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Stop Obsolete Parts Inventory Growth Once and For All!
“A parts manager who only focuses on clearing existing obsolescence—rather than preventing future obsolescence—will find themselves drowning in an endless battle.” The Two Fishermen and the Leaking Boats On a quiet morning by the shore, two fishermen, Fisherman One...
The Critical “Last Leg” of the Parts Supply Chain: The Dealership’s Role
The final step in the parts supply chain, often referred to as the ‘last leg’, is handled by the dealership and plays a crucial role in determining dealership profitability, customer experience, and employee job satisfaction. This critical moment impacts not only the...
What is Considered Lost Sales
Parts Department Lost Sales cost your dealership more revenue than you may realize. What is a lost sale? A lost sale happens every time you lose an opportunity to sell a part, whether it be over the phone, over the counter, or in the Service Department, the profit...
Idle Inventory Fear: Hidden Cost In Dealership Parts Departments
It may come as a surprise, but idle inventory is a normal part of doing business. In fact, about 1 to 1.5% of your total stock inventory value will cross the nine months without sale point each month.
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