Running an equipment rental company is an exercise in balance; managing inventory, assets, and billing needs, are challenges that need your attention. To ensure success, equipment rental companies should be able to make smart, strategic decisions quickly. Enter business intelligence. Business intelligence capabilities allow you to turn your data into action. The advantages of using… Continue reading Using Business Intelligence to Manage Your Equipment Rental Company
Category: Industry
Effectively Managing Rental Units with Dynamics NAV and RPM
Effectively managing all aspects of rental units (costs, depreciation, location, etc.) is one of the main pain points we hear about when talking with those in the rental industry. Companies struggle knowing exactly how well their rental units are performing. They find it challenging to find exactly where any given piece of equipment is at… Continue reading Effectively Managing Rental Units with Dynamics NAV and RPM
Rental Process Management Software Can Help Manage Equipment Maintenance
Not to put too fine a point on it, but ensuring your equipment is in top shape and able to be used at capacity is the very essence of success in the equipment rental industry. The key to ensuring success is equipment maintenance management effectiveness; being able to manage preventative, scheduled, reactive, and predictive maintenance… Continue reading Rental Process Management Software Can Help Manage Equipment Maintenance
Manage Rental Billing with SuiteEngine RPM Software
One of the most interesting aspects of the equipment rental industry is the plethora of ways in which equipment rental companies calculate and bill their clients for the rental of their equipment. Options include everything from daily utilization billing, to monthly rentals with excess usage charges, to giving a customer the best price possible based… Continue reading Manage Rental Billing with SuiteEngine RPM Software
Why Manufacturing Companies Need ERP
Enterprise Resource Planning (ERP) software, despite its name, is not just for enterprise-sized companies. Almost all businesses, regardless of size, can benefit from an ERP solution. This is true for manufacturing companies in particular as an ERP can be the competitive edge in an increasingly competitive industry. Many ERP systems enable manufacturing companies to share… Continue reading Why Manufacturing Companies Need ERP
Online Marketplaces and Dynamics NAV ERP
Online Marketplaces and ERPs Congratulations, you’ve just signed a Deal with Amazon…now what? Over that past few years, Amazon and other online marketplaces have exploded in revenue, product offerings, and market presence. Amazon alone saw the number of items it offers grow from 232 Million in 2013 to over 488 million in 2015. Amazon Prime… Continue reading Online Marketplaces and Dynamics NAV ERP
New and Changed Item Setups for MRP Planning in Dynamics NAV 2013
The MRP planning functionality beginning with Microsoft Dynamics NAV 2013 has some changes from the previous versions of NAV to be aware of when setting up items for MRP planning. If we look at the Planning Tab of an Item Card, we can see the following new fields: Dampener Period Dampener Quantity Lot Accumulation Period… Continue reading New and Changed Item Setups for MRP Planning in Dynamics NAV 2013
A Brief Definition of Time in Microsoft Dynamics NAV Manufacturing
In order to set up Routings in Dynamics NAV and understand their Cost Accounting effects, one needs to know how time is defined. In a Routing there are ‘Value Added Times’ and times just for scheduling purposes. Value Added Times Setup Time – The time to set up a machine or to get ready to… Continue reading A Brief Definition of Time in Microsoft Dynamics NAV Manufacturing
Item Substitutions in Microsoft Dynamics NAV
There are times in a manufacturing company where substitute items that are not on the Bill of Material are OK to use if the preferred item is not available. Often this substitution has to be approved by an engineer and is usually in the form of a ‘Usage Variance’. If substitutions are a common event,… Continue reading Item Substitutions in Microsoft Dynamics NAV
What IoT Means for Manufacturers
Internet of Things (IoT) as an industry is projected to grow from 5 billion devices installed in 2015 to 24 billion in 2020. By the end of 2017, 76% of manufacturers will be involved in the industry growth and foresee launching industrial IoT applications and use of smart devices. IoT can be a huge game… Continue reading What IoT Means for Manufacturers