When enterprises make procurement plans for material handling equipment, most teams tend to only refer to the upfront purchase price of forklifts, ignoring the multi-dimensional expenditures generated in the whole usage cycle, which will lead to deviation between actual budget consumption and the early expectation. Mastering the scientific method of calculating the total cost of a BYD forklift can help logistics, manufacturing and warehousing enterprises make more reasonable budget arrangement, and avoid unnecessary extra expense in long-term operation.

The first part of total cost calculation covers the upfront one-time investment. Apart from the official purchase cost of the forklift unit, you also need to include the expense of necessary supporting facilities, such as the professional charging station installation that meets safety operation standards, the required operation skill training for on-site forklift drivers, and the administrative handling fee for legal operation qualification registration. Many small and medium-sized enterprises omit the supporting facility cost in initial calculation, which will cause temporary budget gap after the forklift is delivered.

The second core part comes from the continuous operation cost in the daily usage stage. The first item is energy consumption cost, you can combine the actual daily working hours of your forklift fleet, local industrial electricity price, and rated energy consumption parameter of the unit, to calculate the monthly and annual energy expenditure accurately. The second item is daily maintenance cost, electric forklift has relatively simpler structure than internal combustion power equipment, the regular maintenance work is mainly focused on checking wear parts of walking and loading system, which has controllable annual maintenance expense. You also need to add the annual commercial insurance cost and regular safety inspection cost of the vehicle into this part of calculation.

The third part of the total cost calculation is often easily ignored, which includes the implicit cost and residual value of the forklift in the whole lifecycle. The implicit cost mainly refers to the potential operation loss caused by unexpected equipment failure and downtime. Sufficient after-sales support can effectively reduce the occurrence of long-time downtime, so as to cut down this kind of extra expense. For BYD electric forklift, the power battery retains considerable residual value after years of normal use, which can be deducted from the total ownership cost when the vehicle is retired.

If you need a customized total cost calculation scheme that matches your actual operation scenario, please feel free to contact us. We are Jian Shu New Energy, focusing on providing professional service of BYD electric forklift. You can send your detailed operation parameters and demand to our official email [email protected], and we will provide you with targeted cost analysis report as soon as possible.