Improve Productivity and Profits with Fleet Management by MHI

MHI’s history in lift truck leasing dates back to over 40 years ago with Clark Rental Corporation. Today, our rental fleet comprises more than 500 units. Managing a fleet of this magnitude necessitates a deep understanding of equipment procurement, financing, cost-effective maintenance strategies, and equipment disposal based on economic life. Our advanced computerized system enables us to comprehensively track and manage the costs associated with each unit in our fleet.

We are dedicated to ongoing cost analysis and usage evaluation, enabling us to operate our fleet at the most competitive rates while ensuring that our customers have access to dependable equipment at a great value.

What is Fleet Management?

Fleet management, as defined by MHI, is the process of operating your fleet of vehicles or equipment in a manner that optimizes cost-efficiency and maximizes productivity within your industry. This involves a systematic approach to overseeing and maintaining your fleet assets.

Effective fleet management includes:

  1. Understanding the Economic Life: Knowing the expected lifespan of your lift trucks and other equipment.
  2. Replacement Program: Establishing a replacement program based on factors like return on investment (ROI) to ensure that older equipment is replaced when it becomes cost-inefficient.
  3. Tracking Maintenance Costs: Monitoring all maintenance-related costs, including parts, labor, and rental replacements.
  4. Monitoring Fuel Costs: Keeping tabs on the fuel expenses associated with each piece of equipment.

The fleet management process typically includes the following steps:

  1. Comprehensive On-Site Survey: Conducting an in-depth assessment of your fleet and operational needs.
  2. Analysis: Evaluating data from maintenance history, survey findings, and financial impacts to make informed decisions.
  3. Proposals: Developing replacement forecasts, financing alternatives, and maintenance options based on the analysis.
  4. Implementation: Creating schedules, providing training, and collecting relevant data to put proposed solutions into action.
  5. Monitoring: Regularly reviewing and reporting on fleet performance, holding strategy sessions, and continuously seeking opportunities for improvement.

By following these steps, organizations can effectively manage their fleets to minimize costs and maximize productivity, ultimately leading to more efficient and profitable operations.

Implementing our services offers a multitude of benefits:

  1. Increases Equipment Utilization: Our solutions enhance the utilization of your equipment, ensuring they are used efficiently and effectively.
  2. Reduces Maintenance Costs and Downtime: By implementing proactive maintenance strategies, we minimize unexpected repairs, reducing maintenance costs and downtime.
  3. Reduces Operator Expense: Improved equipment reliability and efficiency translate to reduced operator expenses.
  4. Aids in Budgeting, Hedges Against Rising Costs: Our services help you plan and budget more effectively, providing protection against escalating operational costs.
  5. Helps Reduce Tax Burden: Effective fleet management can lead to tax benefits and a reduced tax burden.
  6. Results in Timely Replacement of Trucks: We facilitate the timely replacement of aging equipment, ensuring your fleet remains modern and efficient.
  7. Improves Employee Morale: Reliable equipment and reduced downtime contribute to higher employee morale and satisfaction.

Our comprehensive approach to fleet management delivers these advantages, ultimately enhancing the overall performance and success of your operations.

Don't miss out on the opportunity to optimize your fleet and reduce costs. Contact us today for your FREE fleet analysis!

Here are some key strategies to help you reduce costs and optimize your operations:

  1. Acquisition (Truck Price) Is Only 10% Of The Truck’s Cost: Recognize that the initial truck purchase price is just a fraction of the overall cost of owning and operating a truck.
  2. “Right Size” Your Fleet: Ensure that your fleet is appropriately sized to meet your operational needs, avoiding overinvestment in excess vehicles.
  3. Reduce or Redirect Personnel – Administrative and Maintenance: Streamline administrative and maintenance staff to minimize overhead costs.
  4. Eliminate Parts Inventory: Consider inventory management solutions to reduce the costs associated with maintaining parts.
  5. Maximize Equipment Utilization: Optimize the use of your equipment to get the most out of your investments.
  6. Reduce Supplier Base: Consolidate your supplier base to potentially negotiate better terms and reduce administrative efforts.
  7. Stay In OSHA Spec: Ensure compliance with OSHA (Occupational Safety and Health Administration) regulations to avoid potential fines and penalties.
  8. Exact Equipment Type Matches the Job Requirement: Select equipment that precisely matches the requirements of each job to avoid unnecessary expenses.

By implementing these strategies, you can enhance cost-efficiency and productivity within your operations.

MHI Fleet Management Systems

Discover the benefits of MHI Fleet Management Systems – the solution to take you out of the lift truck business and to focus on  your operations. For detailed information on how our Fleet Management Services can assist your organization, please call us at 888-865-2083.

Learn More About Fleet Management by MHI

Speak to one of our professionals about a plan tailored to your fleet and operation and get a quote.