11 Acronyms You Need To Know

Are you tracking your P&S with a DMS? Adhering to your SOPs using your CRM?

Love them or loathe them, acronyms are everywhere, and these are important ones that savvy equipment dealers should be familiar with.

These 11 acronyms were reviewed in a special workshop session presented by ChannelMasters’ Tom Owen at the Farm Equipment Magazine’s 2015 Dealership Minds Summit.

First, review the list to make sure that you have the tools or resource that the acronym stands for, then take note of Owen’s advice on how to use it.

Don’t have a DMS or a DMS with a built-in, integrated CRM? We can help! Take a look at the CRM capabilities of the ASPEN Dealership Management System (DMS).

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