DALLAS -

There is now another program on the market available to dealer groups searching for ways to manage their inventory.

RedBumber released Monday a complete mobile suite of inventory analytic and management tools for dealer groups, which includes enterprise reporting, group trading, group appraisal optimization, group buying tools and mobile group tools, the company shared.

The new management solution works in real-time on a smartphone mobile platform, “providing the ultimate in flexibility for auto dealer groups; an inventory management tool in the palm of the hand,” company officials contend.

Commenting on the news and further explaining the product, the inventory management company’s founder Bruce Thompson, noted, “If one store has a vehicle they don’t need, either in current inventory or at the point of appraisal, a simple scan identifies where the needs are within the group. Via the user’s smartphone, the vehicle can be inter-group traded or an instant smartphone push notification can be sent to a sister stores’ managers for bid."

Delving into the specifics of the new solution, the program includes intergroup trading tools that enables store managers to view inventory for their own store, or for an entire dealership group, on their smartphone or computer.

And if a buyer is out in the lanes buying for multiple stores, he or she can scan the vehicle and view every store’s stocking needs within the group, officials explained

“The tool immediately enables the user to see which store has the greatest need for a vehicle and where it should be placed with the best opportunity to turn the fastest and yield the most amount of money,” the company stressed.

The solution also connects with SmartLot, an inventory analytic tool that blends historical performance with local market data to provide inventory stocking recommendations.

Basically, the system will automatically sync the inventory mix and adjust to achieve maximum turn times and profits, officials explained.

What makes this solution particularly useful for dealership groups?

The company contends, that “instead of each dealership operating autonomously, RedBumper’s enterprise solution leverages the needs and buying power of the entire group.

“It enables each manager to view the group’s inventory as a whole and see where the greatest opportunity is to move that vehicle for the most profit in the least amount of time. Everything can be viewed in real time and accessed on one screen or smartphone,” they continued. 

Also, the tool enables users to drill down from national to regions to stores, “all the way down to an individual vehicle."

“If a vehicle is overstocked at one dealership but needed at another, RedBumper identifies where the vehicle should optimally be placed and provides all the tools needed to trade from one store to another. All accounting systems are rolled up in real time to seamlessly facilitate and conduct trades across the entire group,” the company concluded.