I’ve heard some co-workers talk about how they kept track of everything on long ledger paper, inventory, dealer accounts, payroll, payables, and sales. This method used to meet needs, but as a business grows it shows its limitations. Manual bookkeeping methods could lead to poor financial records. Your company might be turned down for financing or certain lines of credit due to poor bookkeeping practices.
Topics: technology, efficiency, Bookkeeping
I'm sure you've heard the saying "Time is money." An overused cliche yes, but nonetheless its underlying meaning will always hold true. So, I ask you this: Is your outdoor power equipment dealership running efficiently, or is there room for improvement? With the limited resources that small- and medium-sized businesses operate on, efficiency becomes even more critical to maintaining and growing your profits. Here are three technologies that will help you become a more profitable and efficient outdoor power equipment dealership.
Topics: profit, technology, Sales, efficiency
In today’s environment, technology is a vital part of most areas of business. So, it’s no wonder that business management systems (BMS) are making their way into outdoor power equipment dealerships. In fact, a high-quality BMS provides a competitive advantage to OPE dealers. Those using such a system are more accurate and responsive and are better able to meet customer demands.
Topics: customer, business, technology
KPM's first guest blog post comes to us this week from Joe Miller, the Marketing Director at c-Systems Software, Inc. Joe is an outdoor power equipment industry leader in software, and works closely with KPM on a host of dealer-focused enhancements to c-Systems’ BMS. Click here to read more about Joe.
According to various industry surveys, at least 50 percent of outdoor power equipment dealers still do not utilize a computerized business management system (BMS). This is not to say that these same businesses do not have any type of computer system, as many dealers do have computers to access the Internet, conduct parts look-up, submit and receive email or generate office documents. These same surveys indicate that the most successful dealers (by dollars and size) utilize “industry-specific” BMS at their dealerships.
Does this mean you must have an industry-specific business management system to be successful in the outdoor power equipment industry? No, but it does indicate that a BMS could factor heavily into the successful operation of your business.
Here are some reasons why you should consider adding a computerized business management system to your business:
Topics: dealer, business, technology
Topics: dealer, what do my customers want, business, website, customer attraction, ope, brick and mortar, technology