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HiGH Software

How to financially structure and monitor your bulk equipment


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    Every company within the equipment industry works with two categories of equipment. They work with serialized equipment and non-serialized equipment, also called bulk equipment. The advantages of serialized equipment are of course that the equipment is uniquely identifiable. This makes it much easier to keep track of equipment, especially for transport or maintenance and service. Financial departments can also gather information about serialized equipment easily, for example about a specific piece of equipment or its rental history.

    bulk equipment
    Image 1: Make it much easier to keep track of equipment, especially for transport or maintenance and service

    A system that keeps track of your equipment

    Bulk equipment does not have these advantages for several reasons. The high volume can make it almost impossible to serialize everything. It takes up a lot of manpower, so reducing costs can also be a reason to keep the equipment not serialized. And if there is no obligation to track equipment separately, why should you waste your money and manpower? This does not mean that there are no requirements regarding bulk equipment. It is also rented out. So, there must be a system that keeps track of your equipment. How else do you know which equipment needs service or transport?

    How can you monitor your bulk equipment within your company?

    Every company has different needs regarding the financial aspects of bulk equipment. There are many different flavors you can choose:

    • When purchased directly take bulk equipment as costs;
    • When purchased, activate as fixed assets;
    • Do a combination of both depending on the items;

    Different business decisions can result in different processes. DynaRent in Microsoft Dynamics 365 for Operations gives you great flexibility for monitoring bulk equipment. DynaRent lets you configure per equipment how you want to monitor this equipment financially. You can decide to create a fixed asset with multiple child assets, enabling complete financial monitoring and depreciation for all pieces of equipment.

    bulk equipment
    Image 2: Graphical interface gives overview of bluk equipment

    Define your needs

    You can define the needs yourself within DynaRent. When you configure any of these options, it will not impact the other related processes that are very important for high volume products:

    • Availability overview
    • Rental
    • Transportation
    • Service and Maintenance
    • Quality inspection

    Curious about our DynaRent Solution Suite? We are more than happy to provide you with a tailored demonstration. Please contact to discuss at [email protected], or visit www.highsoftware.com and see what we are doing!

    Download our factsheet to see how the DynaRent solution adds value to your business across every departement.

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