DEALERSHIP INVENTORY MANAGEMENT SOFTWARE
Dealership inventory management software is a very important role that determines the health of the supply chain as well as the impacts the financial health of the balance sheet. Production plan changes in reaction to the sales, estimates, orders and stocking patterns. Market Request and supplies are seasonal depending on different aspect like seasons; festivals etc and past sales data help companies to anticipate a huge surge of demand in the market well in advance. If there is a cost increment expected few months down the line due to changes in demand and supply in the national or international market, the impact of taxes and budgets etc, the company’s tend to purchase raw materials in ahead of time and hold stocks as a hedge against increased costs.
The car dealers overlook the main source of leads that is their existing customers. This is why a strong CRM is required to maintain the records of the customers.
FEATURES OF DEALERSHIP INVENTORY MANAGEMENT SOFTWARE
Digital agreements are created between the buyer and the seller. These documents can be prepared digitally without the use of paper. This saves time and space and also relieves you of the stress of having to maintain the document manually.
The seller needs to prepare an invoice in favour of the buyer. These invoices can be prepared from the templates that are available in the software or the software can be customized as per the seller’s requirements. The company logo can be added to the invoices to give it a more professional touch.
Car dealership involves a lot of cars coming in and going out. The Dealership inventory management software Should be in a position to give you an account of the vehicles that have been sold and those which are in stock ready to be sold.
PROFIT PER CAR
The business would be of no use if the dealer is not able to make profits. On every vehicle that is sold the Dealership, Inventory Management software helps to find out the profit per car.
Multi-currency is an additional feature available in the software. Invoices and billing can be done in any currency as required.
The car dealer needs to know which car has been sold and which car is available for sale. The stock update needs to be available to the car dealer to plan for future sales.
The demand for vehicles depends on the market conditions or sometimes depends on the different seasons like festive seasons. Most car dealers make use of discounts available and stock the cars when the price is less.
Paperwork can be very tiresome. This software has the facility to store all the important documents on the cloud. This relieves from manual maintenance of records or manual labour for maintaining such records.
How is the business doing? Making profits? What is the current position of the stock? All these questions run in the dealer’s mind. He can derive answers for the questions by using the Mobile App feature from the Dealership Inventory Management Software.
Every sales guy and mechanic put in extra efforts only because they get a commission for it. These calculations can be done effortlessly with the help of the software.
What is the current financial position of the business? Are the expenses being accounted for properly?
Is the business making profits? What is the cash position of the business? All these are maintained using the Dealership Inventory Management Software.
The buyer may sometimes purchase the car on loan. He might opt for a financing option to buy the car. The floor credit transactions can be maintained in the software