Tips for Lowering Your Rental Fleet Total Cost of Ownership-Tips for Lowering Your Rental Fleet Total Cost of Ownership

Tips for Lowering Your Rental Fleet Total Cost of Ownership

Video Transcription

Video Summary

In this webinar, Theo Rindenburg from DLL discusses the importance of controlling the total cost of operation (TCO) and total cost of ownership (TCO) of rental fleets. The TCO includes the purchase price of equipment as well as costs such as repairs, maintenance, and insurance. Rindenburg emphasizes the need for companies to have control over their fleets and suggests creating an inventory and web portal to track assets. He also mentions the importance of capturing data on maintenance, usage, and costs to help make informed decisions about fleet management. Rindenburg recommends using QR codes or telematics to track assets and suggests considering lease versus buy options based on utilization rates. He also emphasizes the need for lifecycle asset management and using data to estimate the lifespan of equipment to help control costs. Overall, Rindenburg explains how implementing these control measures can help companies save money and improve the efficiency of their rental fleets.

Keywords

TCO

fleet management

asset tracking

maintenance data

lease vs buy

cost control

efficiency improvement