CheckVentory allows car dealers to self-audit more accurately, from The Irish Times.
“When most people see shiny new cars on a garage forecourt they don’t know that the dealer doesn’t own the cars. A financial institution or the distributor for the brand they represent does,” says Adrian Walsh founder of CheckVentory, an automated stock checking system designed to replace manual inventory control in high value asset sectors such as motor, energy generation and agribusiness equipment.
Walsh worked in IT before moving into the motor industry a decade ago. He is a former managing director of Fiat Ireland and also worked for Nissan and BMW. “I was familiar with the flaws in existing inventory control systems from the inside and felt there had to be a better way,” he says.
“Checks are necessary because there is an inherent credit risk without them. However, up to now the industry relied on someone with a clipboard counting cars on forecourts. That was not an accurate method.
Photo Credit: CheckVentory