Find the inventory ideal for your lot and maximize Profit Per Day™.

From acquisition to disposition, our inventory management software helps you maximize Profit Per Day™ on every vehicle with a>

Beat out the competition.

• Focus on a “profit first” mentality, rather than velocity alone, which can result in a race-to-the-bottom price war that hurts your profits.
• Leverage an inventory management software that works with your strategy, rather than dictating it.
• Make faster, more>

  Price your vehicles competitively.

  Identify the right vehicle and price for all locations with real-time industry and transaction information.

  Make your vehicles stand out on any website.

  Increase traffic and quality leads with our powerful merchandising and syndication tools.

  Manage inventory for your entire group.

  Gain greater consistency and control in operations, while saving on auction fees through Group Trade with our many enterprise management tools.

  Streamline the appraisal process.

  Leverage a centralized appraisal function and a single-page appraisal to evaluate and market trade-ins more quickly than ever in an easy-to-use platform.

  Increase Profit Per Day™

  Watch this short video to learn more about Inventory+ and how its Ideal Inventory Model™ can maximize profit.

  Increase Profit Per Day™ with our robust and flexible suite of>

  A complete automotive software solution for your dealership.

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What is Inventory?

Inventory is an asset that is intended to be sold in the ordinary course of business. Inventory may not be immediately ready for sale. Inventory items can fall into one of the following three categories:

Inventory Management

• Held for sale in the ordinary course of business; or

• That is in the process of being produced for sale; or

• The materials or supplies intended for consumption in the production process.

This asset classification includes items purchased and held for resale. In the case of services, inventory can be the costs of a service for which related revenue has not yet been recognized.

Inventory Classifications

Microsoft project download free for mac. In accounting, inventory is typically broken down into three categories, which are as follows: Download virtual dj pro 7 for mac free.

Inventory definition is - an itemized list of current assets: such as. How to use inventory in a sentence. Materials that are needed to turn your inventory into a finished product are raw. Inventory and Logistics Specialist new. MedCom Carolinas. Durham, NC 27703. $40,000 - $45,000 a year. Apply with Indeed. Urgently hiring. Ensure that movement of inventory is logged and able to be tracked. MedCom Carolinas is seeking a full-time inventory and logistics specialist to support its. In this basic inventory guide, we will use this small, fictional business to explore the process of setting up an inventory system. This process works in the physical world, and in our software. Here’s a recent aerial photo of the business: Figure A. Sweet Little Devils makes and sells cookies, candies, coffee drinks, and other cafe items. Inventory and non-inventory purchased items and services can be consolidated on a single pick order and provided to inventory pickers to ensure order accuracy. Wasp inventory software puts a more efficient picking process with mobile barcode scanning to identify picking errors at the source, thus eliminating the time spent finding.

• Raw materials. Includes materials intended to be consumed in the production of finished goods.

• Work-in-process. Includes items that are in the midst of the production process, and which are not yet in a state ready for sale to customers.

• Finished goods. Includes goods ready for sale to customers. May be termed merchandise in a retail environment where items are bought from suppliers in a state ready for sale.

Inventory is typically classified as a short-term asset, since it is usually liquidated within one year.

Inventory

Related Courses

Inventory Warehouse Management Software

Accounting for Inventory
How to Audit Inventory