Three Ways to Improve Inventory Management and Drive Strategic Growth
Managing the inventory pipeline works best when you take a proactive approach to answer its challenges. That’s where Anvil’s inventory feature can make a difference.
Cut Inventory Search Time and Focus on Selling
Historically, used equipment inventory simultaneously represents a dealer’s greatest potential and greatest liability. Nimble management of used stock brings dealers the highest return on investment.
NFL coaches, such as Bud Grant and Bill Parcells, often repeat the mantra: “The most important ‘ability’ is availability.” A good inventory management system improves availability for used equipment across the board by allowing users to:
- Get equipment into the system quickly.
- Automate the process for preparing equipment for sale.
- Consolidate information into one system.
- Search and quickly identify available inventory.
- Track pricing trends.
Anvil’s inventory feature manages the cascade of used equipment inventory right from the beginning. Salespeople start the process when evaluating the equipment for trade in. Anvil’s automations allow you to place service, parts, and trucking requests with the click of a button, ensuring each step of the process is completed for the dealer stock units to become sale ready.
The CRM That Benefits Inventory Management
Next, Anvil’s inventory feature creates a 360-view for your inventory. Inventory brings together information from your dealer business systems and used equipment sources, eliminating the need to search multiple systems to gather the information you need. Access everything you know about that stock unit from one place: the deal it was part of, photos, service history, status, time on the lot and more.
Inventory uses all that information to activate powerful search features. Salespeople can now identify equipment options for customers in an instant. Give hot sales leads options on the first call, rather than making them wait out a lengthy search process and a return call. And when deals change, know that the “unsold” equipment instantly becomes available to your sales team again, rather than remaining mismarked and ignored. Automation functions built into Anvil ensure records remain up to date and all active inventory is accurately displayed.
Advanced Inventory Reporting and Analytics
Lastly, inventory data aggregated by Anvil becomes available for analysis through Anvil’s reports and dashboards. These analytics can project inventory movement into the future and identify pricing trends to keep your dealership competitive and selling stock at a profitable margin.
With Anvil’s inventory feature, you get simplified management of used and new equipment, accurate equipment listings for the sales team, powerful reporting features, and a sales team focused on selling rather than searching. All these lead to more turns and higher revenue potential for your dealership.
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Find Equipment 3 Times Faster with Inventory Search
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