{"id":21,"date":"2013-06-03T09:17:00","date_gmt":"2013-06-03T01:17:00","guid":{"rendered":"http:\/\/localhost:8888\/hydraulicsupermarket.com\/blog\/uncategorized\/big-hydraulics-question-1-wheres-the-profit-in-this\/"},"modified":"2016-11-15T15:28:25","modified_gmt":"2016-11-15T07:28:25","slug":"big-hydraulics-question-1-wheres-the-profit-in-this","status":"publish","type":"post","link":"https:\/\/www.hydraulicsupermarket.com\/blog\/all\/big-hydraulics-question-1-wheres-the-profit-in-this\/","title":{"rendered":"Big Hydraulics Question #1: Where\u2019s The Profit In This?"},"content":{"rendered":"

\"bigFive years ago I wrote a special report outlining the six most costly mistakes hydraulic equipment users make when it comes to maintaining their hydraulic equipment, and started giving it away at: www.hydraulicsupermarket.com<\/a><\/p>\n

If you have read it, you\u2019ll likely be aware that I actively solicit feedback from everyone who downloads it. I make a point of reading all and replying to most. And it makes for interesting reading. But this response I received just a couple of weeks ago is a standout:<\/p>\n

\u201cYes the points were useful… It spurred me to order a temperature gauge for my excavator to monitor the temperature of the oil during sustained rock-breaking.<\/em><\/p>\n

As far as oil changes go, the dealer has the oil analyzed at each service and I am given a copy so the changes from service to service can be seen.<\/em><\/p>\n

The filter [continuous monitoring of pressure drop] I believe is irrelevant as the time and effort to determine if it is nearly blocked or barely blocked would be more than the cost of a new filter. With these things I believe it is easy to devote much of your time with no attributed value, to worry about things which are relatively cheap compared to the labor component of servicing.\u201d<\/em><\/p>\n

In case you\u2019re scratching your head wondering why I\u2019ve singled this out for special mention, here\u2019s why:<\/p>\n

This hydraulic equipment owner didn\u2019t just read the report. He considered it, applied it to his unique situation and then took appropriate action:<\/p>\n

\u201cIt spurred me to order a temperature gauge for my excavator to monitor the temperature of the fluid during sustained rock-breaking.\u201d<\/em><\/p>\n

VERY smart move. Particularly when you consider that a rock-breaker is a very effective oil heating device. He didn\u2019t only join the dots on this \u2013 he acted on it by ordering an oil temperature gauge.<\/p>\n

You can see this machine owner\u2019s mind working in the rest of his feedback:<\/p>\n

\u201cAs far as oil changes go, the dealer has the oil analyzed at each service and I am given a copy so the changes from service to service can be seen.\u201d<\/em><\/p>\n

He reckons he\u2019s got this one covered. And he presumably changes his hydraulic oil when it needs to be changed based on oil analysis \u2013 not on hours in service.<\/p>\n

\u201cThe filter [continuous monitoring of pressure drop] I believe is irrelevant as the time and effort to determine if it is nearly blocked or barely blocked would be more than the cost of a new filter.\u201d<\/em><\/p>\n

His call, not mine. But for his machine, changing the filters on hours in service rather than on condition may be the right call \u2013 provided they don\u2019t go on bypass first of course.<\/p>\n

He goes on to justify his decision this way:<\/p>\n

\u201cWith these things I believe it is easy to devote much of your time with no attributed value, to worry about things which are relatively cheap compared to the labor component of servicing.\u201d<\/em><\/p>\n

Can\u2019t argue with that. You should never spend a dollar on preventative or proactive maintenance that you won\u2019t get back \u2013 with interest \u2013 that is, with an acceptable return on the investment made (ROI).<\/p>\n

Of course, in these matters, ROI comes about through increased component life, improved reliability, fewer breakdowns and less downtime. And the long-run nature of these returns can sometimes make these \u2018investment decisions\u2019 hard to call.<\/p>\n

But the main reason I\u2019m discussing this machine owner\u2019s response to my six mistakes report here, is not to critique or second-guess his decisions. It\u2019s because he took the information and used it to \u2018run the ruler over\u2019 his current status quo. And then took action where he determined it was most he needed. To profit from the information presented to him.<\/p>\n

And, by the way, without knowing the specifics of his machine, the one thing he did take action on (continuous monitoring of hydraulic oil temperature) is \u2013 based on 80\/20 thinking (80% of the problems are caused by 20% of the possible causes) \u2013 probably the one he\u2019ll get the greatest return on.<\/p>\n

You see, most of the feedback I get about my six mistakes report falls into four categories:<\/p>\n

\u201cI knew that\u201d,<\/p>\n

\u201cI didn\u2019t know that\u201d,<\/p>\n

\u201cI agree with that\u201d or<\/p>\n

\u201cI don\u2019t agree with that\u201d.<\/p>\n

There\u2019s NO profit in any of these.<\/p>\n

It is always beneficial to learn something you don\u2019t know. But the most important question to ask yourself when presented with information relevant to your main business or profession is:<\/p>\n

\u201cHow can I apply or use this for profit?\u201d<\/p>\n

I can lay the information out in front of you. But this part is up to you. So in this sense, my “Six costly mistakes report” is not just something to read: it\u2019s something to do. Download it here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Five years ago I wrote a special report outlining the six most costly mistakes hydraulic equipment users make when it comes to maintaining their hydraulic equipment, and started giving it away at: www.hydraulicsupermarket.com If you have read it, you\u2019ll likely … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21","post","type-post","status-publish","format-standard","hentry","category-all"],"_links":{"self":[{"href":"https:\/\/www.hydraulicsupermarket.com\/blog\/wp-json\/wp\/v2\/posts\/21","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hydraulicsupermarket.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hydraulicsupermarket.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hydraulicsupermarket.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hydraulicsupermarket.com\/blog\/wp-json\/wp\/v2\/comments?post=21"}],"version-history":[{"count":1,"href":"https:\/\/www.hydraulicsupermarket.com\/blog\/wp-json\/wp\/v2\/posts\/21\/revisions"}],"predecessor-version":[{"id":1309,"href":"https:\/\/www.hydraulicsupermarket.com\/blog\/wp-json\/wp\/v2\/posts\/21\/revisions\/1309"}],"wp:attachment":[{"href":"https:\/\/www.hydraulicsupermarket.com\/blog\/wp-json\/wp\/v2\/media?parent=21"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hydraulicsupermarket.com\/blog\/wp-json\/wp\/v2\/categories?post=21"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hydraulicsupermarket.com\/blog\/wp-json\/wp\/v2\/tags?post=21"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}