Ritchie Bros. Offers Free Online Inventory Mgmt System

Feb. 3, 2021
Ritchie Bros. Asset Solutions has developed a free, cloud-based Inventory Management System (IMS) designed to aid asset management and disposition.

Ritchie Bros. Asset Solutions has developed a free, cloud-based Inventory Management System (IMS) designed to aid asset management and disposition.

The system allows users to upload their entire fleet, with photos and detailed equipment info, into a mobile-friendly dashboard. It will also help users gain access to a suite of solutions.

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

"We want to serve as a partner with customers through the entire lifecycle of their fleet," said Logan Mellott, VP, 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 you manage your 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. The entire organization will then be able to see your fleet, where assets are deployed, research equipment values, and more.

"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 said. "We are making the selling process more efficient and transparent than ever."