The easiest way to keep track of how well your company is doing is by looking at the data. Reports provide quantifiable intel and provide you with an up to date view of how your company has been performing, so naturally, having software to specify what you are looking for is ideal. Rev Parts Management Software has you covered from daily revenue to product movement over the last few hours, weeks, months, or years.
Right off the bat, Rev offers over 250 templates for users to utilize that generate reports that display whatever data you are trying to locate. The best part about them is that as the industry evolves, so will the reports. Taking suggestions from customers, RPM develops templates to meet the needs of the marketplace. This means that as more customers sign up for Rev Parts Management Software, the product improves for everyone. It is a perfect example of customers and providers being stronger when they work together. Rather than build a template for one customer and charge others for its use in their system, RPM incorporates new developments directly into the design so that everyone has access to it. These changes are always optional, and can users can choose to accept the latest update or continue using the system as they have been.
RPM makes reports customizable on several levels. You can pull up information based on account, region, location, product, or dollar amount. Users can also look at things like which parts and customers are selling with the highest profit margin daily. This feature is what many clients are most excited about when using Rev.
Using the data and tools tabs, customers are capable of building unique reports as well. Create reports based on the transactions; Which customers were purchasing a product, how much did they pay for it, when did they buy it? The level of detail is truly up to the user. This information grants informed decision making on product orders and can be used to identify market trends quickly so store owners can react to them quickly. Perfect for seasonal items that are flying off the shelves for only a few months. It also ties into Rev’s PO building feature, which will recommend and auto-fill purchase orders based on sales history and trends, so shelves remain stocked with popular parts.
You don’t have to be at the office to run reports either. Sitting in their car in a customer’s parking lot, sales staff can generate reports to access the latest purchase history or examine returns from a customer. They may also review customers’ preferred brand and use that knowledge to create customized selling strategies.
For team leaders, sales managers can pull up each rep’s status at the beginning of the week. Find out who has been doing well, and which customers have been contacted. Go even further by pulling up customers that haven’t ordered lately and examine past purchase history. Utilizing this information can assist the sales team in identifying reasons a customer may have left. For example, it could be that pricing went up during a month they left, or they had a series of returns from the same line. Understand the cause and from there, work on a plan of action to bring them back.
You don’t have to be at the server site to pull up information any longer. Run reports in your car before heading to a business dinner. By the time you arrive, you can enter armed with the latest numbers. Sales staff can go into customer meetings confident they have the most current knowledge on a customer and can be updated instantly if any relevant information changes. You can queue up reports over the weekend as well and have them waiting in your inbox first thing Monday morning.
Use reporting to change order points based on part movement. Rev will keep track of how many products have been moving and recommend order points based on sales history. Use this tool in conjunction with forecasting models to pick up on purchasing or return trends. Keep customers coming back by having what they need, and pull pieces that are frequently returned to ensure quality merchandise.
Without the right filters, data is not very useful on its own. Rev Parts Management Software works with you to provide deep levels of customizability within reports. Use them to keep your team informed on sales and inventory movements. Watch sales numbers to identify trends as they occur and keep your products moving by keeping the popular ones on your shelves. Reach out to support if you are seeking something you don’t see. There is quite likely a template out for it, and if not, we will add it to our development list.
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