How to manage the vehicles in the showroom using the dealership inventory management software?

dealership inventory management software

Car dealership involves the selling of used and new cars at a retail outlet to customers based on a contract between the buyer and the car dealer. It hires salespeople to sell the vehicles on their behalf for which they are paid a commission. A car dealership might also have a workshop associated with it to provide repairs and service to the vehicles. 

There are 5 things to be considered while opening a dealership business

  1. Location
  2. Type of dealership
  3. Business plan
  4. Licensing requirements
  5. Legal provisions

Need for Dealership Inventory management software

The dealer uses inventory management software to manage the vehicles which are in the showroom and keeps track of the vehicle information and manages effectively. The car dealer can keep a track of the vehicles that are in the showroom and those which have been sold.

How does the inventory management software help the dealers?

The inventory management software helps the dealer to make decisions regarding the ordering of new vehicles based on the market demand. The software is responsible for letting the dealer know which cars are sold, which ones are yet to be delivered, transferred to another car dealer, which stock is coming in, etc.

The Vehicle identification number helps the dealers to easily identify the vehicles. The software has all the information about the vehicles on its website, for instance, the vehicles that are in stock for a long time. The dealer can also identify the people who have tried to view the vehicles online and also obtain customer queries.

What are the features required in a dealership inventory management software?

1. Order management

This feature helps the dealer to maintain adequate inventory at all times. The system gives a warning when the stock drops down and helps in maintaining the stock efficiently.

2. Asset Tracking

This feature enables to know which vehicles are in the showroom, which is yet to be delivered and those which are sent to other car dealers.

3.Service Management

In the case of a workshop associated with the car dealers, It becomes necessary to identify the charges involved for the services which are added to the total cost of the vehicle.

Advantages of the inventory management software

  1. It helps in reducing the capital cost incurred in maintaining the stock in the showrooms.
  2. It ensures that stock is available every time there is a demand
  3. The inventory is well maintained
  4. Safety of the stock is ensured
  5. The loss due to obsolescence, deterioration is avoided
  6. The shipment of the stock is made easily
  7. Optimization of the inventory is achieved
  8. An automated system helps to save time as compared to the manual one
  9. Collection of data, maintaining documents, etc is done easily
  10. User rights are restricted only authorized users can assess the data.

Moiboo software

Moiboo software is a cloud-based software that has all the features of an inventory management software along with the accounting feature. So all the activities are integrated under one solution.

Features of Moiboo software

  • Digital agreements
  • Invoicing
  • Consignments
  • Profit per car
  • Multi-currency
  • Vehicle management
  • Purchases
  • Document management
  • Mobile App
  • Commission calculation
  • Accounting
  • Floor Credit management

Conclusion

An automated Inventory management software saves time and minimizes cost as compared to the manual system. 

for more details: Moiboo Software

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How to manage the rental business with car rental management software

car rental management software

Why do you need car rental management software?

Car rental management software helps in managing the car rental business in real-time. It helps both the operator and the customers who use the software to book their appointments and also manage their fleet.

Advantages of Car rental management software

Car rental management software not only helps in making online bookings but also gives information on the vehicles, service tracking, customer management, invoicing and integration with other interfaces, etc.

The admin staff needs to spend less time on daily activities and focus on activities that really matter.

The Fleet management feature helps the rental owner to keep a track of the service due dates, the arrival, and departure of vehicles. The fleet management feature helps the rental owner to know which vehicle has gone for rent and which is available for rent.

The software also helps to keep the vehicles well maintained. This ensures that there is no breakdown when the customer takes the car for rentals.  It reduces maintenance costs and also increases fleet utilization.

The staff are able to respond quickly to customer requests and since most of the activities are done online it makes the customer happy and he keeps coming to the same rental agency.

The software also helps in invoicing and billing, the invoices are created from the templates in the software to give a more professional look to the business.

The receipts and payments to the business are easily entered in the software and the reports generated show the true financial position of the business which helps the rental owner in making important investment decisions.

How to choose the software? 

A software that has all the features that are required to run the rental agency under one platform is required. Moiboo software is an online cloud-based car rental management software that helps the rental agency manage all its activities in one solution.

Features that benefit the rental agency

Rentals can be long term or short term. Long term rentals are usually opted by Corporates. These involve agreements that can be prepared digitally and also recurring invoices can be raised with reminders to remind on the due dates.

Fleet management can be easily done using the fleet feature, the in and out details of the fleet are recorded which helps the rental owner to easily plan.

The bookings for the rentals can be made online from the list available on the website with prices.

All the documents related to the vehicle and the rental can be maintained at the same place and data can be retrieved anytime required.

The receipts and payments to the rental agency are recorded using the accounting feature in the software.

Features in a Nutshell

  • Recurring invoices
  • Invoicing
  • Document management
  • Mobile App
  • Accounting
  • Fleet management
  • Vehicle management
  • Vendor management

Conclusion

Moiboo software is a cloud-based software so the cost of expensive hardware is avoided. The Mobile App feature in the software helps the rental owner to manage the business from anywhere.

For more details: Moiboo Software

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Auto Dealer Software Market

Auto Dealer Software market

The auto dealership is a business that sells new or used vehicles at a retail level based on a contractual agreement with the auto dealer and the buyer. Technological developments in the areas of sales tracking, inventory management, customer database management, commission calculations, etc. have led to the growth of the auto dealer software market. The auto dealers have adopted the auto dealer software to adapt itself to the technological advancements and stay ahead in competition with other auto dealers.

Division of the Auto dealer software market

The market is classified based on the type of software or region wise.

Based on the software type it is

  1. DSM Software
  2. CRM Software
  3. Marketing Software
  4. Other software

Region-wise the Auto dealer market is classified into

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle east
  6. Africa

The auto dealer software market is a huge market as the dealers look for an easy and efficient way to manage their business. They need software that can handle the day to day activities of the auto dealership.

Though there are many software solutions in the market you need a solution that gives all the features integrated into one platform. Moiboo auto dealer software is a cloud-based software customized for the auto dealer business. 

Features of Moiboo software

  1. Digital agreements
  2. Invoicing
  3. Consignments
  4. Profit per car
  5. Multi-currency
  6. Vehicle management
  7. Purchases
  8. Document management
  9. Mobile App
  10. Commission calculation
  11. Accounting
  12. Floor credit management

Advantages of Auto dealer software

  1. The software helps in managing the appointments and increases the sales through better management of the business
  2. It helps in easy management of the customer data. The service dates for the maintenance or the insurance due dates can be easily reminded to the customer.
  3. The software helps to build a good rapport with the customers.
  4. There is the transparency of reports in the software which helps in making important decisions
  5. The cloud-based feature and the mobile App feature helps the auto dealer to manage the business from anywhere.

Conclusion

The auto dealer software should carry all the aspects of the customer database. A complete backup of the previous transactions, the applicable due dates be it service due dates or insurance premium reminders the data should be available. The main advantage of the software is that it reduces manual labor and time taken for admin related activities. It is a boon to the dealership business.

for more details: Moiboo Software


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