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Unlocking Efficiency: Why Rental Companies Embrace Equipment Tracking




In the ever-evolving landscape of equipment rental, tracking has emerged as a game-changer. Here are the top reasons why savvy rental companies are embracing this transformative shift:

 

Optimized Asset Utilization:

Ensuring optimal asset utilization is crucial for sustainable growth and profitability. The Pedigree Technologies OneView Platform enables effective monitoring of equipment, offering reports that provide clear insights into usage patterns and identifying underused, overused, or equipment in downtime for maintenance or repair. Monitoring these activities helps maintain a well-balanced fleet, quickly pinpointing areas of opportunity for companies through equipment utilization reports.


Cost Control: 

Usage Reporting helps track idle time to reduce fuel expenses. It aids the identification of underutilized assets, allowing for strategic decisions to reallocate equipment where needed. Additionally, it helps prevent unnecessary investments in unused or underused equipment, leading to cost savings on maintenance, replacements, or acquisitions to streamline costs and boost profitability.


Data-Driven Insights:  

With telematics, data is becoming more accessible than ever before. Equipment rental companies can effectively organize their equipment’s data to provide actionable insights into the equipment’s performance, usage patterns, and alert on potential issues. Through customized dashboards, companies will gain visibility of how their equipment is performing. Dashboards provide critical operational feedback, allowing rental companies to make more informed decisions based on actual data.


Global Visibility:

With GPS tracking, rental companies gain a global view of their assets' locations on a single platform, OneView, gaining visibility into their inventory. This facilitates streamlined logistics, reducing the risk of loss and enhancing overall fleet management.


Maintenance Efficiency:

Equipment tracking enables the early detection of equipment issues. Being proactive allows for predictive maintenance, reducing unexpected breakdowns, minimizing repair costs, and extending the lifespan of equipment. The Pedigree Technologies OneView platform will inform you about upcoming maintenance tasks such as an oil change or tire change, ensuring timely attention to necessary maintenance activities.


Enhanced Customer Service:

Equipment tracking establishes a platform for clear communication between rental companies and customers. Any delays, returns, or issues can be communicated proactively, managing customer expectations effectively and ensuring a seamless rental experience.


Automation Integration:   

Companies can empower the OneView Platform to automate equipment reports, providing comprehensive insights into equipment usage patterns, facilitating efficient billing processes, and ensuring accurate and timely invoicing for customers.


Security and Theft Prevention:

The use of GPS tracking by rental companies acts as a deterrent against theft and unauthorized usage, while also aiding in the recovery of stolen equipment. With the OneView Platform, rental companies can create alerts to receive a notification when equipment is moved, allowing for prompt action and minimizing potential losses.


Tech-Savvy Competitiveness:

Embracing equipment tracking positions rental companies as tech-savvy industry leaders, attracting customers who value innovation, efficiency, and reliability. Companies can leverage emerging business opportunities, maintaining a leading position in the continuously evolving rental industry.

 

Stay ahead of the curve! The demand for rental equipment is growing. By incorporating equipment tracking technology, rental companies are not just adapting to change; they're shaping the future of the industry.


Ready to talk to a Pedigree Technologies expert about how we can help support you and your rental business?


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