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Do You Know the Economic Lifecycle of Your Company’s Toyota Forklift?
Do You Know the Economic Lifecycle of Your Company’s Toyota Forklift?
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Home Page > Business > Industrial > Do You Know the Economic Lifecycle of Your Company’s Toyota Forklift?
Do You Know the Economic Lifecycle of Your Company’s Toyota Forklift?
Posted: Sep 01, 2010 |Comments: 0
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Do you know the economic lifecycle of your company’s Toyota forklifts? By understanding and assessing the physical and economic lifecycle of a forklift, your company could potentially save money and make educated decisions on repairs and replacements.
Westquip–Toyota’s authorized forklifts dealer for central and western Oklahoma–is the best company in the industry to assess the physical and economic lifecycle of your forklift fleet. They are experts in formulating a program that can optimize the usage of your company’s current Toyota forklifts and help you decide which of your aging forklifts need to be replaced.
Physical Lifecycle of Toyota Forklifts
Assessing the physical lifecycle of a forklift is dependent on the hourly usage, the operating environment and how well the forklift is maintained. The physical lifecycle of a forklift can be extended indefinitely when routine maintenance is scheduled and conducted and repairs are made as needed. A new Toyota forklift, well maintained, can last over many years and even exceed 20,000 hours before the cost of maintaining the machine substantially increases.
Economic Lifecycle of Toyota Forklifts
There are several determining factors that are used to calculate the overall cost of owning a forklift. These factors include the capital costs, maintenance, abuse/misuse, fuel, and the hourly wage and benefits for the forklift operator. Maintenance costs should only be a small percentage of the overall operating expenditures.
The cost of maintenance increases each year that a company keeps a forklift past the optimum time to sell, which can vary greatly due to the operating environment and how well the equipment is being maintained. There is a point where the forklift has exceeded its economic lifecycle due to the fact that the escalating costs of maintaining the older and it’s reduced productivity related to new equipment exceeds the cost of replacing it. This can be quantified by keeping good historical records of the costs to own and operate existing equipment compared to the true cost to purchase new forklifts. Leasing versus buying should also be part of this complex equation.
Toyota Forklift Lifecycle Guidelines
Due to the great differences in the actual operating environments and hourly usage per year, there is no good rule of thumb on the number of years of ownership. On hours of operation, a Toyota Forklift’s economic life can be anywhere from 10,000 hours to 20,000 hours, depending on repair history. In a clean environment, with excellent maintenance and with non-abusive operators, a Toyota forklift can have an economic life cycle up to 20,000 hours.
As a leading expert for Toyota forklifts, Westquip is the best company in the industry to assist you in assessing the physical and economic lifecycle of your company’s forklifts.
Westquip is an authorized dealer of Toyota forklift parts for Central and Western Oklahoma. They are a full line supplier for all your material handling needs, including: new and used forklifts, forklift rentals, forklift repair services, Toyota forklift parts and all types of quality warehouse and loading dock equipment. Visit www.westquip.com today to find the Toyota forklift products and services that meet your company’s specific needs.
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Heather Preston Toyota Forklifts Westquip is an authorized dealer of Toyota forklifts for central and western Oklahoma. We are a full line supplier for all your material handling needs including: new and used forklifts, forklift rentals, forklift repair services, forklift parts and all types of quality warehouse and loading dock equipment.
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Heather Preston Toyota Forklifts Westquip is an authorized dealer of Toyota forklifts for central and western Oklahoma. We are a full line supplier for all your material handling needs including: new and used forklifts, forklift rentals, forklift repair services, forklift parts and all types of quality warehouse and loading dock equipment.
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Posted in Info | 
Tags: business, California, Cesar Marlo M Riveral, Company's, Economic, Forklift, Helen Walkerl, Industriall, Jackson, know, Lifecycle, page margin, San Jose, toyota, toyota forklift, toyota forklifts, UK | 
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The CFO Show
Dewitt, NY – October 6, 2009: The new issue of MHEDA Edge is now available on the Web at http://www.wikimheda.org. One of the centerpieces of the current issue is an article called “The CFO Show”
On the heels of the rockiest year in recent history, October marks the beginning of a brand new fiscal year for many material handling businesses. As a slow recovery begins, it’s crucial that young professionals in the material handling industry understand their pivotal role in the process.
To aid in the effort, MHEDA Edge sat down with a dream team of material handling CFOs to find out exactly what young professionals need to know about managing a dealership during uncertain times.
Featured in this article are CFOs Dave Tumbas of Hy-Tek Material Handling, Dan Reed of Carolina Handling, Steve Koscik of Welch Equipment Company, Doug Simcox of ProLift Industrial Equipment, John Gorman of CMH Services, Michael Vaughan of Liftech Equipment Companies, Kevin Rusin of McKinley Equipment Corporation and Hal Latham of Toyota Forklifts of Atlanta.
The subjects covered by our CFOS are broad and diverse. Topics covered include expense reporting, speaking the language of accounting, finding areas of opportunity, driving profit performance, managing from the bottom line and more.
To find out all the details of the conversations, visit http://www.mhedaedge.org and check out MHEDA Edge, the foremost online magazine for young professionals in the forklift, storage and handling, conveyor and general material handling industries.
For more information, contact Dan Vest, Editor of The MHEDA Edge, (315) 445-2347, e-mail: dan@datakey.org.
About MHEDA
Founded in 1954, the Material Handling Equipment Distributors Association (MHEDA) is the premier source for manufacturing knowledge, education and networking. Through its member journals (www.TheMhedaJournal.org), e-magazines, newsletters, and industry wiki (www.wikimheda.org), MHEDA connects the manufacturers of storage and handling, lift trucks and conveyor equipment and distribution leaders for the purpose of delivering optimal solutions to the users of those products. MHEDA publications are the industry?s voice for all matters related to the latest technology and the most up-to-date processes spanning the movement and storage of all materials. A 501(c)3 organization, MHEDA members span all of North America.
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Posted in Info |
Tags: Atlanta, Carolina Handling, CFO Show, Dan Reed, Dan Vest, Dave Tumbas, dewitt ny, Doug Simcox, Equipment, Hal Latham, John Gorman, Kevin Rusin, material, MHEDA, Michael Vaughan, North America, NY, prolift industrial equipment, Show, Steve Koscik, toyota forklifts |
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