BEB Industrial Asset Management

Record Breaking Lift Truck Sales….Now What?

iStock_000012806371LargeIn an article published by Modern Materials Handling, “Industrial Truck Association announces record-breaking 2015 North American lift truck sales,” the ITA made its official 2015 sales announcement.  According to sales data, total retail orders across all lift truck asset classes totaled 225,534 units in 2015, and came in as the first year the sales were over the pre-recession level in 2006 with 215,000 units.

So now that we’ve got all these extra lift trucks zipping around warehouses throughout the United States, what now?  How do facilities manage these extra assets while keeping an eye on the rest of their fleets?  During the rest of this post we are going to talk about how you can manage these new assets and take care of your older (and aging) assets all

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TCO – Critical to Fork Lift Fleet Management

iStock_000012806371LargeTotal Cost of Ownership (TCO), while it started off as a management accounting concept, it’s made its way into capital purchasing decisions of all types, including fork lifts.  TCO takes into account all the direct and indirect costs associated with purchasing and owning a forklift, and now more than ever this concept is incredibly important when managing your fleet.  Throughout the rest of this post we are going to explore some of the costs and some of the factors that should be considered when evaluating your TCO for your fork lift fleet management.

Some of these elements include:

Initial purchase price of the equipment Performance (cost per hour to run the equipment) Reliability (up-time vs. down-time) Life expectancy Fuel consumption and replace (LP vs electric) Maintenance costs (oil changes, spark

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Time to Retire Your Lift Truck?

The lift trucks that zip around your facilities each shift are truly the workhorses of your warehouse operations.  They are essential, everyday pieces of equipment used for picking, shipping and receiving, and as much as we’d like them to last forever, there comes a time when their retirement is inevitable.

iStock_000012806371LargeBut when and how you know when it’s time to say goodbye?  It’s always a tough call determining when equipment has reached its economic life span, or the point when operating the lift costs more than the value it provides to your operations.  There are a number of factors to look at when making that decision and some of those include:

Hours of operation Operating conditions Utilization rates Maintenance costs Productivity

Now we are going to discuss some of these in detail.

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