- Home
- Equipment Rental
- Inventory Management
Rental Inventory Software
Optimize rental inventory to maximize utilization, efficiency, and safety
Effortlessly manage your equipment rental inventory—whether serialized or bulk. Source, store, track, schedule, maintain, and reuse your equipment optimally with Rental Inventory Software embedded in Microsoft Dynamics 365 Finance and Supply Chain Management.
Experience our Rental Inventory Software firsthand
Managing equipment rental inventory
Managing inventory is the backbone of any rental business, as it ensures operational efficiency and financial stability. As an equipment rental company, you might handle serialized items, bulk equipment, or a mix of both in the inventory. With a complex blend of offerings, tracking and locating your inventory is crucial.
An effective Rental Inventory Software optimizes resource allocation, minimizes downtime, and maximizes utilization rates by tracking equipment availability, location, and condition. It enhances customer satisfaction, reduces double bookings, and boosts revenue for your business. You can strategically plan equipment maintenance to extend fleet lifespan, lower repair costs, mitigate accident risks, and safeguard compliance and reputation.
Key Challenges
Inaccurate inventory data
Higher maintenance costs
Inability to track equipment
Manage serialized and bulk inventory
Monitor equipment availability
Conduct timely maintenance
Benefits
The graphical plan board in the Rental Inventory Management Software offers details on customer requirements in a centralized area to streamline planning and order fulfillment.
The software ensures your assets perform optimally by focusing on quality, performance, and availability to bolster revenue and improve overall equipment effectiveness.
Preserve working capital and eliminate process inefficiencies with strategic maintenance scheduling to extend equipment lifespan, lower repair expenses, and minimize downtime.
With Rental Inventory Software, you can get information on spare parts needed, equipment availability, and personnel to optimize resource allocation and reduce double bookings.
The real-time tracking and monitoring feature within the Rental Inventory Management Software facilitates better asset management and reduces the risk of lost or misplaced equipment.
Access to accurate inventory data within the software enables regular maintenance and safety checks, ensuring regulatory compliance and reducing the risk of liabilities.
Features
Inventory Counting
Inventory Counting
View, count, and analyze inventory for different legal entities using periodic rental counting. Block specific operations, such as scheduling and delivery, to prevent negative stock.
Long-Term Scheduling
Long-Term Scheduling
With insights into business object availability and equipment on-rent and off-rent dates, you can predict future equipment availability and plan your inventory for the long term.
Service Execution
Service Execution
Maximize the uptime of your rental equipment by executing timely maintenance and servicing on-site or off-site using the Rental Inventory Management Software.
Resource Management
Resource Management
Schedule the spare parts, sub-parts, and any additional components or consumables you need using 'material requirement planning' to ensure the job starts on time.
Work Order Management
Work Order Management
Generate work orders, manage tasks, and create quotes using graphical dashboards to plan and schedule equipment for service, delivery, or transport.
Frequently asked questions
Do you support standard items (consumables) in combination with rental equipment/objects?
Yes. You can combine rental assets (equipment/objects) with standard items in one rental contract and easily sell the consumables as part of the main rental object. For instance, you can rent a crane and individual consumables such as brake shoes or crane cables. The Rental Inventory Software allows you to build rental kits or bundle packages often rented together. This also makes it easier for your customers to rent out all the required equipment from one place at competitive prices.
What inventory management methods do you support?
With flexible viewing options, you can check the availability of fleets, assets, and business objects based on specific parameters for a particular duration. You can view, count, analyze, and plan your stock with our Rental Inventory Software based on the following:
- Rental on-hand: the rental contract/ commitment to the customer/ on-rent and off-rent dates
- Physical Rental Quantity: the real-time warehouse operations/ system date and time
Depending on your preference, you can set up functionalities within the software to gain greater control over your inventory and maximize asset utilization.
How do you manage serialized and bulk rental inventory?
With serialized rental inventory management, you can monitor high-value equipment or tools requiring unit-level tracking. It leverages scanning technologies to ease the inventory management process. Tracking each item's usage, maintenance, and repair history makes it easier to identify issues, schedule necessary maintenance or repairs, and identify lost or stolen items, reducing the risk of theft.
With bulk/non-serialized rental inventory management, you can monitor large volumes of inventory movement based on the total amount ordered and account for it by units of measurement in weight, height, or number. You can ship, pack, and rent products together in large quantities. You can also categorize equipment by type, size, and usage to track which equipment is available for rent and which is undergoing maintenance.
Can I use my own search criteria to find assets in the inventory?
Yes. Our Dynamic Field Management enables you to set up your search criteria per asset group without any dependency on coding or development. You can easily add frequently asked fields like maximum height, weight, fuel type, date, and checkboxes to offer maximum information to your customers.
Resources
Scroll to