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Equipment Group

Equipment Group is defined as a collection of similar rental items grouped by type, function, or use to facilitate easier management and tracking within the system. These groups serve as the primary way to organize inventory for both pricing and operational oversight

Key Details:

  • System Category: This term appears under Asset Group – General (Summary) and is also used in the Price List Item section. 
  • Inventory Snapshot: Asset Groups provide a real-time overview of equipment status, including Assets Available, Assets On Rent, Assets On Hold, and Total Active Inventory. 
  • Group Types: Assets are designated for either Rental or Sales purposes within their respective groups. 
  • Configuration: Groups define whether items are serialized (tracked individually) or part of a Bundle (rented together as a single package). 

Use Case Example

A rental company creates an Asset Group called “Power Generators”. Within this group, they can see an Inventory Snapshot showing that 10 units are Available, 5 are On Rent, and 2 are currently Not Available due to maintenance. By grouping them this way, the manager can apply a uniform Price List or Environment Fee to all generators at once, rather than updating each unit manually.

 

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