You can rent out a serialized item as an equipment to the external customers or the internal employees. To rent an equipment, you can create a quote (using service orders), check the availability, plan and reserve the equipment. You can also send an invoice for the actual usage. For long term rental, invoicing by installment is also supported. After the equipment is rented out, the actual location of the equipment can be tracked based on the GPS data.

Service orders can be used as rental agreements to rent out an equipment. To use a service order as a rental agreement, in the Service Order session, this data must be set:

This chapter describes the impact of Rental Equipment on service objects.

For a rental equipment, you can maintain the availability in the Rental Equipment Calendar (tscfg2562m000) session. The rental calendar is created based on the Calendar and the Availability Type specified for the rental equipment in the Serialized Items (tscfg2100m000) session.