Key Performance Indicators for Rental Companies
Rental companies need to constantly evaluate their Key Performance Indicators (KPIs) in today’s competitive landscape. It’s important to know your KPIs so you can benchmark yourself against your peers in the rental industry.
Though you may benefit from favorable market conditions, operational excellence and efficiency doesn’t just happen overnight. Management must still rely on people, processes and technology to streamline operations and improve profitability.
- Equipment utilization and maintenance history/costs
- Operations performance of your processes and technology
- Customer contracts, reservations billing, and revenue
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Still not convinced? In this product guide, you’ll learn how:
Create and assess financial scenarios to set targets for your annual operating plan
More precisely maintain, control and improve areas related to the three KPIs groups
Determine which reports to build to combine metrics into a customized, easy-to-read format