How Much Money Are Flat Tires Costing You?

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Remember the old Fram oil filter commercial, “You can pay me now, or you can pay me later”? Well, when it comes to flat tire prevention in the specialty tire business it should read, “You can pay for it now, or you can pay for it BIG TIME later”.

I doesn’t matter what field you’re in – landscaping, golf course maintenance, municipal public works, farming, construction…you name it. If you need tires to do your job and the tires fail, even ONE TIME, that cost in downtime dollars lost is staggering. And many times that money is unrecoverable.

Lets take a look at this scenario. We’ll use a 825×15 standard forklift tire size (you can substitute any size tire, labor cost, etc. from any industry). This is an example of what flat tires one ONE machine can cost the average business:

A. Flat Repair Cost $100.50
This includes road service charges, demounting, puncture repair, remounting and any other charges associated with flat tire repair.

B. Downtime Per Flat (avg. in hours) 2

C. Number of Workers Idled 3
This includes the equipment operator and all other workers idled due to the downed equipment.

D. Hourly Pay Rate $18.00
Include the cost of fringe benefits

E. Production Rate $175.00
In dollars per hour

F. Total Flats for Tire Life 3
An average from past records if possible

…………………………….

Now Compute the Costs: Cost Savings Analysis

1. Repair Costs = (A x F) $301.50

2. Cost of Idle Labor = (BxCxDxF) $324.00

3. Cost of Lost Production = (BxExF) $1,050.00

4. Total Costs for Flats = (1+2+3) $1,675.50

5. Projected Cost to Flatproof $318.14

6. Savings with Flatproofing (4-5) $1,357.36

……………………………….
No matter what you application, flatproofing your tires means the end to expensive tire-related costs, premature tire failure and downtime. Flatproof just one piece of equipment today an we guarantee you will realize savings almost immediately.
Give us a call at 1-80-225-9513.

Brian

Comments

One Response to “How Much Money Are Flat Tires Costing You?”
  1. On the first time i experience flat tire,honestly it cost me more.It is because i always call a technician or bring my car on a shop.Unlike now,i can do it myself.

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