Folklifts operation optimization

Theme: Asset Optimization & Predictive Maintenance

Expected Pilot Duration - 3 Months

Apply Now

Challenge Summary

Increased idle time of the forklifts due to low utilization of the asset, is leading to increased operational costs. Seeking a digital solution to centralize the management system and enable maximum utilization of the forklifts.

Challenge Scenario

The forklift team manages allocation for each forklift separately and each forklift is allocated to a specific task, that is allocated by the operations/dispatch team as well as maintenance team. Manual allocation of the forklifts result in underutilization of the forklift parked at a site, even when the requirement for the truck is at close proximity to the parked site. Currently the forklifts are utilized to only 40-45%.

The system gives insights on forklift operational hours and non-operational hours and are captured through the existing GPS based web application system. Each forklift is equipped with Teltonika FMB920 GPS tracker (IoT) and the same is being used for capturing the data. The same can be used for further development of the solution. Though we are able to track the historical data, we are unable to conduct prescriptive analytics on the same to improve the utilization.

At present, a centralized system for forklift utilization management is not available. Therefore, forklifts are operational for only 40-45% during the entire shift hours, implying that the forklift is idle during the rest 55-60% shift hours.

The solution must be able to digitize the system so the forklift team can allocate the truck for operations, while keeping track of utilization status and accordingly assign for the next operations. The scope of the pilot shall be to install a digitization system for 5 forklifts.

Profile of the end users

Central forklift allocation team

Responsible for allocation of the required forklifts to the places based on the priority. Presently there is no centralized system to allocate the forklifts and fixed no of forklifts are assigned for respective areas.

Operation/Dispatch team

Responsible for reserving the forklifts for the required operations with valid reasons and priority. Presently the respective operation is reserving the forklift for the whole day for their requirement. Presently, the forklift is reserved and occupied for the entire day, for one operation.

Maintenance Team

Responsible for pre-booking the forklifts for the required operation with valid reasons and priority. Presently, the maintenance team is having verbal communication with the operation/logistics team for getting a forklift for their requirements.

Solution Requirements

Central forklift allocation system for reservation & allocation of the forklift as per task priority.

Monitor the utilization performance for each allocated forklift

Tracking, monitoring, locating and managing the forklift' performance as per Forklift no, Driver name, area and task priorities in desired time intervals.

Ability of the teams to allocate the priority levels of the various tasks.

Track, prescribe and allocate the right forklift for increased utilization.

Track the performance of the forklift drivers as it powers the utilization of the forklift.

Web and mobile/tab based software solution to facilitate faster reservation of the forklift based on its availability.

Showcase potential cost saving through optimal utilization of the forklifts.

Predictive model for allocation of the idle forklifts to allocated tasks as per the priority and requirement.

Prioritizing the tasks based on roles and business user functions.

Security Industry standard security licenses should be available for cloud based solutions.

Integration The solution should be integrated with the existing Teltonika FMB920 GPS tracker for getting the best predictive model.

Expected Outcomes

1. Quantified Metrics & Outcomes:

Operational KPIs/Metrics	Current Value	Expected Target Value
Total utilization of forklifts	40%	>70%

2. Qualified Outcomes:

Current State	Target State (Expected)
Unplanned allocation of assets	Improved planning, allocation and task reservation.

Join our Accelerator Program

Apply Now