In the world of business, key performance indicators (KPIs) serve as a compass, guiding organizations toward their goals and objectives. For equipment rental businesses, success is often measured by a variety of metrics that can help in making informed decisions, improving efficiency, and maximizing equipment profitability. In this article, we’ll explore seven essential KPIs for…
In the post-pandemic economy, businesses must deal with the effects of high interest rates. Affected industries include trailer, RV, and equipment businesses and dealerships. High-interest rates can exert a significant influence on these businesses, creating a ripple effect that touches both their customer base and operations. Let’s explore how high-interest rates can impact customers of…
Equipment rental businesses play a vital role in various industries, offering cost-effective solutions for companies that need access to specialized tools and machinery without the burden of ownership. However, managing an equipment rental business can be challenging, with several factors impacting profitability. In this article, we’ll explore five effective ways to boost equipment rental profitability….
Running a successful equipment business requires more than just offering top-notch machinery and tools. To stay ahead in this competitive industry, you need effective strategies that can help you grow and thrive. In this article, we’ll explore three powerful tactics to boost your equipment business’s growth, with a particular focus on the role of technology,…
ANCHORAGE, Alaska – Sept. 26, 2023 — WebbRes, a provider of specialty dealership management systems (DMS), is proud to announce the much-anticipated 2023 Fall Release Version 2.0.50. This transformative update ushers in a new era of efficiency and productivity for businesses by further integrating sales, service operations, and rentals into one streamlined platform. WebbRes understands the challenges faced…
Inventory management is a crucial aspect of any equipment rental business software. Whether you’re operating a construction company, an event rental service, or a healthcare facility, efficiently managing your equipment inventory is essential for profitability and customer satisfaction. In today’s digital age, leveraging equipment rental software can significantly streamline this process, leading to increased efficiency…
Introduction Car sharing platforms have revolutionized the way we approach mobility, offering convenience and flexibility to both travelers and car owners alike. However, as the popularity of these platforms grows, so do the challenges faced by hosts seeking to rent out their vehicles. From complex insurance claims to late returns and poor communication, the hurdles…
In today’s digitally connected world, Gen Z and Millennials are shaping the future of the recreational vehicle (RV), equipment, and trailer industries. With their inherent familiarity and reliance on technology, these tech-savvy generations are demanding more immersive digital experiences when it comes to engaging with dealerships. This shift in consumer behavior has prompted RV, equipment,…
The transportation industry is experiencing a significant shift in consumer expectations. Traditionally, the focus has been primarily on the sales aspect, with limited attention given to post-sale servicing. However, an emerging trend is changing this landscape. Increasingly, consumers are seeking a seamless ownership experience that includes post-sale servicing built into their vehicle purchase. As a…
A strategy that has gained traction in recent years is the cross utilization of equipment between the sales and rentals of a dealership.
