Every company within the equipment industry works with two categories of equipment. They work with serialized equipment and non-serialized equipment, also called bulk equipment. The advantages of serialized equipment are of course that the equipment is uniquely identifiable. This makes it much easier to keep track of equipment, especially for transport or maintenance and service. Financial departments can also gather information about serialized equipment easily, for example about a specific piece of equipment or its rental history.
Bulk equipment does not have these advantages for several reasons. The high volume can make it almost impossible to serialize everything. It takes up a lot of manpower, so reducing costs can also be a reason to keep the equipment not serialized. And if there’s no obligation to track equipment separately, why should you waste your money and manpower? This does not mean that there are no requirements regarding bulk equipment. It’s also rented out. So, there must be a system that keeps track of your equipment. How else do you know which equipment needs service or transport?
How can you monitor your bulk equipment within your company?
Every company has different needs regarding the financial aspects of bulk equipment. There are many different flavors you can choose:
- When purchased directly take bulk equipment as costs;
- When purchased, activate as fixed assets;
- Do a combination of both depending on the items;
Different business decisions can result in different processes. DynaRent in Microsoft Dynamics 365 for Finance and Operations gives you great flexibility for monitoring bulk equipment. DynaRent lets you configure per equipment how you want to monitor this equipment financially. You can decide to create a fixed asset with multiple child assets, enabling complete financial monitoring and depreciation for all pieces of equipment. You can define the needs yourself within DynaRent. When you configure any of these options, it will not impact the other related processes that are very important for high volume products:
- Availability overview
- Service and Maintenance
- Quality inspection
Image 1: Graphical bulk overview per depot
Curious about our DynaRent Solution Suite? We’re more than happy to provide you with a tailored demonstration. Please contact to discuss at firstname.lastname@example.org, or visit www.highsoftware.com and see what we’re doing!