Parts Consignment Programs offer customer the convenience of onsite parts inventory and an inventory customized based on the needs of their operation. Lift truck parts are stored in a parts consignment locker held at a customer’s facility. The customer pays only for the parts that are used by their onsite mechanics. A Parts sales representative routinely inventories and restocks the locker ensuring that the customer has the parts they need when they need them.

Making the decision to move to a parts consignment locker might be the right one for your business if you have an in-house maintenance department with mechanics who repair and service your lift trucks.

Here are the top five benefits of a parts consignment program:

1.     No upfront cost: The initial installation of the storage locker and the inventory are set up and installed at no charge.

2.     Immediate availability: The needed parts are just steps away, which eliminates placing orders, waiting on deliveries, and the hassle of backorders.

3.     Freight savings: There is no freight cost if the part is already in the locker. Parts are inventories and restocked at no charge.

4.     Equipment uptime: Having the right parts on hand will ensure the equipment is up and running as quickly as possible.

5.     Eliminates inventory challenges: This includes money on shelves, reduced shrinkage, and inventory counts.