VP Asset Management maximizing rental equipment ROI for a rental equipment company. Managing utilization, equipment movement, INDEX, purchasing, disposal, and related operational teams.
Responsibilities
Maximizing the utilization and return on the company's rental equipment assets
Managing inventory, equipment movement, INDEX management, purchasing and disposal analysis
Overseeing the Asset Management, Order Admin and related functions
Optimizing equipment ROI and utilization through reporting, target setting and performance analysis
Managing shop-to-shop equipment movement and freight costs
Managing equipment INDEX curves, depreciation rates, utilization levels, E-code assignments and costs
Managing equipment purchase and disposal analysis, including ORPL reviews and purchase quantity recommendations
Managing used equipment sales and disposal performance
Managing Nexus Librarian tools, processes and priorities
Managing Order Admin tools, processes and team priorities
Providing asset performance analysis and recommendations to the COO and CEO
Requirements
Preparing and maintaining utilization reporting used to evaluate equipment performance
Monitoring rental SKU utilization, shop-to-shop transfer and cross rental activity
Establishing target utilization levels by asset class
Identifying underperforming or constrained equipment categories
Using utilization and cost information to support equipment purchase, movement and disposal decisions
Developing and managing tools and processes for the Asset Management team
Managing the day-to-day performance of the Asset Management team
Establishing priorities and performance expectations
Ensuring Asset Management decisions support company utilization and ROI objectives
Overseeing the review of shop-to-shop equipment requests
Reducing, rerouting or cancelling unnecessary equipment movements where appropriate
Developing processes to reduce shop-to-shop freight expense
Reviewing shop-to-shop costs and trends
Balancing freight cost against equipment availability and business requirements
Reviewing INDEX curves for continued accuracy
Evaluating depreciation rates, utilization levels and E-code INDEX assignments
Reviewing INDEX components including storage and shop multipliers
Maintaining INDEX costs for new E-codes
Investigating and resolving INDEX-related errors
Providing data and analysis for manual INDEX adjustments
Reviewing utilization and asset performance prior to recommending equipment purchases or disposals
Reviewing ORPL equipment purchase requests and non-ORPL requests within established approval thresholds
Managing the ORPL review process and maintaining accurate ORPL information in Nexus
Determining recommended purchase quantities based on utilization, cross rental, shop-to-shop activity and expected demand
Evaluating whether equipment purchases should be show-costed based on expected future utilization
Partnering with the COO, Finance and Purchasing on significant capital decisions
Developing and managing the framework used to evaluate Used Gear performance
Establishing minimum selling prices and maximum listing quantities
Identifying equipment appropriate for disposal based on utilization, age, market value and company requirements
Monitoring results from equipment disposal
Developing and managing tools and processes for the Nexus Librarian
Managing day-to-day performance and priorities
Ensuring equipment information within Nexus supports accurate operational and financial decision-making
Developing and managing tools and processes for the Order Admin department
Managing day-to-day performance and priorities of the Order Admin team
Ensuring Order Admin processes effectively support company operations
Providing the COO and CEO with regular visibility into asset utilization and performance
Identifying trends and opportunities requiring management attention
Providing asset data and analysis for broader company financial and operational decisions
Measuring the results of significant equipment purchase, movement and disposal decisions
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