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Rental Software
The rental industry spans many different types of equipment from tools to heavy construction equipment, aerial to vehicles, party and event to computers and test and measurement equipment and highly specialized areas such as Crane and Temporary Accommodation rental. In the UK and some parts of Europe it is referred to as the Hire Industry. History Like most software development, initial rental software systems were developed in the 1970s and 1980s as custom or bespoke solutions provided for individual rental companies and occurred in parallel in locations across the globe. In the last two decades a number of leading players have emerged providing solutions for everything from one or two user systems in a single store to international, multi-company and multi-location organizations. The rental industry itself continues to adapt and re-shape, as different players enter the market and national boundaries become less significant. The introduction and expansion of increasing numbe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equipment Rental
Equipment rental, also called plant hire in some countries (in the UK for instance), is a service industry providing machinery, equipment and tools of all kinds and sizes (from earthmoving to Aerial work platform, powered access, from power generation to Power tool, hand-held tools, etc.) for a limited period of time to final users, mainly to construction contractors but also to industry and individual consumers. Renting can be defined as getting equipment for a temporary purpose to help the people who are not willing to buy the equipment. History Equipment rental is a relatively new industry, first developed in Anglo-Saxon countries. It emerged in the UK after the First World War and has now become a multi-billion euro business providing a wide range of construction and industrial equipment for customers globally.The American Rental Association was founded as early as 1955, and the first waves of Consolidation (business), consolidation took place in the 1970s in North America, l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Asset Management
Mobile asset management is managing availability and serviceability of assets used to move, store, secure, protect and control inventory within the enterprise and along the supply chain or in conjunction with service providing. Mobile assets are e.g. of the classes of * returnable, reusable containers used to transport raw materials, work-in-progress and finished goods through the supply chain. * precious tools and apparatuses used in technical services and required for proper performing such services with fully valid certification * any other objects of a value that justifies additional tagging for the purpose of managing the object and its availability * any other objects with a certification that terminates after certain time which justifies the controlled return for next inspection * persons under special threat on site of operation. * Rental companies are increasingly turning to asset tracking for all larger pieces of equipment in order to manage theft, misuse of assets and to a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hire And Rental Industry Association
Hire or HIRE may refer to: * Employment * Rental or Equipment rental *Payment for the use of a ship under a time charter * Hire (surname) * Hire (Messenia), a town of ancient Messenia, Greece * Hire, Nebraska, a community in the United States * Hire Township, McDonough County, Illinois, a township in the United States * Hiré, a town in the Ivory Coast * Hiring Incentives to Restore Employment Act, a United States law enacted in 2010 *''The Hire'', short film series See also *Haier Haier Group Corporation () is a Chinese multinational home appliances and consumer electronics company headquartered in Qingdao, Shandong. It designs, develops, manufactures and sells products including refrigerators, air conditioners, washin ..., Chinese home appliances and electronics company * Hires (other) {{disambiguation, surname, geo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Rental Association
The ERA - European Rental Association is a trade association representing the equipment rental sector in Europe. History and Mission ERA was set up in 2006 to promote and represent the equipment rental industry, which was largely overlooked and seen as an integral part of the construction industry itself. ERA represents over 5,000 rental companies in Europe, either directly or through its 15 rental association members (14 national associations and one international). Its work focuses on 7 main areas: * Promotion of the rental concept * Technical issues and equipment * Statistics on the European rental market * Sustainability in the rental industry * Harmonisation of national regulations in Europe * Awareness of the challenges of the future of the rental industry * Support for rental associations Structure ERA, like most trade associations, uses working committees which meet regularly throughout the year and develop deliverables that may be of use to member companies and associ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tenant Screening
"'Tenant screening'" is used primarily by residential landlords and property managers to evaluate prospective tenants. The purpose is to assess the likelihood the tenant will fulfill the terms of the lease or rental agreement and will also take great care of the rental property in question. The process culminates in a decision as to whether to approve the applicant, approve the applicant conditionally (such as requiring an increased deposit or cosigner), or deny tenancy. Tenant screening process The tenant screening process typically begins when the prospective tenant (each adult applicant) completes a rental application and pays an application fee and perhaps a holding deposit. Rental applications are designed to collect personally identifying information (name, social security number, date of birth, etc.), address, employment, criminal, and eviction history. In addition, a signature is generally required, attesting to the accuracy of information provided, agreeing to specific t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rent-to-own
Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, real property, and engagement rings, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during the agreement. A rent-to-own transaction differs from a traditional lease, in that the lessee can purchase the leased item at any time during the agreement (in a traditional lease the lessee has no such right), and from a hire purchase/installment plan, in that the lessee can terminate the agreement by simply returning the property (in a hire purchase the buyer has a limited time, if any, to cancel the agreement). The usage of rent-to-own transactions began in the United Kingdom and Europe, and first appeared in the United States during the 1950s and 1960s. While rent-to-own terminology is most commonly associated with consumer goo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yield Management
Yield management is a variable pricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, time-limited resource (such as airline seats or hotel room reservations or advertising inventory).Netessine, S. and R. Shumsky (2002),Introduction to the Theory and Practice of Yield Management INFORMS Transactions on Education, Vol. 3, No. 1 As a specific, inventory-focused branch of revenue management, yield management involves strategic control of inventory to sell the right product to the right customer at the right time for the right price. This process can result in price discrimination, in which customers consuming identical goods or services are charged different prices. Yield management is a large revenue generator for several major industries; Robert Crandall, former Chairman and CEO of American Airlines, gave yield management its name and has called it "the single most important technical developme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Operated Equipment Rental
Operated Equipment Rental is the term used for the rental of large or complex machinery where the rental company supplies an operator or driver to operate the machinery. This is also sometimes referred to as Wet Rental (particularly in Australia), and Operated Plant (in the UK). In India, the Middle East and Asia a large percentage of all heavy equipment and cranes are supplied with operator reflecting the comparative youth of training programs for specialized operators in construction Construction is a general term meaning the art and science to form Physical object, objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Pr ... companies in those countries. Differences from other forms of rental * In this specialized market the rental charges to the customer are not purely based on the rental of the machine, but on the combined value of the machine and timesheets entered by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capacity Utilization
Capacity utilization or capacity utilisation is the extent to which a firm or nation employs its installed productive capacity. It is the relationship between output that ''is'' produced with the installed equipment, and the potential output which ''could'' be produced with it, if capacity was fully used. The Formula is the actual output per period all over full capacity per period expressed as a percentage. Engineering and economic measures One of the most used definitions of the "capacity utilization rate" is the ratio of actual output to the potential output. But potential output can be defined in at least two different ways. Engineering definition One is the "engineering" or "technical" definition, according to which potential output represents the maximum amount of output that can be produced in the short run with the existing stock of capital. Thus, a standard definition of capacity utilization is the (weighted) average of the ratios between the actual output of firms and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Invoicing
An invoice, bill or tab is a commercial document issued by a seller to a buyer relating to a sale transaction and indicating the products, quantities, and agreed-upon prices for products or services the seller had provided the buyer. Payment terms are usually stated on the invoice. These may specify that the buyer has a maximum number of days to pay and is sometimes offered a discount if paid before the due date. The buyer could have already paid for the products or services listed on the invoice. To avoid confusion and consequent unnecessary communications from buyer to seller, some sellers clearly state in large and capital letters on an invoice whether it has already been paid. From a seller's point of view, an invoice is a ''sales invoice''. From a buyer's point of view, an invoice is a ''purchase invoice''. The document indicates the buyer and seller, but the term ''invoice'' indicates money is owed ''or'' owing. Within the European Union, an invoice is primarily legally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rental Relocation
{{unsourced, date=June 2018 Rental relocations are specific to certain types of rental equipment such as portable buildings, construction trailers, large generators and heavy equipment. A rental relocation is normally required because the customer or end user of the equipment wants to move the rented item from one construction job site to another, or simply reposition on the existing site (particularly in the case of construction trailers, portable storage etc.). The key to why a relocation is necessary is that the customer does not have the resource or equipment available to move the asset. Taxation and management Within the United States market, different states, cities and counties may charge rental taxation based on delivery or shipping location, or based on the rental companies shipping address. For locations such as the UAE (Abu Dhabi, Dubai etc.) there are no taxation requirements as taxes are not raised for rental services. Rental management software can assist in managing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rental Accessories And Attachments
Rental accessories and attachments are additional equipment that supports a larger piece of equipment. When dealing with heavy and specialized equipment, they are typically referred to as attachments. Others tend to be referred to as accessories. Types Attachments or accessories can be mandatory, usually because they are essential to the smooth running of the machine, for example a rotary tool requires a point or attachment to function. They may also be optional; for example, when renting a car, child safety seats are optional. Many rental items have hidden or embedded accessories or attachments; for example, rental cars are typically supplied with a full tank of fuel. Effectively the fuel tank is an embedded accessory. Some accessories may be consumables, for example dust masks and sanding belts may accompany a floor sander. In this case, the consumables may be billed upfront, or may be supplied on a sale or return basis where the rental company charges based on the unused p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
