The Rental Journal Podcast

Alexander Schuessler is the President, International Group & Founder at SmartEquip.

Alexander was a Co-Founder of Caterpillar Rental Services Network, and initiative put together by Caterpillar in the 90's to investigate the potential future of rental. This formed an introduction to the equipment rental industry, where Alexander noticed the challenge businesses were having when trying to procure parts.

Fast forward to today and SmartEquip is now used by the top 5 largest equipment rental businesses in the world to streamline their parts procurement processes.

0:00 - Introduction
0:35 - Intro to the rental industry
1:18 - Caterpillar Rental services network
4:02- Founding SmartEquip
4:54 - PHD from Harvard
6:39 - Rental in the 90's
11:21 - Beautiful data problems
13:04 - Equipment lifecycle
14:49 - Repair or replace decision
17:28 - Rental KPI's
19:18 - Benchmarking data
24:32 - What is SmartEquip
30:51 - Downtime mindset shift
38:23 - Reasons for success
41:39 - Acquired by Richie Bros
46:45 - Who use's SmartEquip
49:00 - Integrating with rental software
51:17 - Challenges in the early days
55:42 - Key mentors
1:01:05 - Two ways to be successful

Show Notes

Alexander Schuessler is the President, International Group & Founder at SmartEquip.

Alexander was a Co-Founder of Caterpillar Rental Services Network, and initiative put together by Caterpillar in the 90's to investigate the potential future of rental. This formed an introduction to the equipment rental industry, where Alexander noticed the challenge businesses were having when trying to procure parts.

Fast forward to today and SmartEquip is now used by the top 5 largest equipment rental businesses in the world to streamline their parts procurement processes.

LEARN ABOUT OUR SPONSORS & PARTNERS

https://www.smartequip.com/

If you’re an equipment owner, you know time is money and equipment uptime is crucial. Did you know your technicians might be spending half their time searching for parts using multiple log-ins and paper manuals instead of repairing equipment?

If your fleet management team is wasting time establishing pricing terms, searching through your ERP system, and creating work orders, then your parts procurement process isn’t designed for speed or accuracy.

Solve this with SmartEquip Procurement. SmartEquip saves time, money and increases uptime for your equipment.

Best of all, with a single log-in, you can streamline your procurement lifecycle, into one easy-to-use solution. SmartEquip Procurement is the leader in parts procurement technology that simplifies finding, sourcing and buying the right parts and supplies.

HRIA Event in Hunter Valley - August 18th - https://comms.hireandrental.com.au/link/id/zzzz5babb87346dd1017/regform?evuid=zzzz629d9f9d6a508518&fbclid=IwAR0EUATYhjQHxKUDQ4HOLf84dmItf6SfWlxttCKMoRBLbd-VG6-8VDHFETU

HRIA Event in Darwin - August 31st - https://comms.hireandrental.com.au/link/id/zzzz5babb87346dd1017/regform?evuid=zzzz62cb8e8b70c7a220

The Hire & Rental Industry Association (HRIA) promotes hire as the preferred choice for Australian business and consumers through supporting members, hire businesses, developing people and growing the industry. Celebrating our 50th anniversary in 2018, the HRIA continues to be a powerful voice for the hire industry in Australia, providing direction and support to enhance the success and safety of hire businesses in Australia.

PODCAST INFO:
Podcast website: https://www.therentaljournal.com/podcast-episodes
Apple Podcasts: https://podcasts.apple.com/au/podcast/the-rental-journal-podcast/id1529824111
Spotify: https://open.spotify.com/show/1EhZH7P39tgHJpmAyaF1He?si=xDVjELiFTqSX_u8fwbV5Uw&nd=1

SOCIAL:
LinkedIn: https://www.linkedin.com/company/the-rental-journal
Instagram: https://www.instagram.com/therentaljournalpodcast

TIMESTAMPS:

0:00 - Introduction
0:35 - Intro to the rental industry
1:18 - Caterpillar Rental services network
4:02- Founding SmartEquip
4:54 - PHD from Harvard
6:39 - Rental in the 90's
11:21 - Beautiful data problems
13:04 - Equipment lifecycle
14:49 - Repair or replace decision
17:28 - Rental KPI's
19:18 - Benchmarking data
24:32 - What is SmartEquip
30:51 - Downtime mindset shift
38:23 - Reasons for success
41:39 - Acquired by Richie Bros
46:45 - Who use's SmartEquip
49:00 - Integrating with rental software
51:17 - Challenges in the early days
55:42 - Key mentors
1:01:05 - Two ways to be successful

What is The Rental Journal Podcast?

The Rental Journal’s podcast weekly interviews with equipment rental industry experts offers unparalleled insights into business successes and challenges, career progression, new technologies and industry-provoking topics from around the world. The Rental Journal Podcast aims to increase awareness of the hire and rental industry while also providing a platform for listeners to learn about the experiences from others in the industry.