forklift fleet lined up in a row

When Should You Update Your Forklift Fleet?

MCFA’s forklift replacement guide will help you know when to replace, retire, relocate or retain your forklifts.

 
 

Reliability is probably the one thing fleet managers want most. Warehouses need a forklift fleet you can rely on, and the best fleet managers know that doesn’t happen by accident. A reliable fleet has to be built with proactive planning, increased attention to planned maintenance and a keen awareness of the fleet's data.

Even when you have your fleet dialed in, it's difficult to know the optimal time to replace, retire, relocate or retain certain forklifts. Replace a forklift too soon and you risk not getting the most out of your investment. Replace a forklift too late and you may risk an expensive and time-consuming breakdown.

chart to determine forklift economic life

So how do you know if it’s time to update your forklift fleet?

Breakdowns

A forklift past its prime may cost you more than a nickel and dime. After many years of service, you may experience worn forks, damaged structures or hydraulic leaks. And when it comes to forklift maintenance, sometimes when it rains, it pours. Once breakdowns begin, it may be difficult to troubleshoot the issue and manage costs effectively to keep your fleet running.

If you experience issues with a “trouble asset” and struggle to avoid downtime, it may be time to replace that forklift.

Downtime: The Real Cost of A Breakdown

Breakdowns cost far more than just the price of the repair; it can also cost valuable run time and significantly decrease your warehouse’s productivity. Forklift downtime is an unwanted consequence of untimely breakdowns. If a forklift breaks down, you may need to run a shift with one less operator, limiting the amount of products moved and putting more stress on the remaining operators.

To avoid unnecessary downtime, it’s important to focus on planned maintenance. Pay attention to and keep up with the recommended service for your forklift. By performing regular maintenance, you may extend the useable life of your equipment.

Plan Your Exit Strategy

When you replace a forklift in your fleet, it’s important to proactively plan an exit strategy for your new forklift. Be sure to consider the environment in which the forklift will operate. Will the forklift operate in a high-use environment and experience a lot of wear and tear, or will it be placed in a normal environment with limited wear and tear?

A general guideline to follow for most forklifts is to replace a forklift around 10,000 hours. If the forklift is being used in a high-usage environment, you should consider replacing the forklift after 8,000 hours. But what is the best way to track that usage?

Tracking Your Fleet’s Utilization & Repairs

It’s important to keep records of maintenance history and track the utilization rate for each forklift. If your forklift utilization rate is above ninety percent, it is typically an indication of an overworked forklift. Action may be required, or you may need to add an additional forklift to your fleet.

Keeping detailed service records and tracking utilization rate can be a difficult job to perform manually, so we recommend utilizing a fleet management system such as Fleet Track.

Fleet Track is a practical and efficient fleet management tool that provides a user-friendly interface and enhanced functionality to generate a comprehensive overview of your entire forklift fleet. Fleet Track allows you to track utilization rates for each individual forklift, and the data collected can help you make important decisions on whether to retire, replace, retain or relocate a forklift based on its cost per hour and utilization rate.

Using data to make the most educated decisions about your forklift fleet will help you save time and money while increasing your efficiency and productivity. Using a fleet management system to collect and analyze that data can help you make the most of your forklift fleet in the easiest way possible.

Visit our website to learn more about fleet track. Contact your local MCFA dealer to get started.

 
 

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