Ads
News service and business centre for materials handlingHOME
Search  
Yes 17835,17838,17839 18660
Investing in Materials Handling Equipment
Baseplan Software Pty Ltd
Thursday, 16 Feb 2017 ( #808 )
Advertisement
On the surface it seems like large capital expenditure, however, the reality is that whether it be forklifts, access equipment, cranes or associated equipment, the cost has never been lower than it is now and the technology and features have never been better.

Everything from telemetry, to managing the health and ongoing cost of your assets, to safety and improved comfort, functionality and overall performance - the advancements rival that of the automotive industry! All of this, combined with very low finance rates and a steady market demand, suggests that investing in these assets now makes good business sense. However, rental rates are never guaranteed and there is always someone willing to rent it out at cheaper-than-average rates, within your market. Here are three tips that may assist when investing in your fleet:

1. SHOP AROUND
This may seem obvious, but many rental companies are ‘brand loyal’ and this can mean they’re not only paying more but also missing out on key items such as longer service frequencies, extended warranties, or features such as telemetry. If you take the time to test your preferred brand against the market, you could gain some additional benefits, features or price points while remaining loyal to your preferred brand.

2. ENSURE YOU HAVE A GOOD ASSET MANAGEMENT SYSTEM
One of the largest investments for any business is the operating system. It is the reliability and capabilities of the operating system that will play a critical role in understanding, managing and ensuring the return on your assets. You must be able to manage the financial aspects of the equipment, utilisation, selling rates and overall profitability, while also effectively managing the running costs in order to maximise your return. The system should bring asset management into the rental hub (rental dockets, transport, mobility, etc.) and seamlessly link all the data. At a glance, you should be able to view profitability by individual asset and your system should be your trusted ally in determining future purchases. Exploring rental mobility functionality is a must in today’s market, and this should form an integral part of your operating system.

3. FUNDING
The time is now to broaden your funding options beyond the traditional banks. While interest rates are at an all-time low, this is not always reflected in the offerings given to businesses looking to fund capital expenditure. The rates, term and end financial position are all key considerations that can vary depending on what funding model your business adopts. Being diligent and testing the market, challenging the rates and looking outside the banks will better position your return for the life of the asset, as well as return on disposal at life-end.

By Andrew Satterley, Global CEO

For more information contact us!

Baseplan Software
E: send an email
W: www.baseplan.com
P: +61 2 9875 9666
SF: ShopFront


About Baseplan Software:
Baseplan Software Group, established in 1986, is a privately owned company developing world-leading business ERP solutions. Today, Baseplan is an acknowledged market leader with our Baseplan Enterprise system offering feature-rich, specialised software in one fully-integrated management package that delivers outstanding return on investment.
Discuss Forkliftaction.com News stories in the Discussion Forums!
x
separate border
THIS WEEK'S NEWS
Global News

Global News

GERMANY The Jungheinrich Group closed the 2016 financial year with significant ... [more]
As judging wraps up for the 2017 International Forklift of ... [more]
GERMANY Demag has recently picked up a couple of significant orders, ... [more]
SOUTH AFRICA Goscor Lift Truck Company (GLTC) has appointed dealers in Mauritius ... [more]
Associated, Hiab [more]
NETHERLANDS Genie’s Z-33/18 boom is proving popular among fleet owners in ... [more]
UNITED KINGDOM Manufacturer Witton Chemicals has selected Pyroban to provide explosion protection ... [more]
GERMANY LogiMAT 2017, the 15th International Trade Fair for Distribution, Materials ... [more]
Oshkosh ethics rewarded - Oshkosh, WI, United Sates
OTTO Motors elected to RBR50  - Kitchener, ON, Canada
Manitou honoured for exports - Ancenis, France [more]
UNITED KINGDOM A paper recycling company has been fined following the death ... [more]
Advertisement
Today’s ICE Forklift manufacturers must respond to a complex array of legislation, safety, ergonomics, efficiency and market expectations. In the May 4th Special Feature, we will examine how manufacturers are upping the ante in ICE design and engineering. Contribute your knowledge! Forkliftaction Features offer a unique opportunity for ... [more]
Your Focus

Your Focus(Blog)

The FLTA is putting its new Quality Manager out on ... [more]

Announcements (Ads)

For more than 50 years, Cascade Corporation's fork division has ... [more]
Damaging goods with a forklift trucks brings unnecessary costs. Thorough ... [more]
Midac SpA is pleased to announce our business relationship with ... [more]
/lynad/news_adclick.asp?assid=17857
Ads


ProMat – The Biggest Manufacturing and Supply Chain Expo of ... [more]
Superior Tire & Rubber Corp. has been in the material ... [more]
HAWKER’s LIFESPEED MOD3 series represents the latest innovation of high-frequency ... [more]
MEYER and BOLZONI AURAMO at LogiMAT 2017: A Centre of ... [more]
/lynad/news_adclick.asp?assid=17837
Ads


KEYTROLLER’S KEYSHOCK is a simple extremely rugged, very affordable, ... [more]
/lynad/news_adclick.asp?assid=17833
Ads


Subscribe to the weekly e-newsletter.
NEWS ARCHIVE | PAST NEWSLETTERS
©2013 Forkliftaction.com - All rights reserved
 
x
©Forkliftaction.com
Forkliftaction Media Pty Ltd
PO Box 1439
Milton QLD 4064
Australia
Storing your login information automatically.

When you select the 'Remember me' option, your login information will be stored on your computer in the form of a cookie. When you visit Forkliftaction.com again, the stored login information will be retrieved automatically and you will not have to submit your login parameters (email address and password) each time you want to visit our members-only pages.

A cookie is a small piece of data that is sent to your browser from a web server and stored on your computer's hard drive. A cookie can't read data off your hard disk or read cookie files created by other sites. Cookies do not damage your system.

 Back to Top