Demand the most from your assets!
Wednesday 19 January 2011
Can your pricing respond immediately to changes in utilization?
In rental, keeping up with demand is everything. Imagine having your pricing react immediately to changes in product demand. Let rentalresult ‘On demand pricing’ take care of this for you with our in built price optimization tools.
When booking an airline ticket, you know that price can vary based on demand. rentalresult now brings this concept to the rental industry giving you total confidence that you really are maximizing revenue on your most utilized assets.
With simple user-definable parameters the system automatically increases or decreases rates based on utilization of a product across a branch or division. Therefore the suggested rate for the same product code can differ based on the number of assets on rent; increasing rates on products at times of high demand and lowering rates during quiet periods. This means that you get the most from your most sought after assets while at the same time encouraging utilization of your least used assets.
This all works in conjunction with standard system rate sheets in that if a customer has their own pre-negotiated rates then these will take precedence and on-demand pricing will not be applied. Even where no customer specific rates exist the system takes into account recent quotes and contracts for the customer when providing suggested rates allowing for complete control and consistency where needed.
Get ahead of the game and be the first to react. Demanding times call for on demand pricing!
Your business, your rules, your results
Sam Oxley
Result Group, Inc.
Print This Post







