Forklift Fleet Optimization

TLI Forklift Fleet OptimizationPurchasing a new forklift or other material handling equipment can be expensive, but that’s just a fraction of what it costs to operate it efficiently, or inefficiently. Getting the most bang for your forklift buck means understanding the products you move and establishing baseline costs as a start. Here are 10 tips for optimizing your forklift fleet.

  1. Assess your fleet’s total cost. The cost of your forklift or material handling equipment is typically only about 20% of your total long-term cost. Find out what service is costing, parts, labor, break-downs, rentals, additional equipment kept on hand for break-downs, overtime resulting from down time etc… This can be a real eye opener.
  2. Optimize your forklift fleet by material flow. Determining what each piece of equipment is moving, where, when and how often can help you determine productivity and equipment choices. This way you can determine a lift truck’s cost per pallet move, rather than cost per operating hour.
  3. Find an integrated dealer that understands all facets of your business. Work with a company that not only sells equipment but understands all facets of material handling. These types of dealers can provide you with total solutions which encompass all the areas of your material handling operation.
  4. Get out of the service business. Get information and quotes for full maintenance leases from your dealer. You dealer knows your equipment better than you, and can maintain it to be more productive. Full maintenance takes the guess work out of total equipment operational costs by eliminating “surprise” repairs that often occur over time.
  5. If you perform your own service, look into parts programs. Parts availability is key to maintaining uptime, so an effective parts distribution network facilitated through a lift truck manufacturer and its local dealer is essential to keep your fleet running. Some dealers can provide parts for multiple brands and types of trucks. In addition, dealers will sometime consign parts to your facility, further improving your parts availability and uptime.
  6. Stay on top of equipment advancements. Like most facets of business, material handling advancements can improve your operation and productivity. Attend ProMat, stay connected with industry resources and work with a dealer that is on top of providing the latest in material handling products including forklifts, storage and retrieval and material moving equipment.
  7. Look into fleet management. Knowing the cost of operating equipment, where and how it is being utilized is key to allocation efficiency and productivity. Software programs are available that can provide you with this information. Work with a dealer that can provide these solutions to your operation.
  8. Invest in training early and often. Build a robust and active training program. Safety and productivity go hand in hand. Well trained operators and employees are proven to be more productive and safe. Training reduces your product and equipment damage costs, injury, insurance and many other latent costs of fleet and equipment operation.

Optimizing your materials handling operation takes a bit of work. However, working with an integrated materials handling partner will take a lot of the load off your shoulders and help you operate a more efficient and effective materials handling operation.

Give us a call at 800-322-LIFT to speak to one of our material handling professionals.

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BYD Forklift Battery Difference

The BYD battery LiFePO4 (Lithium Iron Phosphate) is different from other types of Lithium battery powered products that have experienced safety issues, usually fire or over-heating. The BYD Iron Phosphate battery differs chemically from the typical Lithium Cobalt Oxide (LiCoO2) used in portable devices and cameras and has been thoroughly tested by BYD for safety.

BYD has subjected its Fe battery to multiple safety tests, from burning, to overheating, dropping, perforation, and crushing. The BYD lithium phosphate battery (Fe) has proven extremely safe, never losing structural integrity nor exploding.

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The BYD Lithium Iron Phosphate battery brings a revolution to the forklift industry, with the ultimate goal of providing a cheaper, cleaner and safer solution to the material handling industry.

Revolutionary cost-saving battery:
No more battery maintenance cost, no more spare battery cost, no more changing battery cost – a one-time investment that benefits your business from day one.

Revolutionary safe battery:
No more acid handling, no more flammable gases, no more manipulation of battery, no more battery maintenance –  a choice to make your business environment and community a better place to work and live in.

Revolutionary long-life battery:
No more battery changing, no more purchases of new batteries – a wise investment that minimizes your operating costs once and for all.

Extremely long life cycle:
The remaining capacity will be more than 70% after 15 years’ operation.

Extremely safe:
BYD the Fe battery does not emit flammable gases (hydrogen nor oxygen) as the other battery technologies do. As a result, explosions caused by gases are a physical impossibility.

Environmentally friendly:
The BYD Fe battery does not contain corrosive acid nor polluting heavy metals, as other technologies do, thus becoming the most environmentally friendly battery available.

Works well in extremely low temperatures:
Whether you work in cold climates or in refrigerated environments, the Fe battery will deliver more energy. As an example, at -40C, more than 60% of the energy stored is usable, which is not the case with the other technologies

BYD is no new player to this industry:
BYD is a high-tech company devoted to technological innovations for a better life. Founded in February 1995, BYD has grown from a start-up with only 20 employees into a global company with 220 thousand employees today. Throughout its 23 years of high-speed growth, BYD has established over 30 industrial parks across six continents and has played a significant role in industries related to electronics, automobiles, new energy and rail transit. From energy generation and storage to its applications, BYD is dedicated to providing zero-emission energy solutions. BYD is listed on the Hong Kong and Shenzhen Stock Exchanges, with revenue and market capitalization each exceeding RMB 100 billion. Learn more about BYD and why their forklifts truly are the future of forklifts in material handling.

See our BYD Electric Forklift line-up.