Key Details:
Asset group serves as the primary organizational structure for inventory, facilitating easier oversight of both pricing and operational status.
- System Category: This term is primarily managed under the Asset Group – General (Summary) section of the software.
- Inventory Snapshot: These groups provide a real-time overview of equipment status, tracking metrics such as Assets Available, Assets On Rent, Assets On Hold, and Total Active Inventory.
- Group Types: Assets within a group are designated for either Rental or Sales purposes based on how they are used in the system.
- Configuration: Groups define whether items are Serialized (tracked individually with unique IDs) or part of a Bundle (predefined collections of assets rented together as one unit).
Use Case Example
A rental company creates an Asset Group called “Power Generators” to organize its fleet. Using the Inventory Snapshot, the manager can quickly see that 10 units are available for immediate rental while 5 are currently on rent. By grouping them this way, the company can apply a uniform Price List or a standard $20 Environment Fee to every generator in the group simultaneously.
