Auto Credit Express Blog
March 11, 2008
Special Finance Managers: How do you keep your inventory updated?
The second most important thing to keep track of in your special finance department is inventory.
It’s a jungle out there.
Did you ever have problems keeping track of your inventory? I know that it’s necessary to walk the lot to keep in touch with what you have. But on those days when the temperature is 8 degrees and the wind chill is minus 12 wouldn’t you rather be somewhere else? What about August when the temperature is 98 and the humidity is 90%. And what about the spring and fall monsoons with horizontal rain – what do you do then? OK, you get the idea.
With LotProOnline, it’s easy, seamless and automatic.
With LotProOnline’s optional integration package, your inventory will automatically be added from your dealer DMS system. Since it runs in the background, there is nothing additional that you need to do. When the new vehicles appear in the integration screen, you base book them into the inventory, then individually add the options. It normally takes about 20 seconds per vehicle to do this (in your heated, air-conditioned office sheltered from the elements).
You can also set up integration filters to screen out vehicles that don’t meet lender criteria (too old, too many miles, etc.).
The Bottom Line
Don’t waste your time out in the snow and the rain and the heat trying to figure out which cars out there are new or which ones are gone by looking at the VIN numbers. Do it the right way and do it the smart way. Find out more about the best subprime software on the planet! Contact us at 888.535.2277 or by using our quick contact form.
