If your company is like most companies, you’re spending significant—and unnecessary—money on rental equipment. And that cost is flying under the radar.

While practically every facility needs rental equipment occasionally, rentals should be a short-term solution. But, once rentals are on site, they often get lost in the mix. The supply chain crisis only compounded this issue, since rentals spiked as companies waited months for equipment.

The fleet management playbook for on-road trucks and commercial vehicles has evolved a great deal over the past 25 years. It’s truly inspiring to see the strides made in terms of operational productivity, safety, and sustainability.

However, there’s another fleet, equally important in terms of keeping businesses running, that has not made the same advancements. Forklift fleet management remains largely stuck in the past.

Smart homes. Smartphones. Smart…warehouses? In a time when the term “smart” is bolted onto nearly every aspect of our lives, it can be difficult to pin down what this ubiquitous term actually means. As TFS knows from experience, however, accelerating or enhancing warehouse operations rarely begins with flicking a switch.

TFS employees visit thousands of facilities each year. That’s how we know that even the most respected names in manufacturing and distribution—Fortune 500 companies with huge budgets—are struggling.