CAR INVENTORY MANAGEMENT SYSTEM
Car Inventory management system refers to the process of ordering, storing, and using a company's stock Management is a very important function that determines the health of the supply chain as well as the impacts on the financial health of the balance sheet.
To meet the production requirements and also the sales demand the inventory management changes. Holding the inventory is considered to be cheaper than buying the stock at the moment.
FEATURES OF CAR INVENTORY MANAGEMENT SYSTEM
Dealership agreements are to be made between the buyer and the seller. These agreements can be made digitally and stored in the cloud. This occupies less space and also saves time.
Upon purchase of the vehicle, the invoice needs to be raised to the buyer. There are standard templates available in the software that can be used. The car dealer can also include his logo for a more professional look. These invoices can then be sent to the buyer through Whatsapp/SMS.
The purchase of stock varies with demand. When the demand for a particular vehicle increases the car dealer can stock his inventory with these vehicles. This helps in eradicating unwanted purchases.
PROFIT PER CAR
The car dealer needs to know if he is making profits or losses out of the sale of the car. The profit per car can be easily found out with the Car Dealer Management System.
The multi-currency feature is incorporated in the Car Dealer Management System. So invoices can be raised in any currency.
Generally, when a vehicle is purchased the service and insurance dates are preset. The Car dealer Inventory management System has reminders that can inform the customer when the due dates arise.
For most car dealers, inventory management is a reactive process. But in recent times, car dealers are opting for a proactive approach by actively seeking new inventory and streamlining the process.
When a vehicle is purchased there are many documents involved in it. All these documents can be saved in one place with the Car Inventory management System. The documents can be called for whenever required.
The car dealer need not sit in the showroom to know how his business is doing. With the help of the mobile app, he can view his business details from anywhere.
The salesmen are to be given commission on the sales targets met. These calculations can be done effortlessly with the Car Inventory Management System. Time is saved during month ends.
Payment vouchers can be easily prepared. Receipts and Payments are maintained. Inventory management helps in knowing which stock has come in or gone out. The financial strength of the business can be found out.
FLOOR CREDIT MANAGEMENT
Floor Credit transactions are easily maintained and the company’s account is credited. The car inventory management system helps in these calculations which could have been time-consuming if done manually.