How to Manage Equipment Rental Costs In the quest to optimize expenses in equipment rentals, we’ve gathered insights from CEOs and operations managers, among other experts. They share eight cost-saving strategies, ranging from consolidating rentals for volume discounts to investing in rental equipment protection, to help you effectively manage and control these costs. Consolidate Rentals for Volume Discounts Plan Rentals with Project Materials Negotiate Bulk-Rate Discounts Analyze Rental vs. Ownership Costs Schedule Equipment Downtime Create Shared Equipment Pools Cultivate Long-Term Supplier Partnerships Invest in Rental Equipment Protection Consolidate Rentals for Volume Discounts The key to effectively managing the cost…

Working Capital Shortfalls: How to Cope in Tough Times? Navigating through financial turbulence is a challenge many CEOs and business founders face, prompting us to explore their strategies for managing working capital shortfalls. From utilizing short-term loans to offering pre-sales to loyal customers, we present eight insightful tactics shared by seasoned executives on steering their businesses through challenging financial periods. Utilize Short-Term Loans Implement Multi-Pronged Cash Flow Control Maximize Personal Credit Lines Strategize and Communicate Through Shortfalls Cut Costs and Focus on Income Prioritize Spending and Improve Cash Flow Tighten Inventory and Diversify Revenue Offer Pre-Sale to Loyal Customers…

4 Equipment Financing Success Metrics to Track Understanding the success of equipment financing is crucial for any organization, which is why we’ve gathered insights from top executives, including CEOs and directors. From tracking ROI and maintenance costs to monitoring utilization, discover the four key performance metrics these leaders use to navigate the complexities of equipment financing. Track ROI and Maintenance Costs Review Financing Rates Quarterly Calculate Equipment Downtime Monitor Utilization and Debt-Service Coverage Ratio Track ROI and Maintenance Costs Return on Investment (ROI): The most direct indicator of success is whether the financed equipment is generating a good return…