Timely Replacement of Lift Trucks

Replacing older, less efficient lift trucks at the right time can reduce your maintenance costs, improve your productivity and, most importantly, save money and maximize your return on investment. As a result, your profitability goes up. In an economic downturn, there is a tendency to postpone the purchase of new equipment. This may be a costly mistake.

By · October 24, 2012

Replacing older, less efficient lift trucks at the right time can reduce your maintenance costs, improve your productivity and, most importantly, save money and maximize your return on investment. As a result, your profitability goes up. In an economic downturn, there is a tendency to postpone the purchase of new equipment. This may be a costly mistake.

When lift truck fleets are not maintained appropriately or utilized efficiently, downtime increases, productivity is reduced and you end up spending money when you should be making money. This affects your bottom line when more money is being spent on a poorly maintained fleet that doesn’t perform as cost effectively as it should. So how do you determine the right time to make a new, significant purchase?

image


Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Article Topics

Fleet Management · Hyster · Lift Trucks · · All Topics
Latest Whitepaper
Mobile Solutions: Improving Supply Chain Efficiencies
To meet customer's ever-increasing service expectations and improve their business efficiency, companies are looking to their supply chain operations – especially material handling and warehouse operations managers.
Download Today!
From the January 2017 Issue
The lighting manufacturer reaped savings by reducing maintenance costs and product damage, and using labor more productively. The bottom line: A two-year ROI.
Double Up on Labor Efficiencies
7 Warehouse E-commerce Best Practices for 2017
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2016 Warehouse/DC Operations Webcast: Confronting omni-channel complexity
During this webcast we’ll examine the current activities, trends, and best practices in warehouse and DC operations management and how companies plan to address complex issues associate with omni-channel fulfillment.
Register Today!
EDITORS' PICKS
Using AGVs at LEDVANCE
The lighting manufacturer reaped savings by reducing maintenance costs and product damage, and using...
System Report: Sustainable Distribution at REI
Specialty outdoor retailer REI’s new distribution center brings together the next generation of...

System Report: Whirpool puts mobile robots to work
In Whirlpool Corp.’s Clyde, Ohio, factory, mobile robots have automated the delivery of parts to...
Modern Materials Handling’s 2017 Casebook Collection
The 2017 Casebook features more than 35 case studies that put the spotlight on successful innovation...