click on Add Widget. Under Inventory, you can choose Fleet Utilization. For more information on this see article Widgets.
Once it was been added, this is how it looks.
Report View
In the report view of the widget, you can view more information. For example, it displays Hours Rented, QTY Owened, Total OEC, to name only a few. You can also click on the Cog Wheel to view additional information.
You can also export information into a PDF or Excel spreadsheet.
Calculations
Below are the calculations used to generate values.
- On Rent Utilization is the total units on rent divided by the Total Unit Owned (On Rent Ut = total units on rent / Total Units Owned).
- OEC Utilization or Original Equipment Cost Utilization is the original equipment cost of the units on rent divided by the total OEC of Units Owned (OECUtil = Original equipment cost of units on rent / Total OEC of units owned). Also, the reason for the $ Util is that you may have a high % of quantity rented, but when you look at the dollar value rented it could be a lot different. For example, if you owned 1 Bobcat for $10,000 and 15 keys for $1.00 each. The total quantity owned is 16. Lets say you had all 15 keys on rent. The utilization would be 93%. However the $ util would be $15 on rent / 10,015 total oec = .15%
- Dollar Utilization is the revenue of an item compared to the Original Equipment Cost of that item.
- Time Utilization is the comparison between the hours out of the items and the hours available in a period.