Hey Y’all, it’s the ARM Dude here. Let me tell you about some big news that is happening in the rental software industry. The fine folks at the American Rental Association have finally released the highly anticipated. Why is that big news? ![]() The ARA Rental Market Metrics establish a recognized industry standard for calculating fleet age and utilization reporting. Historically this has been a fairly daunting task for rental software companies and every rental business would end up with a different method for. This made matters extremely complicated and impossible to compare data between organizations. However the ARA is sharing this standard with the rental software industry so that we may incorporate this capability into our respective systems. This is exciting news because an established industry standard adds weight to your utilization results and gives a true meaning to your data. Furthermore, the ARA has partnered with to allow to anonymously compare their data with others in the same industry and geographic region. Q indivi philharmonique megaupload. ARA Rental Market Metrics provides equipment rental companies with a consistent way of calculating, benchmarking and reporting critical performance measures. It defines industry standards for the definition of a day, original equipment cost (OEC). FINANCIAL STANDARDS FOR THE EQUIPMENT RENTAL INDUSTRY Definitions Calculations Examples RENTAL MARKET METRICS. You are now able to perform comparative analysis on how your rates, fleet age, and compare to your competitors. Identifying revenue gaps and increasing profitability just got a lot easier thanks to the ARA. Far cry cheats devmode download. This is some good stuff folks but don’t just take my word for it. Check out this whitepaper published by the ARA that outlines the Rental Market Metrics. Hurry up though because you may be leaving money on the table for each day that you wait.
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