• 10 Tips For Keeping your Costs Down

    Properly managing your materials handling equipment can help your company achieve your financial goals. With nearly 90 years of experience in the lift truck industry, Hyster Company has become somewhat of an expert on the subject! If you need assistance with any of these strategies, contact your local Hyster® dealer.

    Energy Icon

    Review Energy Costs

    • Review past, current and projected energy costs
    • Develop plan to optimize energy consumption
    • Investigate incentives with energy providers
    • Leverage and negotiate with energy providers
    • Lock in long term cost prior to economic recovery?

    Safety Icon

    Capture Safety Dividends

    • Review safety records and insurance coverage
    • Insurance Concessions for ergonomic and safety programs
    • Operator training
    • Abuse oversight and reduction (battery monitoring systems)

    Financing Icon

    Explore Financing Options

    Fixed, Adjustable Leases or Loans
    • Take advantage of lower short-term interest rates
    • Reduce payments and improve cash flow
    • Adjustable component indexed to market
    • Ability to refinance at pre-determined milestones
    • FMV product to help ensure lowest payment
    • Benefit for gradual increase in market liquidity through favorable rate adjustment

    Balance Sheet Icon

    Improve Balance Sheet

    • Off-Balance Sheet Loan Product
    • Reduce payment to improve cash flow
    • Advance rents
    • Off balance sheet accounting treatment
    • Customer receives tax benefits of ownership
    • State Purchase Option – no premium
    • Residual upside when market strengthens
    • Remarketing assistance available if required
    • Greater control over deal economics

    Purchasing Programs Icon

    Investigate Purchasing Programs

    • Forward order programs
      • Lock in prices for future needs
    • Parts procurement
      • UNISOURCE parts can save money over OEM options
    • Consolidate the number of contracted service providers
      • Consolidated invoices from each service provider
      • Preferred pricing is typically based on volume of business with each service provider
      • Additional costs for contracting with multiple service providers

    Maintenance Icon

    Review Maintenance Options

    • Exploring maintenance programs to more align with your revenue stream
    • Usage-based full maintenance to:
      • Align maintenance cost with actual truck usage
      • Pay rates typically based on total number of hours, no calendar term

    Fleet Optimization Icon

    Explore Fleet Optimization

    A fleet management plan should include:
    • Hyster Fleet Smart
      • Service by experienced technicians
      • Preferred parts and labor pricing
    • Right-sizing equipment base
      • Remove non-productive units
    • Re-deployment of equipment
      • Within facility or other locations
    • Replacing units based on optimum life
      • Stop “throwing good money after bad”

    Telemetry Icon

    Utilize Telemetry Solutions to Monitor Material Handling Assets

    Productivity improvements and operator accountability driven by:
    • Hyster Tracker wireless asset management
      • Convenient access to truck and fleet data
      • Drive fleet efficiency, improve operator performance, reduce carbon footprint and lower overall material handling costs
    • Intelligence-based management of assets
      • Effective alternative compared to utilizing human resources as your source
      • Advanced-level monitoring simply cannot be performed by human resources

    Fleet Management Icon

    Implement Fleet Management

    • Determine fleet operating costs
    • Breakout parts and labor costs
    • Monitor fleet utilization
    • Develop fleet benchmarking
    • Compare maintenance alternatives

    Review Parts Icon

    Review Parts/Aftermarket Solutions

    • Check tires
      • The best tire for your application
      • Increased tire life
    • Remote hour meter readers
      • Timeliness of scheduled PMs
      • By the hour not by a date
    • Remanufactured parts
      • Reduce parts replacement costs
      • Same warranty as new
    • Operator comfort – less product / forklift damage
      • Suspension seats, hydraulic accumulators and radial tires
    • One-stop shopping
      • For all your forklifts regardless of the brand through the UNISOURCE offering