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In any material handling environment, it is vital to track all costs effectively, including those you don’t always see. Some costs are transparent, such as bills, staff, cost of materials and equipment. However, the biggest losses aren’t the most obvious ones. Hidden costs can be found in idle trucks, inefficient routes, wasted energy and unplanned downtime that result in inefficiencies and in turn, impact on costs.
What are these hidden costs?
- Under-utilised equipment: Trucks sit idle while others are overloaded, leading to overspending on fleet costs and maintenance.
- Impacts and accidents: Forklift impacts and accidents lead to unexpected downtime, costly repairs and potential injuries to operators.
- Inefficient operator behaviour: Extended travel times, idle periods and excess fuel consumption.
- Unexpected downtime: sudden unexpected breakdowns and damage can lead to costly delays
- Excess energy and fuel consumption
But how can you expose these ‘hidden’ costs to ensure they don’t impact your operation? That’s where fleet management technology comes in…
How fleet management solutions can help
Introducing an effective fleet management solution can turn forklift into real time data sources, giving you the insights to observe where the inefficiencies lie and apply the solutions to fix them.
- Utilisation dashboards expose wasted capacity and help right-size the fleet.
- Impact detection identifies who, what, and where instantly.
- Operator performance insights highlight training needs and boost consistency.
- Predictive maintenance alerts prevent breakdowns before they happen.
- Live notifications keep supervisors ahead of any issues
- Battery management ensures battery usage is optimised
- Pre-operational checks ensure any safety concerns are addressed before accidents happen.
By opting for a connected fleet, hidden costs are exposed, and in turn become opportunities for growth. Allowing higher levels of productivity and a more profitable operation.