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Here’s a list of Rental articles written by our own, Tom Marshello, for our friends at ArcherPoint:
Not to put too fine a point on it, but ensuring your equipment is in top shape and able to be used at capacity is the very essence of success in the equipment rental industry. The key to ensuring success is equipment maintenance management effectiveness; being able to manage preventative, scheduled, reactive, and predictive maintenance so that all your assets are being using to their fullest capacity. Fortunately, Rental Process Management (RPM) software can do that for your company. RPM can help equipment rental companies manage their equipment maintenance, streamline operations, and improve productivity.
Enterprise Resource Planning (ERP) software can benefit almost all companies, in almost all industries. Granted, there are instances where a company is too small and ERP would be overkill, or an industry so highly regulated that a commercially available ERP would need to be customized beyond its beneficial limits. However, these are the outliers, and most definitely do not apply to the equipment rental industry. For companies specializing in equipment rental, an ERP can be the competitive edge in an increasingly competitive and growing industry.
Running an equipment rental company is an exercise in balance; managing inventory, assets, and billing needs, are challenges that need your attention. To ensure success, equipment rental companies should be able to make smart, strategic decisions quickly. Enter business intelligence. Business intelligence capabilities allow you to turn your data into action.