What is Lean Management and How Can It Optimize Your Rental Business?

This article is the first in a series about Toyota Lean Management (TLM) and how lean management principles can be applied to improve your rental business. Managing a rental business in today’s “unprecedented” times is more complex than ever, and that means waste and inefficiencies may have crept into your operation without you being aware. In the 2021 State of the Industry report in Rental, Josh Nickell, vice president of the equipment segment for the American Rental Association, noted the effect of rapid change on the industry, “As an industry, we saw things that might be on a 10-year roadmap became 2020 priorities.” The need for constant adaptation to change can be challenging, but one way to make it easier for your business is with a framework like Toyota Lean Management (TLM). READ FULL ARTICLE>>