#Whats the prices for scaffolding rental full#
#Whats the prices for scaffolding rental verification#

At the same time, a drop in inventory due to equipment failure could lead to unplanned downtime, affecting your rental activities. You can’t charge customers for repair or replacement costs if these problems get discovered too late. Mistakes in invoicing could cost your company hundreds of thousands each month. Missing or damaged components that fell off your radar end up not being billed at all. They rely on physical count of the stock to identify discrepancies between inventory records and the actual stock in hand. Inaccurate order tracking also causes all kinds of headaches to the folks in accounting. Unfortunately, this is the reality for many scaffolding businesses. Without regular inventory counts, businesses can lose a fortune due to lost or stolen inventory. While some generic software can handle trackable items with serialized numbers, bulk assets don’t get accounted for over time. This makes it difficult to capture over-shipments or missing components as they travel back and forth between yard and job site.Īnother common problem is the lack of a formal count sheet or inspection procedure for rental inventory, thus limiting your visibility into stock levels.

#Whats the prices for scaffolding rental verification#

When the shipment arrives, it is not counted correctly due to the lack of verification against shipment. In some cases, the shipping list gets lost, making it difficult to keep track of rental equipment coming in and out of the yard. But they aren’t always properly checked and signed.

Shipping documents are often duplicated or triplicated to track scaffolding rentals from the yard to job site, and back.

#Whats the prices for scaffolding rental full#

These approaches are error-prone and full of costly inefficiencies. Most scaffolding firms still rely on traditional methods (spreadsheets and paper-based shipping documents) for asset management and rental inventory tracking. Without the right forecasting, management, and invoicing systems in place, you could find yourself exposed to any number of risks, as described below. What Are the Challenges for Scaffolding Rental Business Owners?įirst and foremost, a lack of inventory management is the biggest obstacle to running a rental business. In this blog post, you will learn more about the secrets to maximizing ROI with scaffolding re-rentals. Without the right inventory management systems in place, managing all of the moving parts involved can become a nightmare. While it is a highly lucrative business, many scaffolding vendors struggle to attain the levels of success they desire.

Renting out scaffolding and equipment can help you expand your business and diversify your revenue stream. The scaffolding rental market is projected to grow at 5.32% from 2018-2022. Do you have excess inventory gathering rust in your scaffold yard? Then, you could be missing out on an easy way to maximize your utilization and cash flow.