Low Cost Of Forklift Parts

When a company buys and uses a forklift, the total annual cost includes:

(1) procurement costs;

(2) maintenance costs;

(3) energy costs;

(4) Labor costs.

The purchase cost will be spread equally over the life of the forklift. As a result, high-priced forklifts will have lower procurement costs due to their longer life. The actual repair cost is not only related to the cost of repairing the spare parts, but also to the failure rate or downtime. Therefore, a high-quality forklift truck also has lower maintenance costs due to its lower failure rate. Energy costs will vary depending on the forklift with different powertrains, such as electric, diesel, LPG or gasoline. Labor costs vary with the number of drivers and their total monthly salary, and the number of drivers will be reduced by the use of efficient forklifts.