Ritchie Bros. offers online inventory management system to customers

Trucks In Lot

Ritchie Bros. announced it has been developing a cloud-based inventory management system (IMS) and is offering it to its customers.

With Ritchie Bros. Asset Solutions’ no-cost version of the inventory management system, users will be able to upload their entire fleet, with photos and detailed equipment info into a mobile-friendly dashboard. The system will help users gain insights needed to make critical decisions to run their business more effectively and gain access to a suite of solutions.

Once their fleet is in the IMS, customers will be able to easily request inspections, appraisals, pricing data and more. Customers also will be able to track assets internally and send equipment to a Ritchie Bros. sales channel with the click of a button, with more transparency into the consignment process, the company says.

“We want to serve as a partner with customers through the entire lifecycle of their fleet,” says Logan Mellott, vice president, commercial operations, Ritchie Bros. “In 2021 Ritchie Bros. is so much more than auctions. Today we offer multiple sales solutions, value-added services, market insights, data analytics and more. Ritchie Bros. Asset Solutions will help customers manage their fleet more effectively, access Ritchie Bros. services and tools more easily and sell assets for maximum value to a global buyer base, all with this one powerful tool.”

Getting inventory into the system is quick and easy with a spreadsheet upload feature. Your entire organization will then be able to see your fleet, where assets are deployed, research equipment values, among other features, Ritchie Bros. says.

“For customers that sell assets with Ritchie Bros., the inventory management system streamlines the process by removing the need to sign a contract for each consignment,” Mellott says. “We are making the selling process more efficient and transparent than ever.”        

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