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.

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.