November 26, 2024
Is your business making you choose between peace of mind and profit? Here’s how you can improve your Return on Investment with a single decision.
Businesses today are well-planned when it comes finances and operations. This is because they know that a plan for the long run is crucial as it helps them manage costs and mitigate risks associated with equipment ownership before-hand. But there is one integral industry challenge, irrespective of the kind of detailed planning that businesses might have or do. This challenge is of volatility. So while on one side the investment cost is fixed, the revenues and profits might not be exactly as planned.
And there could be a number of factors affecting these digits towards the end of each business cycle. From rising or falling demands of a product, newer or better product options to changing seasons, from the time a business owner decides to setup a particular business to the point where the factory floor actually starts to make those products, is a long stretch.
Then there are other hurdles of surprise expenses, unexpected costs, assorted labor problems to name a few.
So how can we manage to surpass these and other similar challenges? How can we bring certainty back into the picture? By simply choosing a partner that offers flexibility and scalability.
Meet Tejaswini Vasantgadkar, business controller at Atlas Copco Specialty Rental to know how financial risks can be mitigated and why long-term rental is a good idea when it comes to your ROI.
1. How can we help the customer in planning for the long run and why is it important?
With Atlas Copco’s BOOM Services, all business aspects are taken care of, as the focus is to reduce the burden and risk of the customer.
We have designed our plans and offerings to cater to a number of financial risks and challenges that go beyond the initial purchase price, including but not limited additional ongoing expenses such as maintenance, insurance, breakdowns, spare parts, and mobility. This helps businesses to plan better as the costs are predictable. The other most important benefit is that the downtime is minimum as BOOM Services allows repair and swapping if any need arises. Predictable cost, minimized downtime
This is done with help of our team and technology. Our fleet is connected and continuously monitored at our uptime center. We also provide on-site operators as per the requirement who handle detection, maintenance, and escalation of any issues, ensuring smooth operations. Our responsibility doesn’t end with giving the machine for rent. In fact, it starts from this point as we take complete end-to-end responsibility.
Atlas Copco’s long-term rental services offer flexibility, allowing our customers to stop their subscription whenever needed. This approach secures the future by avoiding the financial risks, enabling customers to save money for better opportunities.
2. What benefits do we show the customer for BOOM Services?
BOOM Services offer several benefits to customers. These include competitive stand-by and transit rates, especially for offshore companies. Customers can also enjoy tax benefits through a subscription-based model. By opting for long-term rentals, customers gain access to the latest technology without the need for significant CAPEX. We are committed to investing in new machines based on customer requirements, ensuring they have the best and latest of technologies built by Atlas Copco.
3. How do long-term rental compressors offer flexibility for varying project demands?
Long-term rental compressors provide exceptional flexibility to meet varying project demands. Depending on the requirements, we can easily swap machines to match the specific needs of a project, whether it requires a larger or smaller compressor set-up. This adaptability ensures that customers always have the right equipment for their current workload, enhancing efficiency and productivity without the need for significant capital investment.
4. How can rental compressors contribute to energy efficiency in long-term operations?
Rental compressors can significantly enhance energy efficiency in long-term operations. Modern electric machines (E-machines) are available for rental, and they can be swapped as needed to ensure optimal performance. This flexibility allows customers to choose the most energy-efficient options, reducing their carbon footprint.
5. What industries can benefit from the flexibility offered by BOOM Services?
Our services cater to a wide range of industries, including manufacturing, pharmaceuticals, fertilizers, automobiles, and semiconductors. With our I-Rent platform Customer Platform, customers can easily access all past invoices, track machine performance, and request services within a few hours. The connected feature for our fleet helps us to check the health of our equipment, ensuring improved uptime and reliability . Our robust network of depots in the east, west, and south regions, along with the upcoming depot in the north, will be fully operational next year, providing comprehensive support and quick access to equipment across India.