Improve asset utilisation, improve efficiency, achieve KPI’s, collate business intelligence, ensure legislative compliance, just snippets of what we strive to achieve on a daily basis. But where do you start and what is the priority?
Measuring and monitoring may sound obvious but in the cut-throat plant, equipment and tool hire market it is critical for business success.
According to Jordan Thompson, hire software manager at market leading software innovator Jaama, it is critical that hirers utilise technology to maximise and grow their business potential, starting with a complete audit trail that clearly identifies:
•All legislative compliance requirements are up-to-date
•The exact location of all equipment in terms of who the customer is
•A full history of all assets to maximise stock utilisation.
Ms Thompson said: “Without that information at the fingertips of management, businesses will become inefficient and potentially lose money because they will not be maximising hiring opportunities. What’s more, companies could be investing in plant and other equipment that is rarely out of the yard when they could maximise increased hire opportunities by purchasing additional examples of in-demand machines and other equipment.”