The rental process can be initiated from several objects in the system. Purchase orders are used for the renting in process and customer orders are used for the renting out process. Project Rental is initiated from Project Demand. Work Order rental is initiated from Tools and Facilities. Even though the rental is initiated from different objects, the subsequent rental management process consists of the same steps and is managed from the Manage Rentals or the Rental Workbench windows.
Basic data for rental is held in the Rental Management component. This includes rental chargeable days, rental date exceptions, transaction generation schedules, rental modes and internal rental prices lists (price lists used for Project Internal Charging and Work Order Internal Charging ).
Starting rental for a rental line typically indicates that the item is in operation, however, it could also mean that it the line is under transportation depending on the rental mode selected. In order for rental transactions to be generated for a rental line, rental has to be started for the line.
Rentals can be started in the Manage Rentals or the Rental Workbench windows. As rental is started, a default mode (with corresponding price factor) will be suggested. This may be changed by the user as required.
For the Rent In and Rent Out processes, there is also an option to start rental automatically as follows. In both cases, the Rental Mode that is set as default will be used.
For the Project Charging/Rent to Projects and Work Order Charging/Rent to Work Order functionalities, rental can also be started from the demand/tools and facility lines itself by right-clicking and clicking Start Rental.