Maximising Your Return on Investment with Hyster Forklifts: Tips for Businesses

Return on investment (ROI) is an important metric for businesses because it measures the profitability of an investment relative to its cost. The cost of doing business in New Zealand can be relatively high compared to some other countries. This can be due to factors such as the high cost of living, high labour costs, and expensive transportation and logistics, putting pressure on companies to maximise their return on investment.

There are several strategies that companies can implement to maximize the return on investment (ROI) for their Hyster forklift:

1. Preventive maintenance program: Regular maintenance is essential to keep your forklift running smoothly and efficiently. This will help prevent breakdowns and downtime, reducing repair costs and lost productivity.

2. Operator training: Ensure your forklift operators are properly trained and certified to operate the equipment. This will reduce the risk of accidents and damage to the forklift, and increase productivity by ensuring efficient operation.

3. Efficient use: Encourage efficient use of the forklift, such as avoiding unnecessary travel, using the appropriate load capacity, and avoiding overloading.

4. Fleet management: Track your forklift usage and maintenance history to identify trends and areas for improvement. Use this data to optimize your fleet and reduce costs. (View our Hyster fleet management system here: https://hyster.co.nz/forklift-fleet-management/hyster-tracker/)

5. Proper storage: Store your forklift in a dry, clean, and secure location to protect it from damage and theft.

6. Consider upgrades: Consider upgrading your forklift or adding attachments to improve efficiency and productivity.

7. Tyre wear: Maintain tyres to an appropriate standard. Overworn or damaged tyres will put unnecessary stress on equipment and cause premature fatigue, as well as an increased health and safety risk. Tyres are also the only form of operator cushioning outside of the suspension seat. Worn tyres will cause operator fatigue, with the potential for damages.

Implementing these strategies can help companies maximize their ROI on their Hyster forklift and reduce costs associated with downtime, repairs, and accidents.