Reduce Forklift / Lift Truck Costs, Vancouver, BC

The Total Cost of Forklift Ownership

Increase profits by reducing all direct and related forklift costs.

Reducing your fleet size by only ( 1 ) truck can significantly improve your bottom line.

Direct Costs

• Depreciation
• Interest
• Planned maintenance
• Breakdown maintenance
• Tire maintenance
• Operator damage to forklift

Related Expenses

• Fuel
• Operator wages
• Operator WorkSafeBC premiums
• Operator benefits
• Operator tools and supplies
• Operator supervision
• Operator hiring costs
• Operator administration, ie payroll, filing etc.
• Operator damage to products
• Operator damage to facility
• Operator training
• Exposure to legal costs due to liability risk
• Insurance for forklift
• Liability insurance
• Downtime due to repairs
• Downtime due to poor asset utilization
• Rentals, during major repairs
• Freight to dealer’s shop for major repairs
• Unproductive forklift aisle space ( real estate )
• Unproductive product storage design ( real estate )
• Unproductive product flow
• Management time, ie approving repair bills etc.
• Clerical time, ie coding, filing etc.
• File space ( real estate )
• Cheque processing
• On- site shop ( real estate ), if applicable
• Tools for on-site shop, if applicable
• Parts inventory for on-site shop, if applicable
• Utilities for on-site shop, if applicable
• Unproductive time for resident technician, if applicable
• Emissions - effect on health, productivity and environment
• Ventilation systems for WorkSafeBC acceptable emissions
• Facility electrical capacity for battery charging, if applicable
• Preshift forklift inspections required by WorkSafeBC
• Opportunity cost of placing your capital elsewhere
• Utilization tracking and reporting
• Maintenance cost tracking and reporting