This means running an inventory analysis to gather the accurate information needed to make informed profitable decisions. To improve your vehicle inventory management, you must first understand the inventory you have on your lot. The ability to make quick changes to your inventory - whether pricing, photos, comments, etc - can create efficiencies for inventory management throughout your busy day. Pro Tip: When upgrading your inventory management system, focus on mobile compatibility. As management software integrates with supporting systems and websites, dealers have access to a more comprehensive view of the automotive environment. According to fi-magazine “Dealers who use inventory management systems realize quicker vehicle turns and a higher ROI than dealers that don’t.”ĭMS and IMS use customized tools and resources for dealers to manage their inventory, leading to rapid vehicle turnaround and increased ROI. Invest in Automotive Inventory Management Systemsĭealer management systems (DMS) are the tool of the modern day dealership. Invest In Automotive Inventory Management Systems. ![]() We’ve put together these 11 tips to help your dealership improve its vehicle Inventory Management. There are a lot of moving parts that make up your inventory, so it’s easy for the best optimization intentions to get lost in the shuffle. ![]() Want to take your automotive business to the next level? Ready to go from just meeting the bottom line to turning in a profit month after month? Exceptional automotive inventory management is the critical piece missing from your business plan.
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