Lift Truck Tips: Fleet finance harnesses the currency of collaboration

Lift Truck Tips: Fleet finance harnesses the currency of collaboration

Lift Truck Tips: Fleet finance harnesses the currency of collaborationFleet managers, equipment manufacturers and service providers are talking a lot lately about total cost of ownership (TCO). The concept aims to unite upfront equipment costs, maintenance expenses and operation over the life of the life of the equipment. Seeing an accurate picture of TCO is essential to identifying and realizing efficiency, but it also requires increased cooperation between finance and operations functions.

In the past, if a plant manager said he liked a certain manufacturer, the sourcing manager would go with it as long as it fit in the budget. But now, many decision-makers are more budget-conscious, more competitive and more functions are now involved in those choices.

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