Thursday, May 31, 2012

Remember - Seasonal Maintenance

Memorial Day weekend has passed and we are now entering the summer season. What does this mean for asset management? It is time to make sure that the seasonal maintenance and upkeep is completed to avoid inefficiencies in your physical operations. More plainly stated - save money by doing your maintenance.

Facilities are in the process of changing over between heating and cooling often, as temperatures vary during this season in most areas of the country. Are your systems up to the task? Are you behind the curve when it comes to preparations for seasonal spikes? Is your infrastructure outdated, or maybe with the recent budget cuts you skipped a maintenance cycle? Now is the time to get things back on track.

Back-up generators become critical in storm season. Is your system ready for the tantrums that mother nature throws at this time of year? When is the last time you actually did a load test on your emergency power system?

Vehicles also need to be evaluated with seasonal change. Did you know that the change in temperatures in most temperate climates can create up to 5% change in your tire air pressure? That has a dramatic effect on fruel economy and on tire wear.

Engine air filters and cabin air filtration systems also need to be maintained seasonally. Poor air flow in either system robs the vehicle of efficiencies that will cost real dollars at the gas pump.

Take a few minutes and look at the equipment and assets you use in your business and life everyday. Make sure they are up to date and maintained properly. your bottom line will show the results.

Reynolds Asset Management

Friday, May 18, 2012

Don't Overlook the Easy Money

How many people throw away the attachments in the utility bill without ever looking at them? How about the notes on the service receipt from your garage after having a vehicle serviced? You may be throwing away money!

Many of us sometimes forget that there are experts in these fields that can offer advice that is capable of saving us money, and improving the efficiencies of our home, business, or vehicles. I recently took a look at the materials included in my utility bill and was reminded of a few ideas that could save me some hard earned cash with almost no initial cost. Now imagine the possibilites if we can get all our neighbors and friends to do the same...

In today's world, savings at home or at work are probably not going to come in huge increments. Those big dollar items have more than likely already been implemented. Now we need to look for the little savings that will add up over time. Sometimes they may just be handed to you from one of your service providers - don't throw them away.