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January 24, 2014

New Inventory+ from Dealertrack combines better data, leading mobile capabilities

NEW ORLEANS--Dealertrack Technologies introduced Dealertrack Inventory+, a new integrated inventory solution that combines data driven inventory management offerings with mobile and workflow accelerating innovations.

Dealertrack Inventory+ is enriched with advanced 360° data insight and mobile capabilities. It transforms vehicle and market information into increased trades, optimized turn rates and increased profit-per-day. Delivering robust tools and analytics, Inventory+ covers dealers across the entire lifecycle of the vehicle inventory process, including:

• Appraising
• Stocking and Sourcing
• Transportation
• Reporting
• Pricing
• Merchandising
• Mobile
• Group Solutions

"For several years, Dealertrack has delivered the most complete and comprehensive transactional, listing and market information for used vehicles, as well as the latest mobile innovations, in the industry," said Robert Granados, vice president and general manager, Inventory and Interactive Solutions, Dealertrack. "Now, Inventory+ brings all of our award-winning capabilities together, along with new innovations, to help drive optimal and measureable results for our dealer and dealer group clients."

Inventory+: The Combination of Innovative Workflow and Powerful Analytics

Dealertrack delivers new, improved and powerful workflows and analytics with Inventory+. For example, the cornerstone of the Inventory+ solution is the new Appraisal Workflow functionality. The Appraisal Workflow tool expedites the appraisal process by creating a uniformed and totally integrated workflow process for dealers.

Using a simplified, user-friendly five-step process, Appraisal Workflow allows dealers to easily capture and input all key information, and manage information, photographs, condition, book-out data and values of vehicles in their inventory. Typically, when it comes to inventory management and reporting, dealers focus on either profits or turns. Inventory+ allows dealers to focus on both profits and turns for positive results. With Dealertrack Inventory+, dealers can create a simple and powerful metric - Profits-Per-DayTM (PPD) - that can help them better manage both turn and gross profits.

"Our profit-per-day metric, which is the single most important measurement of total profitability, will allow dealers to keep a better pulse on the health of their businesses, while keeping their dealership stocked with the right mix of vehicles best suited for their marketplace," said Granados.

Dealertrack Technologies' intuitive and high-value web-based software solutions and services enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, third-party retailers, agents and aftermarket providers. In addition to the industry's largest online credit application network, connecting more than 20,000 dealers with more than 1,400 lenders, Dealertrack Technologies delivers the industry's most comprehensive solution set for automotive retailers, including Dealer Management System (DMS), Inventory, Sales and F&I, Interactive and Registration and Titling solutions.

 

 

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