Tyre industry is today’s one of the leading industries all over the world. However, like all other industries, it is facing a plethora of challenges in the current fierce competition of the ever-growing marketplace. Changing economic conditions and intense business competition coupled with fluctuations in the automotive industry are the major obstacles that need to be overcome by today’s tyre manufacturers. Besides this, highly efficient logistics and real-time inventory management are imperative for cost optimization which is today’s global mantra. Today’s highly advanced Dealer Management System (DMS) serves solutions to all these challenges and help the tyre producers maximize profit and customer satisfaction.
Significant Role of today’s DMS
- Manages Demand and supply volatility
In the present, highly volatile market, it is imperative to have complete control over the demand and supply of the supply chain elements right from the raw materials to the finished product. The correct estimate that matches closely with actual is the key to success. DMS for tyre industry facilitates accurate demand planning that aids the manufacturers to produce and supply the required quantity.
- Distribution Network Management
The tyre management system software takes care of complex multi-brand, sales and distribution networks which is one of the most significant obstacles faced today.
- Real-Time Inventory management
In the present day, time is of the immense essence! It can make or break the business opportunities. Thus, there is an immediate requirement of the data post its generation. Along with the spare part management software, advancement in Information Technology have provided access to real-time inventory data at the fingertips. This information helps the manufacturers and distributors to optimize stock on hand which prevents out-of-stock scenario. At the same time, it avoids unnecessary cost of inventory by keeping just the right quantity on hand.
- Cost Effectiveness
The ultimate aim of any business is maximizing the profit. This service business software efficiently manages all the post-manufacturing processes including sales and service with optimized internal costs and efficient logistics, providing high cost-effectiveness and capitalizes the profit.
- Digitization of DMS
Earlier days, in addition to the traditional DMS, many dealers required a range of software to take care of various aspects of their business. It included a separate CRM system and also software to submit the deals to lenders apart from managing the website and online marketing. Today’s tyre industry solutions operate the entire business of the dealer with a single platform by integrating these versatile but interrelated processes and data into a centralized repository. It results in better management and efficiency clocking more deals.
Summary:The dealership management system facilitates multifold benefits to today’s tyre manufacturers and dealers by aiding them in the complete supply chain cycle. Today, it is undoubtedly a game changer for this industry.