How can you save millions a year and increase your production uptime? Having a handle on the total cost of ownership for your forklift power system can show you the areas where you may not even realize you’re bleeding money.
An important step is fully understanding the total cost of ownership of your current operation. In our experience, many companies confuse the initial cost of a purchase for batteries and chargers with the total cost of ownership.
So, what’s the difference? The initial cost is simply the purchase price, while the total cost of ownership is the purchase price plus any costs to maintain that asset as well as any costs that are eliminated (added) due to putting in a superior (or inferior) solution.Typically, we see the acquisition price equating to less than 30% of the total cost of ownership for a 2-3 shift operation.