Rental Management 301: Advanced Rental-Module 2: Fleet Management

Module 2: Fleet Management - Part 5

Video Transcription

Video Summary

As a rental manager, it is important to monitor key performance indicators (KPIs) to effectively manage and operate the rental fleet. Revenue alone is not enough to assess performance. KPIs such as time utilization, inventory on rent, average rental contract length, missed rental opportunities, number of rental transactions, open contracts, active accounts, market segments, average rental contract value, new rental customers, and service cycles are essential. These KPIs provide insights into fleet efficiency, asset utilization, revenue potential, customer acquisition, and service efficiency. Monitoring and analyzing these KPIs allows rental managers to make informed decisions and improve overall business performance.

Keywords

rental manager

KPIs

rental fleet

fleet efficiency

business performance