Rental Management 301: Advanced Rental-Module 4: Forecasting/Budgeting

Module 4: Forecasting/Budgeting - Part 2

Video Transcription

Video Summary

In this video, the speaker discusses how to create an accurate forecast for the year. They mention considering seasonality, rental fleet mix, financial utilization, and fleet growth. They explain how to calculate revenue estimates based on inventory and financial utilization. They also discuss cost of goods sold, including depreciation and maintenance costs. Fixed and variable expenses are explained, with examples given for each. The video concludes by emphasizing the importance of forecasting and budgeting for effective rental management and delivering profits to the company.

Keywords

accurate forecast

seasonality

rental fleet mix

financial utilization

fleet growth