Study on efficient forklift utilization, cost & life cycle analysis

Abstract

Forklifts are classified as indispensable equipment utilized in manufacturing and warehousing operations. This equipment contributes a large percentage towards any warehouse and manufacturing operation. Industry surveys confirm that 94% of materials handling businesses do not have an accurate record of their forklift fleet. Inflated costs are usually incurred due to the lack of knowledge or little insight into the true drivers of forklift operating expenses, maintenance, life cycle and efficient utilization. A comprehensive study on all abovementioned aspects affecting forklifts would prove beneficial on the long run for any business that utilizes such fleet. This project will aim at assisting Sasol Dyno Nobel in developing models and providing recommendations for:  Effective utilization and operational efficiency of forklifts  Allocating forklifts to the respective departments within the Sasol Dyno site  Maintaining and servicing forklifts  Cost and life cycles of forklifts Upon completion of this project, a detailed report of all the work done in achieving the set deliverables will be compiled and sent to the relevant stakeholders. All recommendations will be used at the owners’ discretion.