<img src="https://secure.leadforensics.com/133892.png" alt="" style="display:none;">

One of the major challenges any organisation who rent or lease equipment to their customers faces, as the business grows, is in the service and maintenance of that equipment known as, Asset/Equipment Lifecycle Management.

In our experience at least part of this process is laboriously managed off system in standalone databases, or Excel – leading to operational inefficiencies, errors, lost revenue and disgruntled customers.

DynaRent and Microsoft Dynamics 365 changes all that by managing the entire end to end process, delivering a system that proactively supports the management of all your assets, and can dramatically improve Customer Experience.

The following diagram illustrates the life of your assets within both standard Dynamics 365 for Finance and Operations and DynaRent, our fully embedded Rental and Lease Management Solution.

Rental 1

Procurement

Standard Dynamics 365 for Finance and Operations is used to create the purchase order based on requirement driven from orders, tasks or jobs within the system. DynaRent allows for shipment tracking within the system until delivered. 

Receipt

DynaRent extends the concept of inventory by allowing the creation of Business Objects within the system. These allow specifications to be added to products so that they can be searched for against specific criteria. Once a shipment has been received, DynaRent adds the equipment to the Business Objects library and automatically manages standard inventory records.

Managing Inventory & Deployment

Once your asset is recorded in Dynamics as a Business Object you can activate it within DynaRent as a Fixed Asset enabling your equipment to be visible for rental/lease quotes or orders. This allows you to quickly and efficiently manage your global fleet – scheduling equipment deployment. In addition, DynaRent can assist in managing your Transportation requirements through a graphical Transport Plan Board (see below), ensuring that the right asset is deployed to the right location at the right time, minimising unnecessary transportation costs and driving efficiency.

Rental 2
Image: Graphical Transport Management in Dynamics 365 for Finance and Operations

Service & Maintenance

DynaRent supports your business by automating maintenance tasks, triggering periodic, corrective or recall service and maintenance tasks on equipment – for example when certain pre-defined thresholds are met. These can be base don either time or consumption.

These service and maintenance tasks can be graphically planned, assigned, monitored and tracked within the graphical DynaRent Service Planboard (see below).

Rental 3
Image: Service Planboard with different tasks assigned to resources

Reassignment

DynaRent also manages the reassignment and/or return process once your customers rental period expires. DynaRent will automatically generate a Works Order to manage either the return, or reassignment to another rental customer/location depending on demand, and in a mirror to the Deployment activities – the Transport planboard is used to manage the transportation of assets efficiently between locations. 

Quality

When an item is returned, the system can generate an automated quality inspection, and subsequent service/repair tasks as required, after which your asset is returned to the rental repository and made available for subsequent rental/lease management.

 

At every stage in the lifecycle illustrated above, your Dynamics 365 and DynaRent solution will show you real time and accurate information on the health, location and status of every one of your assets, taking the pain out of your operation in managing your assets efficiently, reducing unnecessary administration costs; transportation costs and optimising your maintenance and service schedule.

Interested in finding out more about our Rental and Lease Management solution?

Download the fact sheet here

 

Topics

Discuss this post

Recommended posts

Picking an ERP software is no easy feat. For those in the equipment rental sector, it can be even more challenging as you have so many unique challenges the software must address. Let’s start by thinking about what your business actually needs from the solution.
Since Dynamics 365 and its range of cloud-native ERP and CRM products were released in 2016, there’s been a lot of buzz in the market. If you haven’t yet embarked on a cloud migration project to take your legacy AX platform to the cloud-based Dynamics 365, here’s why you should:
Big data analytics are essential for measuring business success. But if you haven’t moved your analytics to the cloud, you could be missing out on a goldmine of hidden insights that modern tools will help you unlock. Let’s discuss those tools and their benefits…
No industry is truly exempt from disruption (as most businesses quickly discovered during the COVID-19 crisis). One great way to enhance business agility? Embrace digital technology and transformation. For manufacturers in particular, the right digital tech and internal culture can help you maximise visibility, access real-time data and make swift decisions.
Microsoft’s ever-popular Dynamics 365 (D365) platform brings ERP, CRM and BI (Enterprise Resource Planning, Customer Relationship Management and Business Intelligence, respectively) into one system. This means your people, processes and systems can be unified, giving you the visibility you need to drive your business forward.
right-arrow share search phone phone-filled menu filter envelope envelope-filled close checkmark caret-down arrow-up arrow-right arrow-left arrow-down