{"id":454,"date":"2022-02-25T11:07:07","date_gmt":"2022-02-25T11:07:07","guid":{"rendered":"https:\/\/blog.rbauction.co.uk\/?p=454"},"modified":"2022-05-12T14:29:23","modified_gmt":"2022-05-12T13:29:23","slug":"smart-fleet-management-software-isnt-just-for-big-rental-companies","status":"publish","type":"post","link":"https:\/\/blog.ritchiebros.com\/uk\/smart-fleet-management-software-isnt-just-for-big-rental-companies\/","title":{"rendered":"Smart fleet management software isn&#8217;t just for the big rental companies"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Unprecedented fleet utilization rates, extreme lead times on equipment replacements and parts procurement complexities. Many businesses in the European rental sector are experiencing pressure on uptime and their ROI. It\u2019s no surprise that the rental industry is embracing digitalization. According to Alex Schuessler, founder and president of international group <a href=\"https:\/\/www.smartequip.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"SmartEquip\">SmartEquip<\/a>, larger rental companies<em> \u201chave become far more metrics-driven and evolved their organization around that. Smaller rental companies now have access to the same technologies but the impact for them might even be more significant.\u201d<\/em><\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Even if you\u2019re an experienced equipment fleet manager, there\u2019s a possibility you\u2019re spending a lot of time searching online for OEM part numbers, sending emails back and forth to suppliers, matching prices, and correcting invoices of purchased parts afterwards with your accounts payable department.<br><br>For decades, Ritchie Bros. has helped businesses buy and sell equipment. Supporting fleet owners throughout the equipment lifecycle has long been a dream. That dream became a reality in 2021 when SmartEquip joined the RB family. Their pioneering technology connects equipment owners with manufacturers and dealers through an elegant, powerful platform that delivers streamlined access to support and parts with just a few clicks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>SmartEquip \u2013 Efficiencies and savings through technology<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">SmartEquip is an innovative company that evolved directly from the heavy equipment industry. They cultivated a deep understanding of how to support rental companies and other fleet owners throughout machine lifecycles. The main goals? Providing efficiencies for companies managing fleets and equipment manufacturers in parts procurement and product support to increase the uptime of machinery.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>We came out of the equipment industry, specifically the rental industry, and we realized that while major progress had been made in purchasing and procurement systems, very little of that technology lent itself to managing the equipment lifecycle.<\/p><cite>Alex Schuessler, Founder and President, SmartEquip<\/cite><\/blockquote>\n\n\n\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/ycqvYVX44qk\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The best technology is now accessible to everyone<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Physical warehouses for spare parts used to be a hallmark of larger contractors and equipment rental companies, as they could have hundreds of locations to which parts needed to be shipped. Bigger companies are moving away from physical warehouses and using platforms like SmartEquip as a \u201cvirtual\u201d warehouse. Fleet owners or technicians can find the part they need in the SmartEquip database and the system will determine the closest supplier who can then rapidly ship the item to the customer\u2019s location. And if they need assistance on servicing the equipment the product support materials are also available. <\/p>\n\n\n\n<div class=\"wp-block-stackable-icon-label stk-block-icon-label stk-block stk-0802cc8\" data-block-id=\"0802cc8\"><div class=\"stk-row stk-inner-blocks stk-block-content\">\n<div class=\"wp-block-stackable-icon stk-block-icon has-text-align-left stk-block stk-4dabd68\" data-block-id=\"4dabd68\"><span class=\"stk--svg-wrapper\"><div class=\"stk--inner-svg\"><svg style=\"height:0;width:0\"><defs><linearGradient id=\"linear-gradient-4dabd68\" x1=\"0\" x2=\"100%\" y1=\"0\" y2=\"0\"><stop offset=\"0%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-4-dabd-68-color-1)\"><\/stop><stop offset=\"100%\" style=\"stop-opacity:1;stop-color:var(--linear-gradient-4-dabd-68-color-2)\"><\/stop><\/linearGradient><\/defs><\/svg><svg aria-hidden=\"true\" focusable=\"false\" data-prefix=\"fas\" data-icon=\"wrench\" class=\"svg-inline--fa fa-wrench fa-w-16\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\" width=\"32\" height=\"32\"><path fill=\"currentColor\" d=\"M507.73 109.1c-2.24-9.03-13.54-12.09-20.12-5.51l-74.36 74.36-67.88-11.31-11.31-67.88 74.36-74.36c6.62-6.62 3.43-17.9-5.66-20.16-47.38-11.74-99.55.91-136.58 37.93-39.64 39.64-50.55 97.1-34.05 147.2L18.74 402.76c-24.99 24.99-24.99 65.51 0 90.5 24.99 24.99 65.51 24.99 90.5 0l213.21-213.21c50.12 16.71 107.47 5.68 147.37-34.22 37.07-37.07 49.7-89.32 37.91-136.73zM64 472c-13.25 0-24-10.75-24-24 0-13.26 10.75-24 24-24s24 10.74 24 24c0 13.25-10.75 24-24 24z\"><\/path><\/svg><\/div><\/span><\/div>\n\n\n\n<div class=\"wp-block-stackable-heading stk-block-heading stk-block stk-c5c596c\" data-block-id=\"c5c596c\"><h4 class=\"stk-block-heading__text\"><strong><a href=\"https:\/\/www.smartequip.com\/case-studies\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"Discover how fleet owners and suppliers are using SmartEquip\"><span style=\"color: #ff6900;\" class=\"stk-highlight\">Discover how fleet owners and suppliers are using SmartEquip<\/span><\/a><\/strong><\/h4><\/div>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">In recent years, small to medium-sized companies have started to gain access to the same technologies that had previously only been available to larger companies.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>The gains for smaller companies are perhaps even larger because they\u2019re now saving resources. Their service technicians are doing what they\u2019re best at \u2013 servicing the machines instead of doing a lot of administrative work.<\/p><cite>Alex Schuessler, Founder and President, SmartEquip<\/cite><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Larger companies are able to save money by no longer having to maintain a network of physical warehouses. And smaller companies that didn\u2019t have that infrastructure in the first place can also benefit from this technology by treating their suppliers as their virtual warehouses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>European technology trends to watch<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The past two decades have seen incredible new technologies coming onto the scene and this trend shows no signs of slowing down. Artificial intelligence, machine learning, and more are shaping up to be exciting developments for the industry. However, one of the key trends that\u2019s currently emerging is the drive to integrate and automate the solutions that are currently available for equipment lifecycle management.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Solutions such as telematics, service management software, workflow optimization platforms, and other products are becoming interconnected. Many machines will soon be self-regulating and capable of initiating parts procurement without the involvement of a technician. Productivity and operating time are increased, while at the same time, savings in time and money are being realized on a larger scale.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>There are bound to be tremendous efficiency gains from this coordination over the next decade.<\/p><cite>Alex Schuessler, Founder and President, SmartEquip<\/cite><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">You don\u2019t have to be a large company or have a huge fleet to be able to take advantage of the SmartEquip platform. Anyone, regardless of how many machines you may have, can subscribe to the service and enjoy the benefits of being connected equipment manufacturers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unprecedented fleet utilization rates, extreme lead times on equipment replacements and parts procurement complexities. Many businesses in the European rental sector are experiencing pressure on uptime and ROI of European rental companies. It\u2019s no surprise that the rental industry is embracing digitalization.<\/p>\n","protected":false},"author":8,"featured_media":459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[14],"tags":[18,25,23,21],"class_list":["post-454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-insights","tag-construction","tag-interview","tag-market-trends","tag-services"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Unprecedented fleet utilization rates, extreme lead times on equipment replacements and parts procurement complexities. 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