Three Ways to Improve Inventory Management and Drive Strategic Growth

September 20, 2022

Managing the inventory pipeline works best when you take a proactive approach to answer its challenges. Keeping inventory turning, reaching market share targets, and maximizing reorder potential all reflect the efforts of a successful and coordinated team.

These tasks require a certain level of resources and strategic effort to do well. Amid the day-to-day crush of locating equipment, managing the order bank, tracking volume goals and equipment deliveries, do you have the freedom to think strategically about inventory management?

That’s where Anvil’s inventory feature can make a difference. A growing number of successful managers recognize its advantages.

1. Find Inventory Fast

Anvil starts by improving the most basic task in managing inventory: searching for stock units. By centralizing the dealer stock unit data from all your systems, Anvil provides a single platform for all equipment information, making your searches lightning fast.

What do you have in stock?
Where is it located?
What stock is coming in: on order? Via trade?
What is sold?

Anvil’s inventory search tool takes the effort out of answering these questions and takes your queries to the next level by providing more details, like: “Where did we sell it?” that can help improve lead management.

2. Automate and Conquer

Improving inventory search allows users to find equipment quickly and enables actionable results with inventory data. However, the inventory search capabilities just scratch the surface of what Anvil brings to dealerships.

Automation is the powerful backbone of what makes Anvil unique from other systems. You collect a vast amount of data, but how is it currently processed? The Anvil inventory feature takes that data, consolidates it, and organizes it into meaningful metrics. Use the analytics feature to create reports and dashboards to monitor the status of your inventory, revenue goals and more.

Once you’ve created useful reports and dashboards, that’s when Anvil’s magic happens. Instead of creating a new report each time you need the information, Anvil can generate an automated report that runs on a set schedule. Reports can also be converted to visual dashboards for quick and easy interpretation of key metrics. In turn, this eliminates the hours spent untangling spreadsheet data or making decisions using stale or outdated numbers.

Want to know more? See how this sales manager transformed his day using automated reports. READ MORE»

3. Become More Proactive

Our partners often say Anvil makes them more proactive. See how it helps pivot you from needing to be reactive in managing day-to-day issues and instead focusing on moving your goals forward.

Can you rely on your current business systems to accurately answer these questions: