This term is used in business to refer to the cost related to maintain or update equipment in a company. The most common asset that requires regular maintenance are vehicles and work trucks. In addition, office and plant equipment require regular and long term forms of maintenance to keep them operating at peak efficiency.
In any industry, especially transportation, it is essential for the owner of a business to understand how much it costs per mile to operate his vehicle, trucks or fleet. The formula looks simple and in […]