Uncategorized Archives - Page 2 of 3

Performance Efficiency

By Dave Wood In the Parts Department, every activity is connected to sales performance efficiency. Sales, ordering, stock keeping, everything! Whatever training you may have had, or not had, whether it be...

Database Accuracy: Speaking on the topic

Database accuracy is an often-overlooked aspect of inventory management. It has been said that you can’t sell out of an empty basket. The same holds true when you or your potential customer don’t know what’s in your basket. How can you sell an item you don’t show as...

Parts Investment Philosophy

What’s in a title? It really doesn’t matter if your title is “Parts Manager,” “Parts Director,” or “Senior Grand Poobah of Parts,” because if you are making the final decisions on what parts to stock, you are the Parts Investment Manager. You are, in fact, investing...

Holiday Dealership Parts Inventory Insights

ADMI’s top 5: From our ADMI Team – Happy Holidays! Getting insight on dealership parts inventory During the holiday season most dealerships experience a slowdown. In order to maximize the advantage from the holiday season, it is the perfect time that...

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.

Stock Rotation and Changes: the Importance in Inventory

Todays’ topic: stock rotation and changes. There are many ways to improve your parts investment. One of the easiest ways is by following some simple steps in your dealership parts training process, which should be included in every Parts Managers standard...