What is inventory and how to apply it in vehicle stores
Posted: Mon Jan 27, 2025 7:09 am
Inventory is a management tool that allows a company to determine whether the products in its system actually exist in stock.
Inventory
In general, it is a tool that is used in industries, retail and wholesale. But, recently, it has been widely used in vehicle stores , because it guarantees greater operational efficiency and safety when counting, in addition to other advantages.
If you still don't use this tool due to lack of information or because you don't know how to apply it to your vehicle store, read on and learn the essentials!
Types of inventories
Considering that you already know what inventory is, given the beginning rcs data china this content, let's get straight to the point, presenting its types and how to apply them . In total, there are three:
1. Inventory with general count, without address
According to experts, this type of inventory involves stopping the activities of the vehicle store so that a general count of the cars, parts or products that are in the physical space of the inventory can be made. The downside of this inventory is that it stops the store from operating, which can compromise its productivity and cause it to lose sales.
2. Inventory with periodic count, without address
In this type, periods are established (say, from month to month) to carry out the count, with the intention of updating the stock system and making the necessary adjustments, if necessary.
According to experts, these two types are generally not good options, as they take time to complete, which can harm the proper functioning of the company and increase its costs with overtime payments. However, below we will present another one that may work better in your store.
3. Rotating inventory, best suited for vehicle dealerships
In this type of inventory, your store does not need to stop its activities , because the logic of this type is that, first, the stock must be organized by addressing the vehicles, parts, etc., which can, without a doubt, make such activity be carried out with time savings and efficiency.
Inventory
In general, it is a tool that is used in industries, retail and wholesale. But, recently, it has been widely used in vehicle stores , because it guarantees greater operational efficiency and safety when counting, in addition to other advantages.
If you still don't use this tool due to lack of information or because you don't know how to apply it to your vehicle store, read on and learn the essentials!
Types of inventories
Considering that you already know what inventory is, given the beginning rcs data china this content, let's get straight to the point, presenting its types and how to apply them . In total, there are three:
1. Inventory with general count, without address
According to experts, this type of inventory involves stopping the activities of the vehicle store so that a general count of the cars, parts or products that are in the physical space of the inventory can be made. The downside of this inventory is that it stops the store from operating, which can compromise its productivity and cause it to lose sales.
2. Inventory with periodic count, without address
In this type, periods are established (say, from month to month) to carry out the count, with the intention of updating the stock system and making the necessary adjustments, if necessary.
According to experts, these two types are generally not good options, as they take time to complete, which can harm the proper functioning of the company and increase its costs with overtime payments. However, below we will present another one that may work better in your store.
3. Rotating inventory, best suited for vehicle dealerships
In this type of inventory, your store does not need to stop its activities , because the logic of this type is that, first, the stock must be organized by addressing the vehicles, parts, etc., which can, without a doubt, make such activity be carried out with time savings and efficiency.