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

Module 2: Fleet Management - Part 8

Video Transcription

Video Summary

Having good data and analysis tools is crucial for a rental manager to effectively measure and monitor the performance of their fleet. Organizing the data by categories and classes of equipment allows for better analysis. Two important reports to consider are the income report and time utilization report. By examining these reports, rental managers can identify the winners and losers in their fleet. For the winners, they must understand why these machines are performing well and consider whether to add more units or raise rental rates. For the losers, rental managers should determine why these machines are underperforming and evaluate whether it's a temporary dip or a more significant issue.

Keywords

rental manager

data analysis

fleet management

income report

time utilization report