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Boosting Rental Business Success with Order Time Inventory

Written by Michael DeFelice | Dec 18, 2023 4:44:06 PM

Order Time Inventory Rentals provides a tailored solution for rental businesses, offering competitive pricing and user-friendly software. Elevate your heavy equipment rental business with flexible rental contracts, a color-coded dashboard for efficient management, and seamless invoicing. Enjoy complete control over the rental process, inventory purchasing capabilities, and easy tracking with lot and serial numbers. Benefit from asset management insights, a repair module, barcode management, and QuickBooks integration. Join successful heavy equipment rental businesses and unlock growth with Order Time – your key to efficiency and profitability in the dynamic rental industry.

 

The rentals industry is poised for success. After experiencing a significant downturn in 2020 due to reduced operations amid the coronavirus pandemic, the equipment rental market size in the United States rebounded in 2021, registering a three percent growth to reach 47.8 billion U.S. dollars. Projections indicate that by 2024, the U.S. equipment rental market is set to surpass the peak level recorded in 2019. Whether you are an aspiring entrepreneur looking to capitalize on this flourishing market or an established business seeking to enhance operations, the current scenario presents an ideal opportunity. The key to maintaining competitiveness and ensuring sustained growth in this expanding industry lies in the adoption of an inventory management system with rental functionality. Enter Order Time – the solution designed to meet the specific needs of businesses in the rental sector.

Explore prime examples of rental businesses perfectly poised to leverage our advanced rentals feature:

 

  • Construction Equipment Rentals
  • AV Equipment Rentals
  • Boat, Jet Ski, and Canoe Rentals
  • Golf Cart Rentals
  • IT and Computer Networking Equipment Rentals
  • Medical and Mobility Rentals
  • Furniture and Staging Rentals

 

Order Time Inventory Rentals: Your Path to Efficiency and Profitability

At Order Time, we understand the unique demands and challenges that come with managing heavy equipment rentals. That's why we've developed a comprehensive inventory management system tailored to cater specifically to rental businesses. Our competitive pricing and user-friendly software are designed to help you save money and increase efficiency, ultimately driving your business to greater success.

Let's take a closer look at what Order Time Inventory Rentals has to offer:

  1. Rental Contracts with Flexible Intervals

Order Time Inventory Rentals enables you to create rental contracts with the utmost flexibility. Just like creating a sales order, you can select the rental interval in hours, days, weeks, or months. The system will automatically calculate the start and end times, providing you with an accurate and convenient overview of your rental agreements. You can also calculate for an early return, or extend a contract for those who need an extra few days with that excavator/golf cart/jet ski. Whatever you rent, Order Time Inventory has you covered.

  1. Color-Coded Rental Dashboard

Managing your rental business effectively is made easy with our color-coded dashboard. It provides a visual representation of all the equipment that's currently out on rent for the selected time period. This feature allows you to stay organized and informed at a glance. As with most sections of Order Time, the colors are chosen by you, the dashboard's settings are completely customizable.

  1. Complete Rental Control

From the initial quote to reservation and eventual return, Order Time Inventory Rentals offers complete control over your rental contracts. This ensures that every step of the rental process is managed seamlessly, reducing the chances of errors and miscommunications.

  1. Rental Invoicing

Say goodbye to the hassle of manual invoicing. Order Time simplifies the invoicing process, making it easy to bill your customers accurately and efficiently. Take payments and have everything sync into QuickBooks at the end, it's that simple!

  1. Inventory Purchasing

Keep your equipment inventory well-stocked with our inventory purchasing capabilities. Order Time makes it simple to restock your inventory when items are running low. Create purchase orders, have multiple vendors for a single item, and even create batch purchase orders using past sales history!

  1. Set Items Available for Rent

Determine which items in your inventory are available for rent and make them accessible for your customers with ease. It's as simple as a checkbox!

  1. Lot and Serial Number Tracking

For meticulous record-keeping, Order Time allows you to track equipment by lot and serial numbers. This feature is particularly useful when managing multiple units of the same item. This provides complete traceability from the component level all the way up to the finished good. It goes a step further with our rentals because the serialization is how you track the individual item that has been rented out.

  1. Payment Terms

Our system lets you define and manage payment terms, ensuring that you have clarity in your financial transactions with customers. Whether you use Net10 or Net30 or something really obscure, you can set up your own custom terms.

  1. Asset Management

The complete lifecycle of a rental item can be logged, providing you with insights into the history and condition of your equipment. You'll always know the current location or condition of your assets.

  1. Repairs Module

If your equipment sustains damage, you can use our repair orders to help bring it back to working condition, allowing you to rent it out again when it's ready. Enter problem codes, fix information, and utilize component inventory to enact a fix

  1. Barcode Management

Order Time Inventory Rentals simplifies equipment tracking with its barcode management system, making it easier than ever to keep tabs on your inventory. Add barcodes to items, and utilize barcodes on your form templates.

  1. Integration with QuickBooks Online, QuickBooks Enterprise, and QuickBooks Desktop Premier/Plus

Seamlessly integrate your rental business with QuickBooks for streamlined accounting and financial management.

In an industry as dynamic and lucrative as heavy equipment rentals, having the right tools at your disposal can make all the difference. With Order Time Inventory Rentals, you gain a competitive edge, increase efficiency, and position your business for growth and success.

Don't miss out on the tremendous opportunities in the heavy equipment rental market. Elevate your business with Order Time, and watch your profits soar. Join the ranks of successful heavy equipment rental businesses and take advantage of the incredible growth in this industry. Order Time Inventory Rentals is your key to unlocking success in the heavy equipment rental business.