Stock Control as a Strategic Issue: Taking an Omnichannel Approach
The lockdowns of the last year have resulted in the ‘shortcutting’ of consumers’ comfort with, and expectations of, buying online. This has been true across almost all categories of product, including big ticket items such as cars. In the Autotrader Market Report November 2020, 41% of research respondents stated that they would consider buying a…
Read MoreStock Control as a Strategic Issue: A Need for Agility
The industry has discovered its Achilles heel – vehicles so heavily reliant on processing power that they are literally immobilised by the scarcity of semi-conductor chips, causing a huge impact on the new vehicle supply chain. At the same time, increasing consumer confidence and unexpected access to cash from savings during lockdowns have combined with…
Read MoreDealer Floor Plan Financing Explained
In the automotive industry, the terms floor planning, stock finance, and floor plan financing are frequently used. Floor plan finance is a form of funding used by organisations such as franchised and independent motor dealers, agricultural equipment vendors, materials handling equipment dealers, and similar. This form of funding is a way of using revolving credit…
Read MoreFinding Lost Revenue for Car Dealers
Results of 1000 Dealer Audits Cash is King, so the saying goes. In the automotive industry, this is especially true as cash flow management is one of the key challenges for dealers with literally millions tied up in vehicle inventory. The automotive industry is a very competitive and fast-paced environment. With tight profit margins, it’s…
Read MoreAI: Managing Data, Improving Business Intelligence
Artificial intelligence (AI) has become a common household term. We all know about Siri, the intelligent virtual assistant that comes with Apple products’ operating system, but AI is much more than just her. From a business perspective, AI has many uses. From data analysis to automation, AI is rapidly being endorsed by businesses and is…
Read MoreNow is the Time to Digitise
The current global context is pushing organisations to make better-informed, faster decisions to survive in a rapidly changing environment. As organisations begin to shift from the recovery phase of COVID-19 to the renewal, many are focused on what comes next and capitalising on the changes made to the business during the height of the crisis. One question…
Read More5 Simple Ways to Improve Dealership Finances
Dealership finances can be complex and there is a lot to manage. In uncertain times, this is even more important and it’s a challenging time for many but there are some simple things you can do to improve dealership finances. In this article we’re going to share 5 simple ways that dealership CFOs can improve their…
Read MoreDealer Network: Simultaneous Group-wide Audit
When it comes to physical vehicle audits two of the biggest challenges are scale and speed. Audits need to be conducted and concluded quickly to be relevant but the bigger the scale the more challenging the process. We recently conducted a case study with a client that was avoiding conducting network stock audits as it…
Read MoreWLTP: What is it all about?
WLTP (Worldwide Harmonized Light Vehicles Test Procedure) WLTP is a new, realistic measuring process for determining a car’s fuel consumption, range and emissions. It is mandatory for all manufacturers and will be binding in all participating countries. However, while the name suggests it is a “worldwide” standard, no country in either North or South America is part…
Read MoreWhat Impact will Artificial Intelligence have on Audits?
We are at an inflection point in the debate about what artificial intelligence (AI) means for industries and professions. With the critical mass of data now enough to feed the AI engine, its early applications are yielding some very interesting results. There are many truths and half-truths out there concerning the impact that AI will…
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