Home Rental industry How to harness the power of digital technology to manage both leased and owned equipment

How to harness the power of digital technology to manage both leased and owned equipment

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Digital tools can help manage both leased and owned fleet in one place, saving time and money.

United Rentals

Whether you need to rent or return equipment, locate equipment or monitor its use, digital tools put action and information at your fingertips. Digital technology, including telematics, self-service online tools and fleet management solutions, enables construction teams to find what they need and do what they need, no matter where they are are located or what device or tool is used. Such solutions can help contractors of all sizes better manage complex projects and address the underutilization of equipment such as excavators, loaders, aerial work platforms, and more.

“In today’s world, harnessing the power of digital technology to manage construction equipment makes perfect sense,” says Ty Campbell, Sales Director, Managed Services, United Rentals. “There is cause for concern on the job site and digital tools should be an important part of managing complexity. This approach can help contractors streamline processes, save time, and gain greater control so they can achieve better results and have fewer security incidents. Teams can find and order the equipment they need, and manage leased and owned assets exactly when and how they want – without wasting a moment and with just a few clicks.

United Rentals describes the ways you can use digital solutions to manage construction equipment to create more productive job sites and more efficient, profitable businesses.

Find, rent and return equipment

Construction companies no longer need to make a phone call to reserve equipment with a rental equipment supplier. Now you can do it 24/7 at your convenience through a desktop or mobile app with a seamless experience, whether you’re ordering a forklift twice a year or 100 aerial work platforms for a single project.

You no longer need to make a phone call to reserve equipment with a rental equipment supplier.  Now you can do it 24/7 through a desktop or mobile app.You no longer need to make a phone call to reserve equipment with a rental equipment supplier. Now you can do it 24/7 through a desktop or mobile app.United RentalsWith a few clicks, construction teams can find the necessary equipment and order and rent equipment. They can also request a pickup, track equipment deliveries, adjust rental dates, access leniency windows to reduce rental costs, and see the location of all telematics equipment and assets.

If a maintenance issue arises, you can request service directly from a mobile app and even upload photos to help diagnose the issue. Digital tools are expected to continue to evolve, adding features like saving favorites and providing gear recommendations based on the type of work being done.

These tools also open the door to alerts that can help manage equipment rentals more easily and efficiently. For example, you can receive email or SMS alerts when equipment needs to be returned and potentially save thousands of dollars in late returns.

Manage the rented and owned fleet

Digital tools can help manage both leased and owned fleet in one place to save time and money. For example, they can arm you against the important issue of underutilization.

Digital tools continue to evolve, adding features like providing equipment recommendations based on the type of work being performed.Digital tools continue to evolve, adding features like providing equipment recommendations based on the type of work being performed.United RentalsThe longer an asset or piece of equipment goes unused, the more it costs your construction business, whether owned or leased. Many businesses do not regularly track usage and don’t know how much it is costing them to underuse. But usage is easy to follow in a fleet management application via desktop or mobile access.

Running usage reports and leveraging low usage alerts in real time are smart ways for you to meet your usage goals and beat the industry benchmarks. Some contractors have seen their annual rental costs cut by a third by improving usability.

An equipment management system can facilitate equipment sharing by allowing users to share equipment costs across multiple purchase orders.An equipment management system can facilitate equipment sharing by allowing users to share equipment costs across multiple purchase orders.United RentalsAnother potential money-saving system is an equipment management system. This type of system can facilitate equipment sharing by allowing users to share equipment costs across multiple purchase orders.

You can also download equipment belonging to a rental provider’s fleet management solution to take advantage of fleet maintenance tools. These tools include viewing the preventive maintenance history and current maintenance status of each piece of equipment, viewing fault codes, and managing work orders. Contractors can receive alerts when preventative maintenance is overdue.

“With the right digital tools in the toolbox, it’s possible to work smarter and accomplish more in less time with fewer resources. The best rental platforms accessible by desktop and mobile make it faster and easier to find, select, rent and sublet equipment, ”said Campbell.

“Rental providers who offer a digital fleet management solution give entrepreneurs even more power, providing visibility into both leased and owned equipment,” he continues. “This visibility can help businesses save money by increasing usage, eliminating hoarding and reducing duplication.

Item provided by United Rentals. In addition to the company’s rental services, United Rentals Total Control offers a cloud-based jobsite management solution that helps businesses manage fleets of rented and owned equipment. The United Rentals mobile app allows businesses to browse and order from the company’s equipment inventory anytime, as well as rent, expand, manage and track equipment from mobile devices.

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