August 2017

Did you know that some corporate managers value forklift downtime cost at thousands of dollars per minute? That’s right, not per hour – per minute! Proper forklift maintenance can help prevent such costly downtime.

Toyota, a major provider, estimates downtime value at a whopping $225,000 per hour at Ebay (that’s almost a cool quarter-million) and $180,000 over at Amazon…

Are you in charge of maintaining forklifts or handling downtime in your workplace? Then we’ve put together some info we think you’ll like: An easy to use guide on creating a forklift maintenance plan.

Are you looking to implement preventive maintenance but afraid the process is too complicated and expensive? We have a  detailed step-by-step guide on how to switch from reactive to preventive maintenance that proves otherwise.

If you’re relying solely on corrective maintenance, then your company is probably wasting tens to hundreds of thousands of dollars every year due to a lack of a preventive maintenance plan. Before we dive in further let’s make sure we’re on the same page about the meaning of Corrective and Preventive maintenance.

Corrective Maintenance is a maintenance task performed to identify, isolate, and rectify a fault so that the failed equipment, machine, or system can be restored to an operational condition within the tolerances or limits established for in-service operations.

Preventive maintenance (or Preventative maintenance) is work that is performed regularly on a scheduled basis to lessen the likelihood of the piece of equipment from failing.  Preventative maintenance is performed while the equipment is still in working condition as to avoid unexpected breakdowns.

A recent study by Jones Lang LaSelle highlights how a telecommunications company saw a 545% return on investment (ROI) when implementing a preventive maintenance plan.

As good as a 545% return sounds, it can still be tough to get the go-ahead from upper management. To help you accomplish this goal we have put together a simple step-by-step guide on how to convince your manager and make the switch to preventive maintenance.