Written on February 10, 2016 at 8:28 am, by BEB
Total 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