The actual revenue earned by the rental fleet against the potential revenue the fleet could have earned.
Empowering Rental Operations Managers, Fleet Managers, and Billing Coordinators to process data.
Know if you are making the right investments or not. If you need to make the right investments, track your weak areas and where to improve.
We know that when it’s not producing any revenue, it’s creating a cost for you instead. Track your expenses - whether it’s because the machine is in maintenance, repair, or waiting on the lot to be rented.
Over-demand or sudden reduction in demand for equipment can affect your profit margins. Have a clearer vision of how to improve your inventory management.
The utilization of fleet assets directly impacts fleet margins. Seasonal factors such as weather and economic factors can influence these changes.
"Today, we are capturing 10% more deals if we meet our used KPIs, and I would never have known that without TARGIT."
Director of corporate operations at Butler Machinery
“Since implementing TARGIT we are averaging 8% improvement in productivity per department manager per week."
Director of IT at Bestline Eqipment
“Since TARGIT, technicians are billing up to 4 hours extra per month, resulting in free revenue for us.”
CPA, CMA, Controller at Enns Brothers
“TARGIT's complete understanding of agriculture and heavy equipment industry metrics has been a game changer in our Kubota dealership."
Chief Operations Officer at Parish Tractor Company, LLC
The cost of maintaining equipment that ages need to be accounted for, especially if not replaced. Have an eye on the rental equipment age to avoid overspending on aged equipment versus the quality of new.
Make sure to stay up-to-date with industry trends and product innovations to ensure you are offering the products your customers demand.
Benchmark rental rates against your competitors and start analyzing trends to help you understand the market. If you know the market, you’ll be able to be in front of your competitors.
Track what’s going on outside of your dealership. External threads that you can’t control, but would prevent you from utilizing the equipment of your company well.
Track all possible Government information that’s available for your company to expand your business and to have equipment available for future projects.
Be aware of what your competitors do. What are their rental rates and how much equipment is available and make sure to have visibility into service and parts departments - they play a massive role to ensure your fleet is up-to-date.
TARGIT has enabled us to easily pinpoint areas of weakness and increase ROI.
- Katherine Kelly, Manager and Owner, Kelly Tractor Co.