Question: How can I use predictive analytics to identify and manage inventory risk in my dealership?

If you want to tap into predictive analytics to try to manage inventory risk at your dealership, Lotlinx is a good option. The AI-based service is geared for dealerships trying to get the most out of their vehicle inventory, with predictive analytics, data analysis and VIN-specific recommendations. With features like Lotlinx Sentinel and VIN Boost, you can fine-tune inventory turnover, cut holding costs and boost profit margins.

Another good option is RELEX, a unified supply chain and retail planning service that uses machine learning to oversee and optimize retail operations. RELEX improves forecasting and inventory planning with real-time visibility and collaboration, helping dealerships cut costs and respond better to changes in the market.

If you want a more specialized inventory optimization service, Antuit has an AI-based demand forecasting and omnichannel inventory optimization service. It's designed to help companies make decisions based on data and execute inventory plans across different sales channels to ensure optimal inventory levels and avoid stock-outs.