Productivity factors to consider when buying tools
While reducing costs is important, providing workers with inappropriate tools can easily become a false economy. Within your tool park, there needs to be a fine balance between initial outlay costs and long-term productivity. There are a number of factors to consider that will help you achieve this balance:
1. Suitability for the job
Equipment selection must be appropriate for the specific demands of the task at hand. This means ensuring suitable tools are provided for the particular site and environment, as well as the job each worker is performing.
2. Ease of operation and maintenance
It’s important to note the operational elements of the tasks being undertaken, as well as how easy the tools are to maintain. Are the tools being lifted overhead? Will workers be near a power source? Are tools likely to overheat? These factors can have a huge impact on jobsite productivity.
3. Lifespan of the tool
Tools with lower upfront costs will likely have a shorter lifespan than higher quality equipment. How much service a tool can provide in relation to its cost is an important consideration.
4. Total cost of ownership
The purchase price is just one cost associated with tool ownership, so it’s worth researching the various other direct and indirect costs too. As well as the initial outlay, other costs include repair, admin, battery replacement, hire, cost of capital and theft. With these additional costs added on, the purchase price may not seem quite as significant.