Business Advantages For Rental Companies
From the perspective of a rental company, the presence of attachments or accessories, particularly in the equipment and tool rental sectors, means that the company can reduce its expenditure on main products, and simply buy multiple different attachments for the same machine. This is likely to increase utilization and reduce cost, two of the most essential elements in managing "return on investment" or ROI, against rental assets.
In some parts of the rental industry, attachments and accessories are treated as rental items in their own right, a contractor may own a specific machine, and a limited selection of attachments for it, but wish to rent an attachment appropriate to a particular task. Again this is a cost effective way of increasing utilization on the rental fleet for a relatively low outlay of cash.
Read more about this topic: Rental Accessories And Attachments
Famous quotes containing the words business, advantages and/or companies:
“If we decide to take this level of business creating ability nationwide, we’ll all be plucking chickens for a living.”
—H. Ross Perot (b. 1930)
“[T]here is no Part of the World where Servants have those Privileges and Advantages as in England: They have no where else such plentiful Diet, large Wages, or indulgent Liberty: There is no place wherein they labour less, and yet where they are so little respectful, more wasteful, more negligent, or where they so frequently change their Masters.”
—Richard Steele (1672–1729)
“The recent attempt to secure a charter from the State of North Dakota for a lottery company, the pending effort to obtain from the State of Louisiana a renewal of the charter of the Louisiana State Lottery, and the establishment of one or more lottery companies at Mexican towns near our border, have served the good purpose of calling public attention to an evil of vast proportions.”
—Benjamin Harrison (1833–1901)