Why you should hire material handling equipment for your project
There are several types of material handling equipment used in a variety of industries. Material handling equipment include machines such as forklifts, order pickers, pallet jacks, and anything that can handle heavy loads. Anything that has to do with the movement of items, stock, or materials, the storage of these things, and control and protection of these items, form part of material handling. Many materials may be involved in the process, and their control can be crucial, because the use and storage conditions have to be adhered to in order to prevent waste, and materials expiring before use.
For many operations, it makes sense to purchase their own material handling equipment and to keep a fleet of these machines on site to deal with their needs. Other organisations find it more economical to hire material handling equipment from a vendor that can provide them with the machinery they need, when they need it. If you choose to hire material handling equipment, you can expect the following benefits:
If your projects or material handling needs fluctuate throughout the year, you can choose to hire material handling equipment only for the periods that you need it. This means that when you don’t need it, you don’t have to pay for it.
Different stages of your production or manufacturing process require different material handling equipment, and you can choose which machines to hire at which stages of the project.
If you hire material handling equipment and something breaks down, you don’t have to worry about waiting for parts, or suffer downtime while the machine is being fixed. It is the rental company’s responsibility to maintain and repair these machines, and if they break down, they have to replace it with another in its stead. This way, your operations can continue as usual.
If you buy your material handling equipment, you have to shell out a lot of money. These machines are not cheap and, for many organisations, it is not always possible to find the money for outright purchase. Even if the machines are bought on hire purchase through financing, the interest is high and the machine ends up costing a lot more than the list price. These assets also depreciate as time goes on, and the resale value may decrease to the point where it is not really a viable option to resell when new machines are needed again.
If you want access to the latest machines on the market, you should choose to hire material handling equipment. At the EIE Group, we specialise in providing our clients with the best machines on the market at all times, and our hire agreements are cost-effective and economical. Give us a call today to find out more.