In these times of economic uncertainty, it’s almost impossible to find a business that is not scrutinizing operating costs and looking for ways to strengthen the bottom line.
For distribution and manufacturing companies, one question at the top of the list is whether to buy or lease equipment. Unfortunately, there’s no right answer or silver-bullet strategy that will effectively mitigate the financial risk that comes with equipment investments. Purchasing and operations managers must work together to consider the specific application of each piece of equipment to determine the best financial option.
Because a competitive, high-functioning material handling operation relies heavily on lift trucks, the buy-or-lease decision is critical and should be given careful consideration.