Solutions for the Rental Industry - PowerPoint PPT Presentation

1 / 13
About This Presentation
Title:

Solutions for the Rental Industry

Description:

Heavy Equipment rentals are typically charged upon how long each customer retains each machine. ... Equipment Rental. Equipment Sales (the rental machines are ... – PowerPoint PPT presentation

Number of Views:145
Avg rating:3.0/5.0
Slides: 14
Provided by: bob4149
Category:

less

Transcript and Presenter's Notes

Title: Solutions for the Rental Industry


1
Presents
E-Fleets In-Touch
Solutions for the Rental Industry
2
In-Touch
The Equipment Rental Industry
Background Equipment rental organizations have
large investments in assets that are often
distributed over wide areas. Objectives Tracking
each assets location is critical to ensure
against theft Monitoring each assets Engine
Run-Hours is essential in scheduling timely
Services Monitoring each assets usage levels can
also protect against abuse Problems Present
methods to track and manage these machines are
typically manual, and hence error-prone and
expensive. Present methods cannot meet regulatory
requirements (SarbOx, California AQMD) Net
Result Lost revenues / Upset customers /
Governmental compliance issues
3
In-Touch
Generator Rentals - Challenges
  • Generator rentals are charged by the capacity of
    each machine, and by how long each machine is
    rented. In addition, some rentals also charge a
    premium for high usage levels.
  • It is difficult for a rental company to know how
    much a machine has been used when it is in the
    field. Some customers lie about their usage, and
    some even disable the Engine Hour-Meters.
  • Many service companies are responsible for
    performing oil changes and even re-fueling the
    generators.
  • Again, it is often difficult to know when to
    schedule the onsite calls for service or for
    re-fueling. Relying upon the rental customers
    input is not always a good option.
  • Rental units are often deployed to remote
    locations, where access is difficult.
  • False dispatches can be expensive and
    time-consuming.

4
In-Touch
Generator Rentals - Challenges
In-Touch delivers the key information to enable
generator rental companies to ensure efficient
operations and to protect themselves from
customer abuse. Location info Engine Run-Hour
Info (inc. each Start / Stop) Utilization by
Jobsite (can be used to ensure accurate
billing) Security features, including Geo-Fence
and Curfew In-Touch provides real-time
Alert Notifications (technicians will
understand the problem before they arrive
onsite). General Fault / Common Alarm Low
Fuel Oil Pressure Temperature Low Battery Other
Alert Notifications
(user configurable)
5
In-Touch
Generator Rentals - Challenges
Many generator companies specialize in offering
certain types of generators. They may elect to
only carry certain types of machines (for
example, some companies only carry large
generators capable of provide 500KV or more).
However, generator companies NEVER say no to a
customer. If a customer requests a type of
machine that the rental company does not carry in
their inventory, they will simply acquire it from
another rental company, and then rent it to the
customer. These deals are called re-rents. The
second rental company - which supplies the
machine to the re-renting company - must be
confident that they will be paid for the use of
their machine. If there is enough trust between
the two organizations, the equipment owners may
even allow their machines to be stored onsite at
the other companys facility, knowing that any
machine may be re-rented to a customer at any
time. This type of arrangement can work well for
all parties, but it requires the equipment owner
to trust the renting company. That trust can be
broken if a machine is rented to a customer, but
the equipment owner is not informed and does not
receive any revenues for his equipment. The
In-Touch solution allows the owner of a machine
to allow it to be re-rented without risk. If
the machine should leave the storage yard - or
if its engine should run for any extended period
of time - the fleet manager will be immediately
notified. This eliminates any risks and makes the
re-rent business model very safe and attractive.
6
In-Touch
Heavy Equipment Rentals - Challenges
  • Heavy Equipment rentals involve many of the same
    challenges as the Generator rentals.
  • As with generators, the heavy equipment rental
    company should track each machines location and
    engine run-hours to protect against theft, and to
    ensure proper Service. However, re-fueling
    agreements and re-rents are not common in this
    market.
  • Heavy Equipment rentals are typically charged
    upon how long each customer retains each machine.
  • However, customers can call a machine off-rent
    by notifying the rental company that they will
    not use a machine during a specific period of
    time (usually a few days or more), based upon
    issues such as inclement weather work stoppage
    due to permit delays or other events beyond
    their control.
  • The rental company must take the customer at
    his word that the machine wont be used during
    that period of time. The rental company will not
    bill the customer during that off-rent period.
  • Customers can notify the rental company at any
    time that they no longer need the machine, and
    that they wish to conclude the rental.
  • The machine will immediately come off-rent,
    meaning the customer will no longer be billed for
    it.
  • Some customers will deliberately call a machine
    off-rent on a Friday morning, knowing that the
    rental company cannot send a truck to pick it up
    until the following week. The customer may then
    use the machine over the weekend at no charge,
    until the rental company retrieves it the next
    week.

7
In-Touch
Heavy Equipment Rentals - Challenges
In-Touch delivers the key information enabling
equipment rental companies to ensure efficient
operations and to protect themselves from
customer abuse. Location info Engine Run-Hour
Info (inc. each Start / Stop) Utilization by
Jobsite Service Due reminders Security
features, including Geo-Fence and Curfew
The In-Touch usage reports include each engine
ON and OFF event. This information enables
equipment managers to know if a customer has used
a machine even after he called it off-rent.
The In-Touch solution is also very scalable
it can support any make or model of machine, as
well as non-powered assets such as storage
containers, water tanks, and portable restrooms.
In-Touchs broad capabilities enable the
organization to manage its entire range of
assets.
8
In-Touch
Heavy Equipment Rentals - Challenges
Heavy Equipment rental companies often try to
achieve three forms of revenue for each
machine. Equipment Rental Equipment Sales (the
rental machines are sold as used
equipment) Equipment Services The rental
companies realize that a good maintenance program
will allow them to collect a premium price for
each used machine they sell. In other words,
good equipment maintenance is the key to this
type of business program. The In-Touch solution
helps the heavy equipment rental companies to
enforce proper Service intervals, and even to
protect themselves against certain forms of
equipment abuse. Bottom Line In-Touch can help
them meet their business objectives.
9
In-Touch
Real-Time Reporting And Alerts
Customer Asset Description Unit ID, and Branch
ID Current Engine Hours Service Due Average
Utilization Geo-Fence
10
In-Touch
Real-Time Reporting And Alerts
Fleet Mapping Different icons for different
machines Drill-down for details for any specific
asset
11
In-Touch
Real-Time Reporting And Alerts
Asset Control Full mapping zoom In/Out Update now
- Set Geo-Fence - Set Curfew - Show Track
12
In-Touch
Real-Time Reporting And Alerts
Jobsite Utilization Info Custom
Jobsites Automatic Jobsite Utilization Reports by
Asset Automatic Asset Utilization Reports by
Jobsite
13
In-Touch
Real-Time Reporting And Alerts
History Log Shows all messages sent to / from the
machine Indicates the originator of
each message Messages indicate Each engine on /
off Cumulative hours Usage by Jobsite Alert
Notifications for
Service Due Geo-Fence violation Curfew
violation Low Battery
Write a Comment
User Comments (0)
About PowerShow.com