It never occurs to most business owners and managers that you can profit from your physical resources. Think about it this way: If you invested as much money in the stock market or other financial tool as you do in your physical inventory, wouldn't you expect a return on your investment? Just as you would want to know which stocks are performing and which are not, you can now determine utilization and profitability on your tools, equipment or other inventory items.
Turning your tool crib into a profit center is made easy using Trimble® AllTrak™. The billing features in Trimble AllTrak are second to none. The system can charge tools, equipment, consumables, parts, materials and any other assets you choose to any location. You can choose from daily rates, one time charges and rental rates then adjust them accordingly to fit the type of work or project you're doing and effectively charge the same asset differently based on location. AllTrak then produces the financial reports you need, which can then be shared with any other software applications. Additionally, Trimble AllTrak can then calculate the asset purchase cost, billing charges, service and plug charges to determine its profitability. You can easily identify:
- Inventory as under utilized
- Inventory at the end of its life cycle
- Inventory costing you money
- Inventory making you money
