If you’re looking for a new forklift which will provide years of faithful service, rather than just a short-term hire truck to help you deal with busy periods, your first thought may be to purchase one outright.
Owning and operating a forklift truck naturally involves many different costs. There's naturally the upfront cost of the machine itself, or regular payments if it's financed, as well as costs for routine or avoidable service and maintenance, and downtime.
Over the course of its life, the total cost of operation for a forklift truck can be much more than the figure on its price tag.
But by far the biggest cost related to forklift operation isn't actually to do with the truck itself, and it's one you can significantly reduce with some smart decisions - it's the driver.
As anyone who's been responsible for costs in a warehouse knows, order picking is often the most expensive warehouse operation.
Loading and unloading naturally has associated costs, and stacking can be expensive - but neither come close to the cost of order picking.
On 1 January 2019, IFRS 16 Leases will come into effect, and it's going to have a big impact on the material handling industry.