Workflow in a growing industry requires sturdy material handling equipment, for improving the efficiency of the factory, warehouse, and storage areas. With such requirements, the need to include and expand the fleet size of equipment including forklift trucks, electric stackers, battery-operated pallet trucks (BOPT), reach trucks, etc., increases. While purchasing a new material handling equipment might not look like the most feasible option in terms of capital expenditure, the rental option becomes the next best way. Renting the appropriate equipment can help neutralize the increased demand and help reduce the capital expenses involved. This allows you to invest in business development opportunities such as warehouse or inventory expansion.
Why Should You Consider Renting?
Though the requirement may depend upon various factors such as the volume of work, available capital in hand, type of material to be handled, etc., buying a MHE or trying MHE rental can be decided by its purpose.
Buying an MHE is the optimal solution if there is a need to expand business capabilities, however, due to budget constraints, buying may not be feasible. In such cases, renting out MHE proves to be sustainable. Also, if you don’t have the skilled manpower required to take care of the operations, servicing, and maintenance renting is the right choice.
MHE Rental offers you the opportunity to bypass high upfront costs and choose the optimal equipment as per your requirement. The equipment can easily be returned after fulfillment of the requirement after the contract tenure ends. This also provides an opportunity for the customer to upgrade products according to the latest technology.
The Benefits of Renting your Lift Equipment
In addition, renting material handling equipment has several other benefits that make it the perfect alternative for your needs.
- You can choose the equipment perfect for your job: Ranging from forklift trucks of different classes and capacities to electric stackers, battery-operated pallet trucks (BOPT), reach trucks, etc., renting can help multiply productivity to meet any need of your organization.
- Ease of maintenance and payment: Renting MHE of any type have a service and maintenance charge included in the rental charges, so there is no extra cost incurrence for maintenance & service.
- No big investment cost when there is a fleet requirement: Finding out the cost of each piece of equipment in a fleet may be overwhelming when you start to invest in a fleet. However, for fleet rental, the cost is a fixed amount for each product assured per month.
- Fixed rate for the entire contract period: Any deviation in the price of the product does not affect the rental contract price during the period. So, there is no impact of inflation on rental expenditure during the tenure.
- Accelerate business growth: Renting MHE allows you to invest the saved capital into business growth opportunities like technology enhancements that can increase productivity and reduce costs significantly in the long term.
- New Trucks after the contract tenure: After the rental contract tenure ends, the customer has the option of acquiring new trucks or renewing the contract with the same set of equipment.
- Minimize Service involvement and stocking parts are not required.
To get in touch with Linde Material Handling rental team, call 1800 843 5111 to discuss your requirement.