Properly managing your materials handling equipment can help your company achieve your financial goals.
Review Energy Costs
- Review past, current and projected energy costs
- Develop plan to optimize energy consumption
- Investigate incentives with energy providers
- Leverage and negotiate with energy providers
- Lock in long term cost prior to economic recovery?
Capture Safety Dividends
- Review safety records and insurance coverage
- Insurance Concessions for ergonomic and safety programs
- Operator training
- Abuse oversight and reduction (battery monitoring systems)
Explore Financing Options
Fixed, Adjustable Leases or Loans
- Take advantage of lower short-term interest rates
- Reduce payments and improve cash flow
- Adjustable component indexed to market
- Ability to refinance at pre-determined milestones
- FMV product to help ensure lowest payment
- Benefit for gradual increase in market liquidity through favorable rate adjustment
Improve Balance Sheet
- Off-Balance Sheet Loan Product
- Reduce payment to improve cash flow
- Advance rents
- Off balance sheet accounting treatment
- Customer receives tax benefits of ownership
- State Purchase Option – no premium
- Residual upside when market strengthens
- Remarketing assistance available if required
- Greater control over deal economics
Investigate Purchasing Programs
- Forward order programs
- Lock in prices for future needs
- Parts procurement
- UNISOURCE parts can save money over OEM options
- Consolidate the number of contracted service providers
- Consolidated invoices from each service provider
- Preferred pricing is typically based on volume of business with each service provider
- Additional costs for contracting with multiple service providers
Review Maintenance Options
- Exploring maintenance programs to more align with your revenue stream
- Usage-based full maintenance to:
- Align maintenance cost with actual truck usage
- Pay rates typically based on total number of hours, no calendar term
Explore Fleet Optimization
A fleet management plan should include:
- Hyster Fleet Smart
- Service by experienced technicians
- Preferred parts and labor pricing
- Right-sizing equipment base
- Remove non-productive units
- Re-deployment of equipment
- Within facility or other locations
- Replacing units based on optimum life
- Stop “throwing good money after bad”
Utilize Telemetry Solutions to Monitor Material Handling Assets
Productivity improvements and operator accountability driven by:
- Hyster Tracker wireless asset management
- Convenient access to truck and fleet data
- Drive fleet efficiency, improve operator performance, reduce carbon footprint and lower overall material handling costs
- Intelligence-based management of assets
- Effective alternative compared to utilizing human resources as your source
- Advanced-level monitoring simply cannot be performed by human resources
Implement Fleet Management
- Determine fleet operating costs
- Breakout parts and labor costs
- Monitor fleet utilization
- Develop fleet benchmarking
- Compare maintenance alternatives
Review Parts/Aftermarket Solutions
- Check tires
- The best tire for your application
- Increased tire life
- Remote hour meter readers
- Timeliness of scheduled PMs
- By the hour not by a date
- Remanufactured parts
- Reduce parts replacement costs
- Same warranty as new
- Operator comfort – less product / forklift damage
- Suspension seats, hydraulic accumulators and radial tires
- One-stop shopping
- For all your forklifts regardless of the brand through the UNISOURCE offering