Scaffolding business within an equipment rental company often involves handling high volumes. It is a challenge to keep track of all those pieces of equipment as they come and go in large numbers, and there are also no unique identifiers attached to each piece of equipment. Daily business process steps such as picking, packing, and prepping your transportation along with quality inspections are very important in order to maintain this kind of rental business. To be able to perform this properly, having an up-to-date inventory is key.
Monitoring your bulk equipment
DynaRent offers a graphical overview showing you what is available in which warehouse for example. This makes it very easy to keep track of your inventory. If stock runs low in a depot, you are able to create sub-rentals or purchase orders, or transfer inventory from one depot to another.
Image 1: Overview of bulk rental equipment in Dynamics 365 for Finance and Operations
DynaRent return functionality
Another tricky aspect to maintain is your inventory on returns. For example, you often send out a large number of different kinds of tubes, and when you request a return, the tubes are lost, broken, or cut into pieces which are still usable. This is where the DynaRent return functionality comes in. Additionally, after a return, a quality inspection will often take place. Depending on the outcome of this inspection, you can register the following options, which will trigger automatic actions in the system:
- Good quality – Stock will become available in your inventory.
- Damaged – Generates repair work orders.
- Lost – Generates a financial loss journal entry.
- Scrapped – Generates a financial scrap journal entry.
- Surplus – Increases inventory.
Image 2: Example of a return journal
Curious about our solutions for your industry? We’re more than happy to provide you with a tailored demonstration. Book a free demo or download the factsheet below.
Krishna Chaitanya Polapragad
Maarten Kalf
Thomas Sonnichsen
