What's Hot

    What Can You Trust?

    May 7, 2025

    Build a Safer Jobsite with AI and Cameras

    May 7, 2025

    Women in Construction: PPE

    May 6, 2025
    Get your Copy Today
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Connected WorldConnected World
    • SPM
    • Sustainability
    • Projects
    • Technology
    • Constructech
    • Awards
      • Top Products
      • Profiles
    • Living Lab
    Connected WorldConnected World
    Home»Technology»Automating Tool Rental Workflow
    Technology

    Automating Tool Rental Workflow

    No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn WhatsApp Pinterest Email

    Inventory management can be a cost center or a profit center for a contractor. Missing tools that show up in inventory mean that tools won’t be available when and where needed. Tools that are ready to work but aren’t in the inventory list are too often replaced, at additional cost, by panicking supervisors heading to the jobsite. If these scenarios sound familiar, think about how a similar problem can challenge a major tool rental service.

    Among the major national contractor suppliers, Home Depot and Lowe’s battle it out for customers. Each strives for efficiency matched to customer service and the winner can be different in each competitive location. To get a favorable advantage, Lowe’s Tool Rental is implementing procurement software from SmartEquip, a member of the Ritchie Brothers companies, to automate in-store equipment service and repair processes.

    The SmartEquip Procurement software solution enables equipment owners in the construction field to streamline parts ordering and purchasing, resulting in increased technician productivity, eliminating spare part order errors, and improving tool and equipment fleet uptime and availability. SmartEquip’s single login access to suppliers enables Lowe’s Tool Rental to implement a solitary, consistent process, for every brand of equipment, at every location. With one consistent workflow, the platform makes the process easy to train and even easier to use.

    As part of the integration, repair technicians can order directly with manufacturers and preferred dealers of more than 50 brands of equipment, while simultaneously updating purchase orders and work orders. The platform offers suppliers instant reductions in the cost of supporting equipment fleets on the SmartEquip Network, and improved efficiency in supplying spare parts.

    Lowe’s isn’t alone is seeking this level of competitiveness. Europe’s largest equipment rental company, Loxam, is also rolling out SmartEquip’s equipment service and parts procurement network. In addition to supporting Loxam locations across France, where the solution is scheduled to go into its pilot testing phase this year, the platform is scheduled to cover the company’s international business units in Belgium, Denmark, Germany, Ireland, the Netherlands, and Switzerland.

    The SmartEquip Network currently supports more than 600 OEM (original-equipment manufacturers) brands, with over 95,000 users across more than 42,000 equipment locations globally. The Network supports over $1 billion in parts transactions annually and the company is led by veterans of construction, technology, and data sciences.

    Want to tweet about this article? Use hashtags #construction #sustainability #infrastructure #cloud

    Cloud Connected Devices Constructech Construction Construction News Digital Transformation Economy Home Home Depot Logistics Lowe’s Loxam Manufacturing Projects Retail Ritchie Brothers SmartEquip Supply Chain Sustainability Technology Transportation
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    What Can You Trust?

    May 7, 2025

    Build a Safer Jobsite with AI and Cameras

    May 7, 2025

    Women in Construction: PPE

    May 6, 2025

    Success Stories: Customized Sensors for Wildfire Prevention

    May 5, 2025

    The Rise of Prefab

    May 1, 2025

    Manufacturing in an Era of Digital Product Passports

    April 30, 2025
    Add A Comment

    Comments are closed.

    Get Your Copy Today
    2025 ASCE REPORT CARD FOR AMERICA’S INFRASTRUCTURE
    https://youtu.be/HyDCmQg6zPk
    ABOUT US

    Connected World works to expand quality of life and influence a sustainable future through digital transformation, innovation, and create opportunities all around.

    We’re accepting new partnerships and radio guests right now.

    Email Us: info@specialtypub.com

    4611 Hard Scrabble Road
    Suite 109-276
    Columbia, SC  29229

     

    Our Picks
    • What Can You Trust?
    • Build a Safer Jobsite with AI and Cameras
    • Women in Construction: PPE
    Specialty Publishing Media

    Questions? Please contact us at info@connectedworld.com

    Press Room

    Privacy Policy

    Media Kit – Connected World/Peggy Smedley Show

    Media Kit – Constructech

    Facebook Twitter Instagram YouTube LinkedIn
    © 2025 Connected World.

    Type above and press Enter to search. Press Esc to cancel.