Benefits of GPS trackers in the HEM industry
GPS tracking is HOT. Because ‘data’ is the new ‘gold’. Or, to express it in different words: ‘To Measure is to know”. GPS (Global Positioning System) is part of IoT (Internet of Things). In transportation, but increasingly also in the HEM industry, ‘position tracking’ becomes more and more commodity. Heavy equipment Companies often start with […]
Sustainability in Rental Business
As entrepreneurs, we all have responsibility for our business (revenue, profit, strategy) including our employees e.g. by taking into account the (local) safety rules. But we are also responsible for our environmental impact. We more-and-more realize that we have to leave a better world behind to our children. What ‘harm’ do we cause to the […]
Importance of Digital Transformation for Equipment Management Industry
Importance of Digital Transformation for Equipment Management Industry Technology is pushing our industry forward every day with the invention of new platforms, systems, and software. Developments in technology are the driving force behind the progress of every industry, while organizations are constantly looking for ways to improve their efficiency, productivity, and visibility. Companies strive to […]
Importance of Equipment Management and Rental
Importance of Equipment Management and Rental Technology, ERP solution trends Equipment Management, and Rental companies, operations run and manage complex businesses, and business processes. Independently if you are doing Equipment (Sale, Purchase), Service, Parts, or Rental you demand a lot of key customers, history, equipment, financial, and other information to serve customers effectively. Additionally there […]
Remote Working During Corona Crisis: 4 Best Practices
The coronavirus/COVID-19 has caught us all by surprise: all of a sudden, working remotely has become the norm instead of the exception. Understandably, the lack of a solid governance framework and learning curve – remember that luxury? – can cause confusion. In these trying times, the new reality forces the FIT Global team to cope […]
Did you notice this change in the World?
Did you notice this change in the World? More and more people (and companies) strive to have equipment ‘available’ instead of ‘own’ the equipment. And for good reasons: always the latest model, no space required when the equipment is not used, no maintenance, no insurance, no entry on your assets, etc. As a result, equipment […]
Caterpillar Revenues Tumble 6 Percent in Third Quarter
Caterpillar announced third quarter 2019 sales and revenues of $12.8 billion, a 6-percent decrease compared with $13.5 billion in the third quarter of 2018. Third quarter 2019 profit per share was $2.66, compared with $2.88 profit per share in the third quarter of 2018. The primary driver of the decline in sales and revenues was […]
ARA Forecasts Rental Revenue to Top $71 Billion in 2023
The new five-year forecast from the American Rental Association, updated in August, calls for equipment and event rental revenues in North America to surpass $71 billion in 2023, including $64.7 billion in the United States and $6.4 billion in Canada. The latest forecast is ARA’s first to project rental revenue for 2023. The current […]
