Every business aspires to reduce its expenses while increasing profitability and the rise of strong IT and software resources has made this goal an achievable one for companies across industries.

 

For hire businesses, a solution like equipment hire software is the only effective way to meet the burgeoning demand for rental equipment while also containing costs.

 

 

Here are some of the ways equipment hire software improves the cost-efficiency of your business.

 

 

Organise and maintain your equipment

 

 

When running an equipment hire business, the one thing you can't afford is losing track of your equipment.

 

 

It’s vital to be in the know about your assets so you can give clients what they need whenever they need it, keep track of equipment condition, and manage your stocks.

 

 

With the asset tracking features enabled by hire software, you can use GPS tracking to achieve this with ease. Find the current location of your equipment, ensure that your assets are returned on time and that they don't fall into unauthorised hands.

 

 

What’s more is that you can scan your assets with tagging tools—barcodes, QR codes, or RFID tags—and receive information on their condition, cost, who is using them, and when they require maintenance.

 

 

The result? Narrow down the time you lose to poor handling, manual and inefficient tracking, or late maintenance. Save on what you’d spend on re-purchases and replacements, increasing your profits effectively and improving your asset lifecycles.

 

 

Exercise better control over inventory management and purchase

 

 

Greater transparency into your hire management process brings us to the next advantage; greater stock control.

 

 

Using the purchase control features of your equipment hire software, you can set minimum and maximum stock limits, ensure you have enough stock on call and only place purchase orders when necessary.

 

 

With your forecasting capabilities, you can also:

 

 

• Avoid deadstock


• Avoid double booking


• Predict future resource demands


• Predict new resources requirements


• Give your clients more assurance over delivery


 

 

 

You can also control where the stock needs to be delivered and make sure your warehouses are running at their most efficient.

 

 

By going digital, you automate your purchase orders, invoices, and billing—and put an end to the increased risk of human errors in your calculations, accounts and finances that lead to tremendous losses.

 

 

Get ready for the future of the market

 

 

Resource planning tools also prepare you to make better decisions and become more responsive to changes in the market.

 

 

Forecasting features, for example, let you see your high demand resources based on past transaction records instantly and let you maintain your resource planner seamlessly. With a full picture of your availability, you can also identify resource defects, gaps, and other operational weaknesses that need to be resolved.

 

 

The power of forecasting and analysis don't end there.

 

 

Thanks to more accessibility and insight into your employee records, you can also receive notifications about lapses in employee records or if resources are allocated work outside their qualification.

 

 

In other words; streamline and optimise your resources so that your operations always meet the compliance needs and standards of your industry!

 

 

Boost sales by creating customer loyalty

 

 

As your new software takes over the brunt of effort and time-consuming operations, your team can focus on higher value-added tasks, focus on your customer service and create a better customer experience.

 

 

The joint power of real-time data, greater stock control and asset management, equipment hire software make your workforce the most productive they can be.

 

 

Eliminate time wasted entering information, managing paper documentation and reduce operational oversights by limiting human error and miscommunication—with increased visibility and utilisation of your resources, you can ensure your staff is qualified to complete the tasks they are allocated so your clients get an enhanced experience.

 

 

Your company's professional reputation is secured through these efforts, and you reap the benefits of fostering a loyal customer base and strong advocates for your services.

 

 

Equipment hire software makes your operations smarter

 

 

As the demand for rental equipment grows, so will your operations.

 

 

With equipment hire software, you can effectively meet this demand with minimal bottlenecks, keeping both your teams and your clients happy!

 

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