The effect of forklift repair could have on your operation?
If your facility relies on forklifts, you know how frustrating it can be when one or more forklifts are out of commission due unscheduled repair.
Loss of employee productivity
When your workers can’t work, you’re losing money. When your team is still on the clock during downtime, your business is using the same amount of labor costs to produce less. Downtime also steals time from mechanics who should be using their time to make permanent improvements to your forklift, rather than having to provide quick fixes and costly repairs on the spot. In some cases where deadlines are involved, you might also have to consider the cost of employee overtime needed to catch up following a period of disruption.
Loss of money on product
If you are producing, storing, or distributing products out of your facility, think about how much those products cost. Think about the time it takes to make or move those products. With some simple math, you can see exactly how much a minute is worth to you. Take that times the total downtime you had, and you’ll learn exactly how much the downtime can cost you in product alone.
Downtime of your facility could have adverse short-term or long-term effects on the relationships with your customers. If your operation is down because of unexpected forklift repair, that means your customers are waiting and aren’t getting their orders fulfilled. They often won’t wait on product because of something faulty in your facility. Studies have shown that when your company experiences downtime, you could also face depleting stock returns and shareholder wealth.
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