Learn how the world’s largest value-added distributor boosted visibility and efficiency
Challenge
The client faced challenges in tracking and managing its extensive material handling units due to limited visibility and outdated, manual processes.
Solution
By leveraging it’s long-standing partnership with Wheels, the client was able to establish a centralized digital platform to manage its growing inventory of forklifts, warehouse equipment and fleet vehicles.
Results
• Simplified workflows
• Increased equipment visibility
• Flexibility to manage leases more effectively
About the client
As the largest value-added distributor in its market sectors, with operations across the Americas, Europe, Asia Pacific, and UK & Ireland. The client delivers essential products required for businesses to function daily. They specialize in sourcing, consolidating, and providing a diverse range of products. With a comprehensive service covering category expertise, sustainable solutions, and digital capabilities, the client’s global reach, strong supply chain, and acquisition strategy enable them to offer competitive prices and reliable delivery.
The biggest win has been the consolidation of our financial processes through one lender, Wheels. It has simplified our workflows, improved asset visibility, and given us the flexibility to manage leases more effectively
Client’s Corporate Transportation Manager
The solution
With a long-standing and evolving partnership of over 22 years, the client’s US division tapped Wheels for a centralized digital platform to manage its growing inventory of over 4,000 forklifts and fleet of 500 vehicles. This platform consolidated various data points and documentation, bringing much-needed visibility into their equipment and fleet operations. It also enabled them to move away from a piecemeal and manual tracking method to a centralized digital management tool that housed information on all equipment units, regardless of whether they were leased through Wheels, another lender or company-owned. Building on the successful deployment of that centralized solution, Wheels and the client are now tackling the specific challenge of integrating maintenance management for their forklift fleet and other units – an initiative named “Inside Asset Fleet Optimization.”
Results driven by Wheels
The “Inside Asset Fleet Optimization” project uses detailed insights into the client’s equipment performance and costs to facilitate better decision-making on whether to retain, replace, remove, or relocate forklifts based on their utilization and cost per running hour.