Modern fleet management: is your rental company ready?

Jun 9, 2017 8:10:51 AM

Fleet management can be especially daunting for international equipment rental organizations. You may be running multiple depots across countries and even continents. As a result, situating equipment becomes complex. You’re also under continuous pressure to “work out the differences” across diverse locations.

You need to optimize utilization rates while sustaining healthy margins across all locations, and reduce added transport expense. Finally, you want to fulfil your organization’s commitment to meeting present and future fleet management needs for all depots. It’s a lot to handle, but you want all depots to realize success for equipment fleet rentals and sales.

The goal needs to be a healthy and sustainable balance, not a juggling act

It seems easy to decide to purchase and move equipment around the world. But what is necessary to make that decision work? You need a solution that offers a full overview and detailed information. You can start with giving location-specific answers to these questions:

    • Do you know the utilization rate of the requested equipment?
    • What are the statistics from the quotation pipeline for rental and sales?
    • Is the required equipment is available at another depot?
    • Is the request within the depot’s budget?
    • What is prediction based on historic data?

Now you are ready to make an informed decision to purchase and/or move equipment. The next step is to start the entire intercompany equipment lifecycle process. This includes logistics for moving the equipment from one country to another.

Modern fleet management Image 1: Meet current and local standards, as well as global and future standards

Here’s where modern fleet management makes your commitment and decisions more manageable and profitable.

To start, modern fleet management situates all rental fleet financials within one company and allocates operational usage to various other companies. This makes it easier to monitor what’s happening across all depots. Modern fleet management gives you more control and insight. As a result, your commitments and decisions are easier to manage and more profitable. Modern fleet management meets current and local standards, as well as global and future standards.

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