What is meant by Provision of operating resources?
The term "equipment leasing" refers to the practice of lending equipment (such as machines, devices, tools, or vehicles) from one company to another company or external service providers for use. This leasing can be temporary or long-term and often includes agreements on usage, maintenance, and return of the equipment.
Typical software functions in the area of "equipment leasing":
- Equipment Management: Recording and managing all available equipment, including details such as location, condition, and availability.
- Leasing Contracts: Creation and management of contracts that govern the terms of equipment leasing, such as duration, costs, and usage restrictions.
- Usage Tracking: Recording the use of leased equipment to monitor current utilization status and wear.
- Maintenance Management: Planning and monitoring the maintenance and servicing of leased equipment to ensure its functionality.
- Return and Reconciliation Processes: Managing the return of equipment after the lease period and conducting reconciliation processes to ensure equipment is returned in the agreed condition.
- Billing: Generating and managing invoices for the leasing of equipment, including the billing of usage costs and potential damages.
- Reporting: Creating reports on the usage, condition, and maintenance of equipment for internal and external stakeholders.
- Notification Functions: Automatic notifications for upcoming maintenance schedules, lease contract expirations, or other significant events.