3 Ways to Reduce Costs by Properly Monitoring Your Forklift Fleet

Is operating your forklift becoming an expensive commodity? Are you trying to derive how and when you can maximize savings while minimizing impacts to operations? There is good news! There are many steps you can take to appropriately and effectively monitor your costs of your forklift fleet. In doing so, you can implement creative solutions geared to slash overhead and drive savings. Bottom Line Concepts expense reduction service can help you save the most money and see where you can cut cost. Routing, operator behavior, and optimal utilization are just a handful of ways you achieve this. Here is how you can integrate these efforts in the next big project when you place any forklift to work:

1) Routing – According to TotalTrax, poor routing can cost you.  A suggested course of action is to enable warehouse routing that integrates and hones real-time knowledge from fleet, inventory, and employee performance. Not being able to determine the most efficient and expedient routes to move goods and items can cost any business immensely. Experts decree that determining where the biggest routing challenges emerge and addressing them accordingly will save both time and money. Utilizing GPS and supply chain management software can help address this matter, as users can identify bottlenecks in logistics and determine if inventory is optimized is in its present location.

2) Operator Behavior – As has been championed in many other blogs and posts, accidents are catastrophic and more often than not they are preventable. Operator behavior plays the biggest role in creating a conducive environment for an accident or incident to occur. Some suggested courses of action to mitigate such an event includes setting speed limits, enforcing compliance, raising safety awareness, and monitoring the driving behaviors of operators themselves. In many instances, prohibiting the use of any electronic devices that can distract an operator would be prudential in also fostering ideal operator behavior. The results of such initiatives can reduce costs by thousands of dollars.

3) Inefficient Utilization– Another fundamental and core competency of material handling is assuring effective and efficient utilization of any forklift fleet. Failing to do so can result in significant losses. Some of the most wasteful practices and behaviors can bring forth such an outcome. The good news is they can also be readily avoided. A suggest methodology to improve utilization is integrating the use of telematic monitoring systems. These interfaces are all inclusive and feature a wide range of applications and programs to assure proper usage. On the dashboard, any user can review systemic analysis to identify matching patterns and understand vehicle allocation, maintenance management, operator compliance, and training regimes. Platforms such as CommandPulseDX, have emerged as a premier option to help businesses achieve resourceful routing, optimal fleet utilization, and exemplary driver conduct.

While there are many ways to increase ROI and limit expenditures on any forklift, there are a few proven practices that have illustrated the ability to make prolific impacts. Assuring proper utilization of the fleet, as well as promoting safe and compliant operations are two ways to limit liabilities and prevent risk. Complementing these two practices with smart logistical improvements and continuous monitoring, any business can save thousands by changing their practices in the simplest of ways.

About Tom Reddon

Tom has been involved in the forklift industry since 1986. He loves doing research, blogging, and speaking about forklifts. You can contact Tom on his Twitter or Google+ profiles.

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