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Real time location systems (RTLS) give management more transparency of what goes on the warehouse floor. Tracking equipment utilization data has so far been a complicated and expensive process. As a result, companies are often operating with more equipment than needed and pay for unnecessary maintenance and incident costs.
Real time forklift data analysis creates valuable insights that lead to direct cost savings such as average downtime and optimal fleet size. Moreover, equipment maintenance costs can be optimised through better forklift tracking. Closer operator performance monitoring is important for preventing accidents.