Equipment rental must take a backseat to other core processes such as finance, logistics, and project management. It is because of this de-prioritisation that we tend to forget about the value we can create by optimizing these business processes. This represents a missed opportunity. Optimizing equipment rental improves cost monitoring, increases capacity utilization and streamlines maintenance.
Planning and scheduling helps project managers to determine what equipment they will require in the future. Without an internal reservation system in place, businesses tend to rely largely on MS Excel, paper and phone. This can potentially result in duplicate bookings, delays, and in some cases it may even require businesses to rent equipment and other resources elsewhere. The expenses of materials and equipment used are not charged directly to the project. This reduces the reliability of budget monitoring.
Improving Capacity Utilization:
Rental costs are not in proportion to wages and equipment. But the role of this process in logistics should not be underestimated. Inefficient decisions regarding tools and machinery will inevitably cause delays. Good rental planning prevents this. It also shows you what is available – and this streamlining ensures that your utilization rate can increase.
Benefits of Rental Optimization:
A user-friendly web shop simplifies reserving equipment, materials, personnel, and tools and prevents errors.