Automotive Inventory Software optimised for Auto Distributors, Traders & Simple Manufacturers
As the automotive manufacturing chain becomes more complex and interconnected at every tier, inventory management is crucial at every step, from material procurement, and component manufacturing to finished product manufacturing.
Maintaining the right balance of inventory levels at any given time helps companies save money, generate sustainable cash flow, and contribute to a smooth supply chain from suppliers to manufacturers and wholesalers. Automotive inventory software provides businesses with advanced reporting, inventory tracking, and barcode tracking based on SKUs or serial numbers of components or products, which can help businesses track and organize inventory at the right level at the right time, and in the right place.
- You can easily add a serial number or batch code to the product to complete the order or receive the purchased product in automobile inventory software.
- With automotive products, there are volatile prices and high-quality requirements for each purchase lot. Assigning a serial number or batch code can help businesses trackback or forward if there are any product quality issues later.
- Our serial number feature has a warranty set for each batch of products sold. When you need to track the warranty period if your customer wants to transfer or repair the purchased product, it can be based on the warranty date set when selling the product by serial number.
- The batch and serial number tracking feature is also commonly used for the Pharmaceutical industry, where it is necessary to track product batches/groups by serial number to facilitate product recalls if necessary.
- With automotive inventory software, you can now set up multiple warehouses in different locations when your operations are large and need to cover that business area.
- With this feature in EMERGE, you can adjust permissions for each warehouse to make that warehouse a consignee’s location.
- Managing multiple warehouses simultaneously is no longer as difficult as before with the auto warehouse management software. Any transactions, adjustments, or any work related to those warehouses will be updated in real time, contributing to improving efficiency and accuracy.
- Easily transfer goods from one warehouse to another accurately. All transactions will be performed and updated in the system, creating an accurate total inventory.
- EMERGE offers barcode and label printing for automotive businesses. We support the top 4 barcode types required for the automotive industry including UPC, Code 128 or EAN-8, and EAN-13.
- If your business is a manufacturer, the label printing feature in EMERGE can be useful for labelling and tracking products or parts. Automatically generate new barcodes (or create your own) when you create a new product in your automobile inventory software.
- This feature is especially useful for tracking spare parts, tires, or auto accessories. Now you can manage inventory levels and track the movement of finished products or components using barcodes.
- With just a scan, your order is automatically created and your inventory is automatically updated in real time. Scan and get information about that product such as location, status, and shipping or packaging details.
- EMERGE has an order reminder feature that will remind you what products you need to buy and reorder them in the exact quantities needed. This indirectly helps you maintain a constant inventory in your warehouse.
- The automotive inventory software provides an inventory list, where your products are categorized and their exact warehouse/location/lot/shelf locations are identified.
- Now you can track where the components you need are or see where you still have stock to store new products. You can also transfer inventory from one warehouse to another accurately when some are out of stock.
- Automotive inventory software has Return and Exchange features, which are really important in the automotive industry. Of course, we don’t want a situation where a customer wants to return the product since they are not satisfied with the quality of the product or for whatever reason.
- But with the Return & Exchange feature combined with marking the product’s Batch number or Serial numbers, now with the automobile inventory software, you can easily process return or exchange requests from customers with high accuracy and maintain efficient warehouse operations.
- And for accounting purposes, once the invoice is issued, the system will create a credit note that will be attached to the invoice and will be issued automatically. Inventory levels will be reconciled for both returns and exchanges.
- The right inventory level is all an automotive business needs, it essentially saves the company a lot of money by preventing stockouts and dead stock at the same time.
- Automotive inventory software provides real-time inventory movement reports as well as sales trends.
- Since the automotive industry has average quarterly sales specifications, we can forecast demand and seasonality by year. This information is used to set appropriate reorder points in the software, helping companies maintain the right balance of inventory.
- By tracking product performance with Product Sales Reports and Product Trend Reports, you can identify current trends and price fluctuations at any given time through the product’s sales history.
Conclusion
Since they are the characteristics of the industry, automobile products are expensive, large in size, and expensive to store. Therefore, effective inventory management is considered very important for any automobile business.
Using automobile inventory software is a lifesaver to improve the efficiency of warehouse management operations. By providing a lot of valuable information from essential reports, along with many features for monitoring warehouse management and operations, automobile inventory management software helps maintain the right balance between inventory levels. This right inventory level helps businesses avoid dead or out-of-stock inventory, saving opportunity costs when storing too many expensive products, and contributing to smooth cash flow for the business.
On the other hand, maintaining the right inventory level is not only important for the business itself but also for the entire automobile industry chain. Automobile inventory software is used to ensure the continuity of inventory, which is called availability. “On time” and “On availability” would be two words for the automotive industry chain where hundreds to thousands of small parts will make up an entire car, truck, etc. A delay at a certain layer will cause delays to the rest of the chain. So using automotive inventory software is not to eliminate delays but to minimize disruptions at every level, every stage of the chain, especially for level 2 where components are distributed to many places.Frequently Asked Questions
- Can I dropship some products in one sales order to the customer?
Yes, you can. In a Sales Order, you can always add items that are currently out of stock with suitable suppliers to dropship to your customers. Also, for items that are available for shipping, just simply uncheck the dropship feature. The order will be phased in and updated in real time for you as suppliers ship to your customers.
- When an order of mine is delivered but in different warehouses, how can I manage inventory and receiving in those warehouses?
In EMERGE, you can manage different warehouses easily. When an order is shipped, you need to perform the receiving. For orders with multiple shipping locations, simply add the locations of these warehouses with matching quantities and items in the receiving section. The inventory in these warehouses will be updated automatically and your order will be fulfilled. Also, if you need to check the stock of a particular product in multiple warehouses, EMERGE’s product feature will show you the current inventory status of this product in all the warehouses where the product is stored.
